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Monetary Commentary by Illiad2009-08-24 13:35:43
  Usury is not in itself parasitic. You get what you by adiplomat 2009-08-24 13:57:04
pay for. In this case, money which you can use to build with. It's the USE of indebtedness which is "bad" or "good". Without certain types of indebtedness, there could be little economic growth. Most people and small organizations would never be able to amass needed growth capital without indebtedness.

The comment listed above appears to betray an animus and bias against debt and debt-service organizations (banks, loan companies, etc.). "Credit cycle" is no more of an euphemism than "debt creation cycle". Both are applicable in proper usage.

All things in their places. The current situation is an example of misuse of perfectly legitimate practices, not "EVUL BAD!!!" people. (The comment referenced seems to me to be using $100.00 words to say what I said above using nickel language. :+))
[ Reply ]
    Usury is not mere debt by esbita2009-08-24 14:30:57
      Usury is simply the lending of money at interest. by adiplomat2009-08-24 14:45:11
        That was unclear. "All lending was usurious" by adiplomat2009-08-24 14:59:35
          She qualified it: by esbita2009-08-24 15:04:23
            Or business supplies, etc. etc... by adiplomat2009-08-24 15:22:04
              Obviously... by esbita2009-08-24 16:05:54
    Critical quote there: by hobbs2009-08-24 15:14:23
      Re: payroll borrowing. by theymustbidiots2009-08-24 15:24:40
        I was going to throw an example in there by hobbs2009-08-24 15:57:04

 

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