Lex on Nostr: He’s also wrong about fractional reserve banking being amoral. Stealing purchasing ...
He’s also wrong about fractional reserve banking being amoral.
Stealing purchasing power is absolutely immoral.
Usury begets factional reserve banking inflating the money supply, and ultimately creating debt slavery.
So usery is a sin, but for greater reasons than he thinks. Much greater reasons than “the church says so”.
The church says so b/c over enough time it creates debt saves, via the process above.
Stealing purchasing power is absolutely immoral.
Usury begets factional reserve banking inflating the money supply, and ultimately creating debt slavery.
So usery is a sin, but for greater reasons than he thinks. Much greater reasons than “the church says so”.
The church says so b/c over enough time it creates debt saves, via the process above.