Subnostr

Slavery is involuntary. Contracts are not.

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

Reply to this note

Please Login to reply.

Discussion

vinney...axkl 1y ago

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.