Banking Without Usury: A Thought Experiment (Ep.111)
From Irida TV
In a financial system where we have a banking system that generates money out of nothing, what is the purpose of borrowers paying any interest at all? What is the societal purpose of banks to begin with? If usury is wrong at any level, even at a 1% interest, how could we have a banking… […]
Jul 22nd 2023 11:35am EDT
Source Link: https://irida.tv/economics/banking-without-usury-a-thought-experiment-ep-111/
Internet Archive Link: https://web.archive.org/web/20230722154900/https://irida.tv/economics/banking-without-usury-a-thought-experiment-ep-111/
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2023-07-22 15:51:14 UTC
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2023-07-22 15:51:14 UTCEvent JSON
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"content": "Banking Without Usury: A Thought Experiment (Ep.111)\n\nFrom Irida TV\n\nIn a financial system where we have a banking system that generates money out of nothing, what is the purpose of borrowers paying any interest at all? What is the societal purpose of banks to begin with? If usury is wrong at any level, even at a 1% interest, how could we have a banking… […]\n\nJul 22nd 2023 11:35am EDT\n\nSource Link: https://irida.tv/economics/banking-without-usury-a-thought-experiment-ep-111/\n\nInternet Archive Link: https://web.archive.org/web/20230722154900/https://irida.tv/economics/banking-without-usury-a-thought-experiment-ep-111/\n\nShare, promote \u0026 comment with Nostr: https://dissentwatch.com/boost/?noback=1\u0026boost_post_id=585419",
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