I still can’t find a reason why under fiat money, we charge interest on home, co

I still can’t find a reason why under fiat money, we charge interest on home, condo and apartments constructed and owned by individuals. As far as I know the private mortgage industry is entirely parasitic and is the primary driver of inflation.

I mean. That’s what it looks like, and I can’t find a competing argument.

The MMT folks are partly right.


Source date (UTC): 2014-11-03 07:44:00 UTC

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *