4 ms·
No, it wouldn't. Categorically. If everyone repaid debts, then lending money wouldn't require interest. Interest expresses the danger that money may not be rep
by Aeolos 11y ago
No, it wouldn't. Categorically.
If everyone repaid debts, then lending money wouldn't require interest. Interest expresses the danger that money may not be repaid as, for example, during bankruptcy proceedings.
Debt forgiveness has existed since the dawn of money. See [1] for more information.
[1] http://www.amazon.com/Debt-The-First-000-Years/dp/1612191290 http://www.amazon.com/Debt-The-First-000-Years/dp/1612191290