!["the owner"...... [604x775 - 491KB]](https://pic8.co/sh/Z6bLeZ.png){kind=link}
But why would anybody ever lend money if there was no interest? Money has a time value, lending money to others is an opportunity cost, and there is obvious risk of default. Should those factors all be ignored cos of what Thomas Aquinas reckoned?
It would also help if the true people with money to lend were able to benefit, rather than the fucking bankers. Fractional reserve banking creates fake money so the people that deposit in banks get shit, while the bankers create trillions in loans. A true bank - even with usury - would be an intermediary, not a money fabrication plant.
I dunno, maybe just an outright flat fee , with a penalty fee for non payment. Interest is rape of ever decreasing amounts ..
If I loan 10k to someone to start a business, and they make 50k, then pay me back 11k, they have made 39k that they would have never made without my loan. I make money and so do they. I don’t get the hate for loans with interest. Loans are between the two parties, and no one else’s business.
(post is archived)