Post A5SLNflFY6YRCmcRpg by econengineer@bitcoinhackers.org
(DIR) More posts by econengineer@bitcoinhackers.org
(DIR) Post #A5SLEImZc7ORKdlnjU by judgedread@freespeechextremist.com
2021-03-22T03:53:05.238305Z
7 likes, 2 repeats
Perfect example of why I am not a libertarian:Usury should be banned and unconscionable outstanding loans forgiven.That includes all student loans and the national debt.
(DIR) Post #A5SLMNbDaYzmaVJJ5c by bungabeats@gameliberty.club
2021-03-22T03:56:02Z
2 likes, 1 repeats
@judgedread one could make an argument that ursury is aggression and therefore against the NAP.
(DIR) Post #A5SLNflFY6YRCmcRpg by econengineer@bitcoinhackers.org
2021-03-22T03:56:17Z
0 likes, 0 repeats
@judgedread Who said usury would exist in a free society?
(DIR) Post #A5SLXnkEiktGrUyVRQ by judgedread@freespeechextremist.com
2021-03-22T03:56:36.679037Z
2 likes, 0 repeats
@econengineer Why wouldn't it? Contracts are the very definition of the voluntarist society. A usurious loan can be agreed to by both parties unless the sovereign exists to forbid it.
(DIR) Post #A5SLbR5ctSgvkziGWG by judgedread@freespeechextremist.com
2021-03-22T03:57:16.093282Z
2 likes, 0 repeats
@bungabeats But then you're doing the same thing as the SJW libertarians who claim racial discrimination violates the NAP.
(DIR) Post #A5SLgFXFHRqnMwvWwS by bungabeats@gameliberty.club
2021-03-22T03:59:40Z
2 likes, 1 repeats
@judgedread I never said it was a good argument.
(DIR) Post #A5SLl6pl3kVXpWu45Q by econengineer@bitcoinhackers.org
2021-03-22T04:00:32Z
1 likes, 0 repeats
@judgedread I'll admit, my response was bait. It worked. But to my actual point: What you said in response is correct. However, in a free society usury "can" exist. Doesn't mean it will exist or will be everywhere. Also trend towards going away. But if the system allows for it to be banned (via governmental violence) then usury will always exist.
(DIR) Post #A5SM0r69KdXdf04w8e by judgedread@freespeechextremist.com
2021-03-22T04:01:51.729686Z
1 likes, 0 repeats
@econengineer In every culture where moneylenders could operate with no cap on interest rates there has been debt slavery. Observing furniture rental stores, payday loans, loan sharks, credit card fees and interest rates since SCOTUS removed the brakes and student loan slavery it is clear that the majority cannot handle the offer of free money now in exchange for slavery / indentured servitude later.It must be forbidden, just like recreational opioid sales.
(DIR) Post #A5SMCAoiMGiA0DJvQO by judgedread@freespeechextremist.com
2021-03-22T04:03:54.458782Z
0 likes, 0 repeats
@econengineer By the way, you get the block for snarking about baiting me.You have not earned the privilege of further interaction, and now it is ended forever.
(DIR) Post #A5SMFtY2VPd3bOIN0K by econengineer@bitcoinhackers.org
2021-03-22T04:06:06Z
0 likes, 0 repeats
@judgedread snowflake much?! this is a twitter clone you realize.
(DIR) Post #A5SMKEv2zSrt2e82iG by judgedread@freespeechextremist.com
2021-03-22T04:05:21.924238Z
1 likes, 0 repeats
@Eris I laughed.
(DIR) Post #A5SMtiKxbhCgPoAHtw by judgedread@freespeechextremist.com
2021-03-22T04:11:46.594910Z
1 likes, 1 repeats
@Eris Shine on, you crazy diamond
(DIR) Post #A5SNn0UNotbAdiwDVw by Secftblgirl@freespeechextremist.com
2021-03-22T04:21:46.165591Z
1 likes, 0 repeats
@judgedread @econengineer nah, who are you, or anybody for that matter to decide what's kool, right or appropriate for anyone other than yourself?
(DIR) Post #A5SRfXypog060isbvE by phagusX@liberdon.com
2021-03-22T05:06:46Z
0 likes, 0 repeats
@judgedread what determine 'unconscionable'? these times we can't trust people w/ power anymore
(DIR) Post #A5TKWrDUQCWUXmbUsy by judgedread@freespeechextremist.com
2021-03-22T15:19:56.821551Z
0 likes, 0 repeats
@phagusX The Emperor decides.
(DIR) Post #A5TKj4vHHuLUWnuejg by judgedread@freespeechextremist.com
2021-03-22T15:22:09.340309Z
1 likes, 0 repeats
@Secftblgirl By not regulating media we ended up being ruled by psychopaths with media power. Power cannot be eliminated, evil power can only be stopped with good power.As far as selecting quality men elections and wealth have proven very weak filters.
(DIR) Post #A5UKtE6PFWLSqKCq9Y by Countermeasures@freespeechextremist.com
2021-03-23T02:58:42.060520Z
1 likes, 0 repeats
@judgedreadOne of the interesting ideas regarding usury that one of the Catholics has pointed out (zippycatholic, RIP), is that the rate of interest is less critical than the *uncollateralized* nature of these loans. For example, with fully collateralized non-usurious loans, the borrower isn't on the hook for more than the collateral and thus is not exposed to indentured servitude / debt slavery.Basically, if there's any convoluted way in which the deal can end up with the enslavement of the borrower, it's evil and shouldn't be allowed.Ironically, the zero-trust nature of these "defi" crypto loans has necessitated that they be overcollateralized, and are thus significantly less evil in this sense.
(DIR) Post #A5ULZSiXIkPoKiBG3U by jeffcliff@shitposter.club
2021-03-23T03:07:54.470670Z
0 likes, 0 repeats
@Countermeasures @judgedread of course if only collateralized loans are allowed....this advantages capital over labour.getting a *1,000$* line of credit as a student was like pulling teeth. It took a huge struggle to get access to that loan, and i would have paid a much higher compound interest rate if it were available to get access to the creditNow I could probably get a 200,000$ loan. And sure, I'm a better bet...but I'm also not starving anymore and near homeless. The 'makes slavery' part happens before the loan happens, and as a kind of second order consequence