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Hmmm, there are a lot of opinions and not many hard fact on this topic. The majority of cultures and religions in human history shared the opinion that in gene
by ha-ha-ha 13y ago
Hmmm, there are a lot of opinions and not many hard fact on this topic.
The majority of cultures and religions in human history shared the opinion that in general lending for interest leads to instability.
- ohazi 13y agoThe majority of cultures and religions in human history are no longer around. Joking aside... most of the societies that shared this belief tried to justify interest lending as morally dubious rather than presenting reasoned arguments as to why such a practice was unstable. And perhaps they had a point. There's a difference between predatory lending to pilgrims at a temple and lending for an interest rate that's close to the expected time value of the money borrowed. But extraordinary claims require extraordinary evidence. I'm inclined to side with today's economists.