Slavery is involuntary. Contracts are not.

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if i make a loan to you, but i have in the "contract" that i can arbitrarily change the repayment rate at any time, is that a contract?

that is your standard fiat finance business

this is precisely what the most essential meaning of usury is:

slavery

my "deal" is forced on you and you don't have any input on its essential parameters

Sounds like a good opportunity for a competing lender to offer a fixed interest rate. And then, yes, i can **choose** which contract to voluntarily sign and yes they are both contracts.

I'll weight the expect costs/benefits of both the flexible and fixed interest contracts and choose the one I prefer.

Slavery is also voluntary.. By contracts. How else can you explain no jab, no job