Swap boats for currencies, what has changed?

Reply to this note

Please Login to reply.

Discussion

I'm not saying lending is bad. I'm saying usury is. The difference is the property-ness of the lending. The economy can't ignore the time value of money, and I'm not proposing that. Lending at interest and lending ex-nihilo are both different from simply lending a thing and retaining ownership.

Pretty sure I replied to this but my note got lost somewhere 🤨.

So there is no difference, the difference comes if I try to “double rent” the same boat twice or more (ex-nihilo).

There's a difference. I've gotten into it plenty in the past and simply don't want to do all that writing again.