Thread - Hyper

"The most hated sort, and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural object of it. For money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth this is the most unnatural." - Aristotle #TheQuoteShelf #Bitcoin #ToChristAlone

Replies (2)

leadbyexample yesterday

What is your stance with respect to this quote? Because you know, with credit, it's not money that generates other money, even if that could be made as a silly conclusion, but actually it's forfeiting the immediate use of your money in the present, to postpone it into the future, that generates money. You are selling your restriction of immediate desires as a service.

Laser 🛡️ yesterday

↩ replying to leadbyexample

It is difficult to defend credit in our present moment, where credit money overshadows honest work to such a monstrous extent. I think credit money is usury. Loans of sound money have far less potential for evil. On face value it seems more prudent, modest, and reasonable.