Was doing a little thinking about interest.
In some ways, it just seems like a system of making the rich richer and the poor poorer. That is, if you’re rich enough to not have to touch your money, you get paid for having money. If you’re poor enough to need to borrow money, you end up paying back more than you borrowed.
I’m not starting a war on interest or any nonsense like that, just sharing some thoughts on it.
What do you guys think? Do you think interest is bad for the economy? Good for the economy? Could we function without it? Should we?