Post
Topic
Board Economics
Re: Interest rates in a deflationary currency
by
malditonuke
on 04/06/2013, 21:15:07 UTC
Well on this thread you're the one banging on the pulpit.

I never said I wasn't, it's myrkul who needs to defend this absurd claim that the rest of 'you' and 'Austrians' broadly are not operating out of a moralistic framework that rationalizes usury by defining the lender as morally virtuous and the borrower as morally flawed.

Economics is value-free.  Borrowers are not "bad" and savers are not "good".  If you want to argue about "usury", do it in the religious section.
This.

Politics would be another appropriate area for debating usury.  Most of the Austrians that he refers to are probably also libertarians, which would justify his confusion.

I could totally see libertarians arguing that saving is good (especially when the discussion involves government).