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Giving loans with 0 interest is a good thing, however, giving loans with anything above 0% interest ins a terrible thing. We've known this for literally thousan
by gher-shyu3i 5y ago
Giving loans with 0 interest is a good thing, however, giving loans with anything above 0% interest ins a terrible thing. We've known this for literally thousands of years.
- unityByFreedom 5y agoIf you're willing to give me an interest-free loan then I will take it and invest it in an index. Generally speaking, discounted loans are only available from governments or friends for specific purposes like education or health when they want to invest in people. Even then you still have people taking advantage because money is fungible. It's hard to do this in a sustainable manner.
- gher-shyu3i 5y agoThe premise is that the economy must not be based on loans, it's not sustainable as we are seeing today (not to mention it's parasitic). Loans are given out for charity purposes. If you want to invest your money, there are many moral ways.