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15190964? ago

Interest is not an evil.

It is a reflection of values inherent in the universal truth about human action, which is positive time preference.

It is an economic law based on what we are.

All else equal, a good or service is worth more the closer in time it is to an individual's utility.

$10,000 received in the year 2068 is worth less than $10,000 received today.

In order to convince me to give up $10,000 for 50 years, which is value given by me voluntarily to a borrower, I am not a sheep, I expect value to be given by the borrower to me. If they're greedy to want the $10,000, I'll be greedy to want something in return.

If the borrower offers me a larger payback in 50 years, I just might agree to lend them the $10,000 today.

CALL THIS "USURY" ALL YOU WANT. POINT A GUN AT LENDERS AND BORROWERS ALL YOU WANT, YOU CANNOT OVERTURN ECONOMIC LAWS BY PHYSICAL FORCE.

In every attempt throughout human history to stop "usury", including some of the backwards civilizations whose governments have laws against it, they don't actually stop it because the economic laws manifest in lenders and borrowers still paying and receiving interest, it just takes a different form, but the interest is there. Only a FOOL would lend and lend and lend and lend and agree to have one sided trade "deals" where the borrowers get value but the lenders don't. If its greedy to charge interest, SO IS ASKING FOR INTEREST FREE LOANS, WHICH IS EFFECTIVELY MONEY FOR NOTHING (and the chicks for free)

15191254? ago

This makes sense only if you think Human Action can have a value placed upon it. I don't think that. I think trading your energy, your very life-force which comes from god - is literally selling your soul. This idea about usury is irrelevant because the idea that we can put values on our priceless energy is the real problem.

FYI it only makes sense if you subscribe to keynesian economics

15191343? ago

No.

Human action itself is not being claimed as having a pricetag.

Time preference is a LOGICAL CATEGORY OF ALL ACTION.

Example:

The fact you chose to to tell me what you just wrote, is a result of the economic law of time preference whereby you chose to write that when you did instead of say a year from now. All else equal, that same exact action, that response, to the post I just wrote, should you ponder waiting for a year before you reply, you would have wanted something more in order to agree to doing that. The proof is that you didn't wait. The law of time preference is manifesting in you posting it now with whatever utility you got from it doing it now.

In other words, out of all of the possible actions you could have taken, the law of time preference also manifests in you acting in accordance with what your most highly valued goals are right here and now, and you put off to the future other possible actions.

Also, this is completely outside of even the understanding of Keynes. Keynes didn't understand the economic law of time preference either, which is precisely why Keynesians call for governments to interfere in the market to affect interest rates! They don't understand the damage they cause.

You don't understand very much economics, if I were you I'd lurk moar

15215881? ago

Time doesn't exist

15227901? ago

Define exist bitch

15385577? ago

Lol

Time doesn't exist, neither does money or space (not outer space the idea that you are different from me and i am different form you). These are all Babylonian Tricks.

Your defense of money while it makes sense in your circular bubble, is totally fraudulent once you realize the nature of reality. You cannot value someones life force.

15386186? ago

"Life force" and money are not incompatible, you stupid Marxist doorknob. Money arises NATURALLY when individuals are FREE TO TRADE AND PRODUCE FOR EACH OTHER.

All money is, before it was usurped by the Satanic Rothschilds, is just the MOST marketable, sought after commodity that allows individuals to temporarily STORE PURCHASING POWER FOR FUTURE TRANSACTIONS.

Historically when individuals are free, they tended to use precious metals as money, because precious metals are BEST, thus far discovered, to perform the function of what people naturally look for in a good money:

Durability, portability, divisibility, uniformity, limited supply, and acceptability.

Money is not fraudulent, YOU ARE YOU FUCKING FRAUD.

A person's "life force" is not being valued when they accept a payment of a commodity that is durable, portable, uniform, divisible, in limited supply and generally accepted in trade. They are ONLY providing their labor. The VALUE of a person's labor is what's being traded, not the person.

In YOUR "circular bubble", you fucking projecting Marxist psycho, you fallaciously conflate two consenting adults trading voluntarily, labor for a fixed income as an example, and because your permission was not acquired first, that insults your sensitive to the point of being psychotic EGO. So you blather on about determining what is good and right for others over and above their own judgments for themselves, as if your judgment of what they should do for themselves, is more important than their own judgments for themselves.

You made the critical error of believing that sounding like a space cadet new age koombaya motherfucker cannot cover up your inner sociopath that seeks to destroy innocent lives because you're fucked in the head.

GTFO this board you tin pot dictator wannabe, you're just a lost pathetic Marxoid dufus.

15392233? ago

wow this is just... art