The justification for adding interest to a loan is to offset the potential risk of a borrower not being able to repay.

The risk of a loan should fall on the lender, not the borrower. If a lender gives a loan to someone who cannot service that loan, that’s their own failure.

The risk profile has been turned on it’s head. Society blames the borrower for default. It considers that people who cannot repay debts to be sub-moral. And we allow lenders an alternative to accepting the risk inherent in the lending process. Public bailouts? Student loans that are impossible to shed?

Lenders have learned to take the interest from those who can pay, and to subsidize the interest for those who cannot using public funds and public laws