Banking Without Usury: A Thought Experiment (Ep.111)

Jul 22nd 2023 11:35am EDT

In a financial system where we have a banking system that generates money out of nothing, what is the purpose of borrowers paying any interest at all? What is the societal purpose of banks to begin with? If usury is wrong at any level, even at a 1% interest, how could we have a banking… […]

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