Mallory's Musings & Mischief on Nostr: What I mean by that is the idea that loaning money automatically implies accumulating ...
What I mean by that is the idea that loaning money automatically implies accumulating interest is not accurate.
It's a choice someone made. It's a choice people continue to make.
Applying a moral standard to the accumulation of debt through compound interest is just another imposition of hierarchy. It's about power.
Lending money does not logically necessitate that the party doing the lending must profit indefinitely and exponentially.
Published at
2024-06-18 15:05:18Event JSON
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