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wezdog1 | 1 year ago

Where does the interest go

discuss

order

thrance|1 year ago

To the person that made the loan, to compensate them for the risk they took. No need for anyone to profit from the work of another forever.

sokoloff|1 year ago

That's the decision to be made by the farmer either selling equity or taking a loan.

From the perspective of the banker/lender, they're still living off someone else's labor (which is fine for me since it's the result of a voluntary exchange for something else of value, but it seems like it's not for some upthread posters).

loco5niner|1 year ago

So it's ok to rent out money but not rent out tractors?