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Yes, the house rental trick was big in the European middle ages: sometimes the lender would just pretend to "buy" the borrowers' house, and charge him "rent" fo
by davidgraeber 16y ago
Yes, the house rental trick was big in the European middle ages: sometimes the lender would just pretend to "buy" the borrowers' house, and charge him "rent" for his own house until he "buys" it back.
Still, the remarkable thing from the Medieval documents we have from the Middle East is that most people actually did follow the rules: they used to do profit-sharing instead of interest; lenders would become partners instead