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I think this is like predatory lending laws - you can be forced to give someone a loan at a reasonable price, even if you can convince them to pay way more. The
by e_i_pi_2 4y ago
I think this is like predatory lending laws - you can be forced to give someone a loan at a reasonable price, even if you can convince them to pay way more. The same argument also works for voluntary slavery - I think people have the right to say "even if it's initially consensual, it still seems like an abusive business model that we shouldn't allow"
- whimsicalism 4y agoYou aren't forced to give someone a loan at a capped price, you can simply refuse to loan out your money. The government does not compel you to loan, so it is not analogous. I get the logic of rendering certain voluntary transactions illegal. Child labor (questionably voluntary) & minimum wage laws come to mind. This is distinct because those laws don't require companies to hire people at minimum wage.
- e_i_pi_2 4y agoYeah good clarification sorry, the price cap is the compelled part, not the original loan decision