And that means it’s a scam today how exactly? The Bible was pretty explicitly against a lot of things. Are they scams? Is wearing two different fabrics a scam? Is eating shellfish a scam?
Providing someone else money for a time to use for whatever purpose they desire is of no value? I think that literally most every person on the planet would disagree with you. Are you saying you’ve never borrowed money for anything, ever?
Compound interest
In what way is compound interest a scam? Who has been “scammed” by compound interest and how?
For most of history charging interest was considered very unethical. There’s even a derogatory term for it: usury.
It’s a rather recent phenomenon that usury has become acceptable.
Yep. The one time Jesus got violent in the Bible, it was against the money lenders.
And that means it’s a scam today how exactly? The Bible was pretty explicitly against a lot of things. Are they scams? Is wearing two different fabrics a scam? Is eating shellfish a scam?
Ok, but its archaic status as immoral does not make it a “scam” today.
It’s a scam because it’s literally free money for the lender. They do no work, they generate no value, but they still get paid.
Providing someone else money for a time to use for whatever purpose they desire is of no value? I think that literally most every person on the planet would disagree with you. Are you saying you’ve never borrowed money for anything, ever?