Loan interests and money I disagree with. Unless we get to a point where everything is in abundance and commerce isn’t needed anymore I feel like a common item we can agree the value of for goods and services is a pretty neat idea.
Similarly I don’t think interest is inherently evil. If i lend you money to buy something large that will take years to pay off, I wouldn’t want to lose a bunch of money with inflation. But predatory rates that bet on you defaulting can burn in hell. It’s disgusting that the whole fintech industry exists purely to maximise interest and debt at the cost of those who depends on those services the most.
Private Equity
Credit Score
Derivitives
Interest on Loans
Money
Loan interests and money I disagree with. Unless we get to a point where everything is in abundance and commerce isn’t needed anymore I feel like a common item we can agree the value of for goods and services is a pretty neat idea.
Similarly I don’t think interest is inherently evil. If i lend you money to buy something large that will take years to pay off, I wouldn’t want to lose a bunch of money with inflation. But predatory rates that bet on you defaulting can burn in hell. It’s disgusting that the whole fintech industry exists purely to maximise interest and debt at the cost of those who depends on those services the most.