You'd incentivize lending how? Or is the very idea that someone else could make better immediate usage of your assets to be outlawed?
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Replying to @Thesokorus @Outsideness
Are you against renting (flat fee) in general (all service providers shall be compensated in stock or profit-share)? Flat fee rents are very good information compressors that drastically reduce complexity, making otherwise intractable decisions calculable .
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Replying to @Thesokorus @Outsideness
Ok. How is leasing capital equipment for a flat fee (as opposed to a percentage of profit) productive, but leasing capital (money) for a flat fee is non-productive?
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Seems to me that in both cases the borrower doesn't want to deal with the overhead of managing capital, and flat fee just reduces complexity (at the cost of allowing risk asymmetry).
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Replying to @Thesokorus @JimmyTrussels
Interest rates, under free commercial conditions, discover the price of time-preference. It's not really the sort of information that can be abolished. ...
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... Of course, high time-preference people get into trouble with "usury" -- just as they get into trouble with everything else.
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