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by triceratops
52 days ago
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> Low interest rates, freer moneylending, is "more usury"? In the ancient sense of the term, which this comment https://news.ycombinator.com/item?id=47880310 used, all moneylending is usury. More loans are approved and/or borrowers are approved for bigger loans in low interest rate environments. This leads to high house prices. Hence, the "more usury" comment that I wrote. In that one sentence I had the same ancient definition of usury in mind. I hope you don't believe low interest rates = expensive houses is something I made up. If you think I'm contradicting myself sure go on. I find it easy to hold two definitions of a word in my head and use the correct one in the right context. But I understand that not everyone can and some may find it confusing. |
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