She said she said
Posted Apr 11, 2011 20:28 UTC (Mon) by giraffedata
In reply to: She said she said
Parent article: Powering down APM
It's the reason you have to pay interest on a loan.
Actually it's not a reason but rather a bait.
Bait is something that leads someone into a trap -- i.e. misleads the person into doing something he doesn't want to do. What bait are you talking about?
I can assure you that the reason I won't lend you money unless you pay me interest is that I value time. I would have to delay my enjoyment of the things I would spend that money on, and I won't do that voluntarily without compensation. No trap, no bait.
I have long wanted to study ancient usury laws, because if they are what they seem to be, it's hard to imagine people wanting them.
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