Houses, boats, cars, appliances, furniture, clothing etc – anything not entertainment is rent seeking. If we exchange zero interest for accelerated payments we dont disrupt the pricing system (rapidly) but we do rapidly make children affordable.
Source date (UTC): 2020-03-05 18:22:28 UTC
Original post: https://twitter.com/i/web/status/1235631783007395847
Reply addressees: @ekiekipatang
Replying to: https://twitter.com/i/web/status/1235631185516257293
IN REPLY TO:
Unknown author
@ekiekipatang Interest is necessary for temporal calculation of production, distribution and trade, but not for consumption. All end point interest, meaning consumer credit on capital purchases (durable goods) under fiat money(a fractional share in the economy) is rent seeking (prohibited).
Original post: https://x.com/i/web/status/1235631185516257293
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