tag:blogger.com,1999:blog-8094979.post1031523862826117116..comments2023-06-23T07:38:57.177-07:00Comments on Critical Mastiff: Usury and the Conundrums of a Modern-Day Sabbatical YearMastiffhttp://www.blogger.com/profile/08009663221665718199noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8094979.post-27660669906703897802015-11-06T05:59:02.792-08:002015-11-06T05:59:02.792-08:00Indeed, but interest also builds in a risk premium...Indeed, but interest also builds in a risk premium to cover losses. The upshot is that the highest interest rates are charged to those least able to pay--a perverse outcome. Mastiffhttps://www.blogger.com/profile/08009663221665718199noreply@blogger.comtag:blogger.com,1999:blog-8094979.post-51590477454401286802015-11-05T19:12:50.747-08:002015-11-05T19:12:50.747-08:00It all goes back to the Popeye Principal: Wimpy wo...It all goes back to the Popeye Principal: Wimpy would want a hamburger today and pay for it tomorrow. I am not going to comment on whether interest is "usury", but to some extent interest is to make up for the present use of money that is going to be paid back later. Frederick Bastiat did a good job on this. Anonymousnoreply@blogger.com