Charging interest and usury are two different things.
Not by linguistic definition. Not at any time in history. Not according to any laws written by any non-jewish society.
Interest is a fee for providing the service of lending capital.
No, that’s a commission. Interest is infinite and perpetual.
Usury is exploitation.
Interest is exploitation.
Offering a loan with reasonable interest to a borrower with good credit, collateral, and the means to pay it back is not usury.
Literally is. Literally “creating money from money.” Literally classified as slavery by Ancient Greece, Rome, all Christian doctrine, and even Muslim doctrine, because **interest is perpetual debt.*8
Yes, it's perpetual debt if you don't pay it back.
No, it’s perpetual debt because it’s PERPETUALLY INCREASING.
Lending money is a service, it's not usury.
This was never questioned.
Usury implies taking advantage of a victim.
Interest takes advantage of a victim.
There is no victim in a voluntary agreement which mutually benefits the participants.
Interest is not a mutually beneficial agreement.
Like if you wanted to start a business, you would have to persuade a lender to let you borrow the money to finance the start up. The lender takes on risk to lend the money.
That’s fine.
In exchange, the borrower pays interest as fee
Why. This is unnecessary.
If the lender did not earn interest, then there would be no incentive to lend the capital.
It’s like you’re actively trying to make people believe that no other options exist.
Why take on risk when there's nothing to gain out of it?
So don’t. It’s really not that hard to come up with THE MOST OBVIOUS POSSIBLE SOLUTION, WHICH WAS ALREADY TRIED SUCCESSFULLY IN HISTORY.
That time was decades ago. You’re totally fine with maintaining usury, so physical removal won’t do a damn thing.
Not by linguistic definition. Not at any time in history. Not according to any laws written by any non-jewish society.
No, that’s a commission. Interest is infinite and perpetual.
Interest is exploitation.
Literally is. Literally “creating money from money.” Literally classified as slavery by Ancient Greece, Rome, all Christian doctrine, and even Muslim doctrine, because **interest is perpetual debt.*8
No, it’s perpetual debt because it’s PERPETUALLY INCREASING.
This was never questioned.
Interest takes advantage of a victim.
Interest is not a mutually beneficial agreement.
That’s fine.
Why. This is unnecessary.
It’s like you’re actively trying to make people believe that no other options exist.
So don’t. It’s really not that hard to come up with THE MOST OBVIOUS POSSIBLE SOLUTION, WHICH WAS ALREADY TRIED SUCCESSFULLY IN HISTORY.
Nah you can get some tough guys to go collect payment - or else.
It's what my boys in Japan do.
Great, I'll just start a LOAN CLUB. Loans for everyone! No interest fees!
All Loans, flat 5% commission.
Membership starts at $15 a month*, with higher tiers allowing you to borrow more.
(*Plus 10% of any funds you currently have borrowed. Membership must remain active or full amount of all credit extended is due immediately.)
Hey, there you go. At least someone else gets it.