Bernie Sanders goes full anti-semite
(media.scored.co)
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If I loan you anything, anything, you have to pay me for it. That includes money - there's a risk I don't get it back.
Paid with the loan, based on how much your borrowed and how much time you have my money. Call it an annual percentage rate.
> Interest is the earning of money without anything being produced.
You told me you were doing something with the money. If you borrow my hammer to build a shed, pay me. If you borrow 10k to build up a business, pay me.
Basic supply and demand. I have something you want. Pay me.
Anytime I lend anything out, I'm risking not getting it back, to only getting part of it back, to wear and tear. For money, I'm losing out on it being available to me. Pay me.
You economic policy goes against nature.
As I said, something can be provided as collateral against the loan, but when I return the item, I'm getting all of my collateral back.
"For money, I'm losing out on it being available to me. "
If you feel that way, don't lend your items out. If people had a choice between paying interest and not paying interest, no one would chose paying interest. Basic supply and demand, as you call it. Interest is how the worldwide jew community built its wealth. Interest has enabled the worst sort of people in history. We would be better off without it, and there's a reason the ancients considered it equal to murder and punishable by death. The God of the Bible told the Hebrews they could only charge interest to nations practicing sex magic. This is how vile interest on money is.