Why is usury tolerated?

I'm not a Christcuck but the disavowal of usury in the Bible might be one of the most honorable and Noble things ever.

Why does our modern society tolerate, encourage, and even celebrate usury and other morally corrupt practices?

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  1. 3 months ago
    Anonymous

    >nooo you can't just mutually agree to enter a contract with someone from which you both expect to profit

    • 3 months ago
      Anonymous

      Unilateral or bilateral, greed is greed.

      You're a sad sad man.

      • 3 months ago
        Alectorios

        Usury: The practice of lending money and charging the borrower interest, especially at an exorbitant or illegally high rate.

        The only examples of this now are for the low credit score loans. Mortgage loans are getting there now but it's because of fiat currency.

        It's specifically, PREDATORY loans. These are those 20% car payment loans. If I charge 2.5% interest, that is not predatory, and therefore not usury.

        We all agree that predatory loans are bad. Reasonable loans, however, are necessary for the market to function. Do some economics reading. Milton Friedman. Thomas Sowell. Great primary sources and they are also easy to read.

        Read a book. Understand the words that you use before you use them.

        • 3 months ago
          Anonymous

          you're just wrong chud. post face so we can laugh.

          • 3 months ago
            Alectorios

            Shitposts like this aren't useful. F

        • 3 months ago
          Anonymous

          >The only examples of this now are for the low credit score loans. Mortgage loans are getting there now but it's because of fiat currency.
          >It's specifically, PREDATORY loans. These are those 20% car payment loans. If I charge 2.5% interest, that is not predatory, and therefore not usury.
          That's a misrepresentation. Average credit card rates are around 25%, the best ones are only just under 20%, and these can be as predatory as low credit score loans with high rates because they can often advertise themselves for doing balance transfers, functionality being high interest debt consolidation loans. There's phone payment plans that usually hide interest rates behind a 0% APR for a set portion of the payment plan. Microloans are becoming more and more popular for innocuous purchases, also with those kinds of rates excluding ones that make money by charging vendors rather than consumers, but even those like Affirm will allow people to set up multiple payments to tie them up in a number of payment plans which while not being usury makes it easy to lend more than consumers can reasonably pay for. All in all, it's not inaccurate from the OP to represent that usury is fairly normalized.

        • 3 months ago
          Anonymous

          >If I charge 2.5% interest, that is not predatory,
          this is a dogma

        • 3 months ago
          Anonymous

          All interest in usury, people have only recently started pretending that it's predatory interest as a cope because the entire global economy revolves around debt and interest and would collapse if usury was banned.

          • 3 months ago
            Anonymous

            You realize those interest rates are the only thing keeping people from taking out massive debts right? The reason they raise rates is to slow down lending.

          • 3 months ago
            Anonymous

            You realise usury is usury?

          • 3 months ago
            Anonymous

            Okay then never take out any loans and sit on your high horse. Also never buy a bond or have a bank account because you are taking interest by doing either of those. Maybe you can crowd fund a big pile of cash from a bunch of people but I don't know how you would incentivize them to give you money.

          • 3 months ago
            Anonymous

            Yes, all those things are usury. Why are you replying like I've said I disagree with them?

          • 3 months ago
            Anonymous

            I'm saying you're moronic and usury isn't wrong. The only way you get fricked by usury is by taking a loan you agree to and not paying it back. People try to fall back on.

            >but you're taking advantage of poor people

            By giving them access to capital? How is it my problem when you agree to a loan, take it out, and blow it on something unproductive? Every anti usury argument ultimately boils down to stupid people not reading contracts OR desiring something that they don't have the means to get.

          • 3 months ago
            Anonymous

            When have I said usury is wrong dickhead?

          • 3 months ago
            Anonymous

            You're absolutely right. My bad

    • 3 months ago
      Anonymous

      If I agree to print money for someone, is it a bad? If not, why? If yes, how does it not contradict your post? It's just a voluntary agreement between us two.

  2. 3 months ago
    Anonymous
  3. 3 months ago
    Anonymous

    you should already know why

  4. 3 months ago
    Anonymous

    The same people that say usury is le bad seethe hard at the idea of taxing billionares.

    • 3 months ago
      Anonymous

      I would rather billionaires keep their money and buy yachts than have it taken by the government to create a dystopian surveillance state.

  5. 3 months ago
    Anonymous

    Because if you want my money you need to pay for the risk I take. If you don't want to pay for the risk you don't get my money.

    Dumb people don't realize that money fluxuates in value especially in a large amount. If you want a good look at a modern attempt to go to 0% interest rate look at Turkey when Edrogan went full islam and set the rate to 0.

    To the surprise of nobody everyone took out as much debt as possible because there is literally no risk to do so. Now their central bank is sitting at 15% to try and unfrick the situation.

  6. 3 months ago
    Anonymous

    >why won't people give me money for free? I'll pay it back I pinky promise

  7. 3 months ago
    Anonymous

    It’s your fault if you give into bad loan terms.

  8. 3 months ago
    Anonymous

    Doing otherwise would be antisemitic

  9. 3 months ago
    Anonymous

    Debt is useful and if you can pay it back it's not damaging. "I would gladly pay you Tuesday for a hamburger today."
    >I need transport but cannot afford to suddenly spend several thousand
    >I need to make repairs to my boat but lack liquid assets at the moment
    >I desire to have a house now instead of saving up for a decade

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