@simplic10 because of the concept of fiat, perhaps?
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Replying to @MitchDokken
@MitchDokken I think the confusions are conceptually prior to any talk of fiat, inflation, etc. More basic than that.1 reply 0 retweets 1 like -
Replying to @simplic10
@MitchDokken E.g., ancient hatred of usury, despite fact that lending at no interest is a loss to the lender.2 replies 0 retweets 1 like -
Replying to @simplic10
@simplic10@MitchDokken "there is no royal road here. non-usury and economic efficiency, two values. potential tradeoff between them."1 reply 0 retweets 2 likes -
Replying to @GapOfGods
@tipsfromkatee@MitchDokken Wow, that's the long troll. :)2 replies 0 retweets 1 like -
Replying to @simplic10
@tipsfromkatee@MitchDokken I don't think people value "non-usury" terminally though. They are just framing it wrong.1 reply 0 retweets 1 like -
Replying to @simplic10
@simplic10@MitchDokken what's the relevant difference between usury and unfairness?1 reply 0 retweets 2 likes -
Replying to @GapOfGods
@tipsfromkatee@MitchDokken Non-usurious lending is unfair. Borrowing at no interest is taking something for nothing.2 replies 0 retweets 1 like -
Replying to @simplic10
@tipsfromkatee@MitchDokken Lender is deprived of use value of money for time period T, not compensated.1 reply 0 retweets 1 like -
Replying to @simplic10
@tipsfromkatee@MitchDokken Equivalent to my stealing your car for a week, then giving it back unharmed.1 reply 0 retweets 1 like
@simplic10 @MitchDokken you mean "borrowing"
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Replying to @GapOfGods
@tipsfromkatee@MitchDokken Among friends, sure. Borrowing/lending to friends/family at no interest is doing them a favour.0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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