May 18, 2010

Thoughts of/on Interest

Positive View

By influencing the distribution of rewards in society, compound interest selectively confers power on those who are capable of postponing gratification.  Compound interest favors people who take the long view (Hardin).

Negative View

Usury is the derivation of profit from biological time, which is linked to life, considered sacred, God-given and divine, leading to excessive worrying about money instead of God, thus subjugating a God-given sanctity of life to man-made artificial notions of material wealth (Wikipedia).

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