Neither mortgages or trade businesses will be negatively effected by banning usury. Mortgages have recourse to the mortgaged property, while businesses have recourse to the business and its assets. Banning usury will primarily effect consumptive loans.https://twitter.com/MorlockP/status/994676768522014730 …
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Let's say I've got $100,000.
X wants a mortgage.
...but @FreeNortherner is POTUS and declares that if I have recourse to the property I can't take any interest.
Why should I POSSIBLY want to loan out my $100k instead of keeping it safe?https://twitter.com/FreeNortherner/status/994677343951183873 …
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22/ I wasn't addressing you, I was addressing
@FreeNortherner who explicitly said that charging interest on loans secured by property IS usury.https://twitter.com/ded_ruckus/status/994677626768842752 … -
eh? both the tweet and the linked article say the opposite of that, by my reading. secured by property is fine, full-recourse is bad.
End of conversation
New conversation -
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