Geist on Nostr: Every person discounts the future, some more, some less, but everyone does it. If you ...
Every person discounts the future, some more, some less, but everyone does it. If you want to borrow my money for a year, there is an opportunity cost for me to loan it to you, I could use that elsewhere, and loaning it to you for a year means I need to wait that time to get my money back and use it. Further, without interest, how am I supposed to cover the risk of loaning to you? If you lose my money then its simply gone, if I make loans to 10 people with interest and one fails I could still be OK. If your argument is that loans should only be made between friends and family members then OK, I am just skeptical that society will progress very quickly.
Published at
2023-08-31 16:00:32Event JSON
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