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Re:What the world will be like in a hundred years (1922) by imtringued on Friday January 07, 2022 @04:18PM (#29844976)
If that is your reasoning then consider barter vs money exchange.

With money one party has to borrow it first and pay interest. With barter nobody is paying interest. The money lender is clearly abusing his "authority" over money by excluding it from the economy. He uses that power to charge interest and thereby render economic activity that can only cover its own costs unprofitable.

Here is an example. I sell you an apple for $1 and you sell me a banana for $1. We are both better off because I like bananas you like apples. However, if I had to borrow the money first from a bank with interest, then the trade would not be profitable. This is the real source of unemployment. Artificial minimum profitability.

Re:What the world will be like in a hundred years (1922) by thegrimmest on Saturday January 08, 2022 @12:05AM (#29848792)
Well, none of this has anything to do with liberty until some force is used. What happens if you just fail to pay the money lender? If he can imprison or enslave you then you're absolutely right. If all he can do is spread the word that you're not likely to repay your loans then it's not a matter of liberty.

Money is just cut paper, a convenient medium of exchange. If you have bad credit, your liberty is not in danger. The only thing in jeopardy is the willingness of others to cooperate/transact with you. Since they don't owe you anything to begin with, the point is moot.