garyj on Nostr: There is nothing wrong with borrowing money. In fact, borrowing money is essential, ...

There is nothing wrong with borrowing money. In fact, borrowing money is essential, its how the economy grows . Call it investment. You invest and participate in the profits of the investment, you also partipiate in he losses. This is known as sharing the risk between the borrower and the lender. The problem comes from charging interest, any interest on borrowed money. Thats usury, and by the mathematical laws of geometric progression the interest eventually devours the principle and then devours the entire econony and only the usurers get spectacularly wealthly. People are going to run for the exists screaming when I say that this type of interest free borrowing is also called Sharia banking. Or original Christian teaching.