Why Nostr? What is Njump?
2024-06-18 15:05:18
in reply to

Mallory's Musings & Mischief on Nostr: What I mean by that is the idea that loaning money automatically implies accumulating ...

What I mean by that is the idea that loaning money automatically implies accumulating interest is not accurate.

It's a choice someone made. It's a choice people continue to make.

Applying a moral standard to the accumulation of debt through compound interest is just another imposition of hierarchy. It's about power.

Lending money does not logically necessitate that the party doing the lending must profit indefinitely and exponentially.
Author Public Key
npub1md7zw3rmvm0j0vpddu063wgsakvtm8f8danc6xv4cl5zge7vj68srw3gny