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Or lending might be done as charity https://www.hflasf.org/ https://www.hflasf.org/ https://www.jfla.org/ https://www.jfla.org/ or only upon collateral.
by schoen 9y ago
Or lending might be done as charity
https://www.hflasf.org/ https://www.hflasf.org/
https://www.jfla.org/ https://www.jfla.org/
or only upon collateral.
- wdewind 9y agoWhich would mean that much much less of it would get done, which is not a clear win.
- schoen 9y agoI agree with that. Seeing more of this thread, I would clarify that I agree that interest rewards people for accepting risk in addition to temporarily losing the use of their money, and I support that. I just want to point out that the phenomenon of interest-free lending as charity is a real one.
- tengbretson 9y agoLending with no interest AND collateral creates a very perverse set of incentives for the lender.