If charging interest is good and necessary, how come the world economy is so shakey, given that there has been so much credit at interest available so EZ for so long?
If necessary to charge interest on loans, how come ZIRP is the policy of all central banks world wide right now?
Hard to sort through this, I imagine. Yes, an economy can thrive without usury. But if you lend asset-less-backed credit, in essence fraud, nothing good can come of it.
That is hard to think through, but there it is.
Feel free to forward this by email to three of your friends.
If necessary to charge interest on loans, how come ZIRP is the policy of all central banks world wide right now?
Hard to sort through this, I imagine. Yes, an economy can thrive without usury. But if you lend asset-less-backed credit, in essence fraud, nothing good can come of it.
That is hard to think through, but there it is.
Feel free to forward this by email to three of your friends.
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