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It definitely devalues your hard work, it becomes very difficult to save. Some people don't want to go into debt because they don't engage in usurious transacti
by gher-shyu3i 6y ago
It definitely devalues your hard work, it becomes very difficult to save. Some people don't want to go into debt because they don't engage in usurious transactions.
- genericuser314 6y agoIn fact, I've never met anyone who wants to go into debt, and yet here we are in the real world where "The bottom half of Americans combined have a negative net worth," [0]: https://www.businessinsider.com/bottom-half-of-americans-negative-net-worth-2019-5 https://www.businessinsider.com/bottom-half-of-americans-neg... In objective reality, setting aside philosophical objections to usury, since inflation devalues debt as well as savings it is a net benefit to the above mentioned Americans.
- gher-shyu3i 6y agoWe wouldn't be having this discussion in the first place if people refused to engage in usury.