Wow, good question. I think thats the root problem. The lender of a Fiat loans is basically someone with a money printer.
So the lender is ethically questionable, not the borrower.
Discussion
that’s what I think. every fiat loan is ethically questionable for the lender, because they literally print money to give it to the borrower, but the borrower can either make use of a loan to prosper himself, or get destroyed by it depending on all the factors. If you’re the borrower, you’re naturally ethically superior to the lender
Bitcoin fixes this 😂