If the terms of the loan are voluntarily entered by both parties, then I see no ethical defense of any third party banning the agreement. Those who don't believe they should borrow or lend with interest simply should not do it, and voluntarily...
But then, you're comparing a scenario that will never exist because there is no incentive for the lender with one that will exist because it does provide that incentive.
Anybody want to take a stab at writing a new set of satirical lyrics to this song?
https://en.wikipedia.org/wiki/I%27m_Forever_Blowing_Bubbles
Then make an AI recording of it sung with Trump's voice.
Edit: Better yet, a duet with Trump and...
In watching police interaction videos, I've seen a lot of instances of people using "offensive" or "obscene" language being arrested for "disorderly conduct", "disturbing the peace", etc. In some cases, they just end up paying the fine or...
Id say it is what you said. If they promised you 2k Im thinking youll get 2k , itll just buy 1k of what it would've a year or two or three prior. Its just paper and the printer doesnt stop
Take that example of a fixed rate of 4% per year for 30 years for a $300,000 loan.
At the beginning of the loan, the principle is $300,000. The interest for one month is $1,000. So in order to make a payment in the first month that is equal...
That would be the opposite of simple. It would require one of two things: either the interest rate would have to change continuously through the life of the loan, starting very low and ending very high, which would also require including special...
What is the proposal here? A mortgage with a guaranteed very low interest rate for the first 5 years, followed by a very high interest rate for the rest of the lifetime of the loan, with penalties built in to disincentivize paying extra in the...