#money lending is both an absolutely essential service in an economy AND makes ppl angry | Explore Tumblr posts and blogs

stillwaterseas · 1 year ago

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saw one of those "paying ANY interest is theft" posts and my first thought is always "tell me you don't understand economics without telling me" but my SECOND thought was "ah, yes, the gut-level appeal of antisemitism"

#money lending is both an absolutely essential service in an economy AND makes ppl angry #bc the concept of paying for opportunity cost is nonintuitive #violent antisemitism certainly predated the role of jews as primary moneylenders in the european economy. but it certainly didn't help #ofc there are predatory lenders and debt can and does destroy ppl's lives. but the basic concept of interest is both fair and necessary

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