Haunting message of forced labor....
#17
(12-26-2012, 05:34 PM)Heinrich Wrote: What are Woods views on usury?

Well, I'd have to know what you define as usury...

But this article addresses some of the issues typically associated with interest:

http://mises.org/misesreview_detail.aspx?control=291

Keep in mind, money is not what is was.

If I give you 5 dollars today, it's not worth the 5 dollars I gave you today in a year-- even if you pay back 5 dollars in a year at 0% interest, you're basically paying back that principal minus inflation: In effect, I'm being charged interest to loan you money. How, exactly, is that moral? To charge interest isn't usury per se, across the board.

I am not necessarily saying I'm a Woods fan, but I'm not a fan of incorrect understandings of concepts either.
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Messages In This Thread
Haunting message of forced labor.... - by Dino - 12-26-2012, 04:58 AM
Re: Haunting message of forced labor.... - by SMKMI - 12-26-2012, 08:24 PM
Re: Haunting message of forced labor.... - by Meg - 12-28-2012, 01:07 PM



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