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?
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?
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