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20 sats \ 6 replies \ @BlokchainB 6 Jun \ on: Why Lending Money (at Interest) Is Not Usury in the Modern World econ
I’m so confused. I thought interest was always usury at any discount rate!
Interest is only the cost of deferring your desires from today to the future. Somebody has to pay for the lost opportunity cost, either the borrower or lender. Again, what is usury?
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According to the Bible the lender should bare that cost
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As in many other things the Bible may not be accurate. Who wrote the Bible?
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God
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Are you sure about that? I guess it depends on who you are calling God.
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Yup I’m sure