Many historians attribute the origins of simple lending to a time-frame about 5000 years ago. Likely measures of grain were loaned, to be repaid with equivalent measures of grain. Community survival prospects were likely enhanced, among the people creating Western Civilization. Then, within 200 years, the interest rate phenomenon happened. Famous "Usury" was being recorded, along with rules about it.
Old Testament regarded as history notes that Moses was born Jewish, then Imperialist raised and educated. New Testament Acts 7 repeats the historical data. Egypt was imperial, not so-called "Imperialist" at the time. Moses would go on to become world famous. For one thing, the peoples he led around aimlessly had literate scholar-level writers among them. Deut 23: 19-20, would better be said to expose the Deity-Fetish of Moses, in a certain re-phrasing.
"Jews, For God's sake(?), Don't gouge and screw the in-laws!" Don't charge other Jews usury. Next, "Jews, For God's Sake: Gouge and Screw everyone else instead!" Among the foreign, charge usury.
The more Hellenistic tradition of New Testament would record Matt 20: 1-16. Regardless if labor had worked all the day or not, an equal amount daily Living Wage was paid them all. The people working longest are recorded to have being felt cheated. All people working could participate however they wished in the daily life marketplace. Matt 25 14-30, however reports about arithmetic, without so-stating. Five Talents gets other five talents, two another two, and one gets tossed completely out of the community.
Two thirds of the community remain, 1/3 no longer in the marketplace.
Koran bans wealth from "Riba," but not consensual profit rates--maybe to be based in the old British LIBOR(?). The arithemetic is still regarded holy. Adam Smith in fact proposed government intervention in the marketplace, regulated usury, interest rates. Karl Marx proposed Centralized Usury, Credit, in the "Manifesto." Keynes was famously adoring of usury, interest rate based economics. Milton Friedman would advocate for a national Cost-of-Living Adjustment, usury indexed. U.S. Federal Reserve is tinkering with interest rates. The poor were abandoned before. The idea is to get them killed off in a Recession. After that the Rich remain rewarded with pricey investments.
Effectively, Deity-Concepts aside: They all do it, going back millenia.
"Crow, James Crow: Shaken, Not Stirred."
(See! They All Do It!)
Old Testament regarded as history notes that Moses was born Jewish, then Imperialist raised and educated. New Testament Acts 7 repeats the historical data. Egypt was imperial, not so-called "Imperialist" at the time. Moses would go on to become world famous. For one thing, the peoples he led around aimlessly had literate scholar-level writers among them. Deut 23: 19-20, would better be said to expose the Deity-Fetish of Moses, in a certain re-phrasing.
"Jews, For God's sake(?), Don't gouge and screw the in-laws!" Don't charge other Jews usury. Next, "Jews, For God's Sake: Gouge and Screw everyone else instead!" Among the foreign, charge usury.
The more Hellenistic tradition of New Testament would record Matt 20: 1-16. Regardless if labor had worked all the day or not, an equal amount daily Living Wage was paid them all. The people working longest are recorded to have being felt cheated. All people working could participate however they wished in the daily life marketplace. Matt 25 14-30, however reports about arithmetic, without so-stating. Five Talents gets other five talents, two another two, and one gets tossed completely out of the community.
Two thirds of the community remain, 1/3 no longer in the marketplace.
Koran bans wealth from "Riba," but not consensual profit rates--maybe to be based in the old British LIBOR(?). The arithemetic is still regarded holy. Adam Smith in fact proposed government intervention in the marketplace, regulated usury, interest rates. Karl Marx proposed Centralized Usury, Credit, in the "Manifesto." Keynes was famously adoring of usury, interest rate based economics. Milton Friedman would advocate for a national Cost-of-Living Adjustment, usury indexed. U.S. Federal Reserve is tinkering with interest rates. The poor were abandoned before. The idea is to get them killed off in a Recession. After that the Rich remain rewarded with pricey investments.
Effectively, Deity-Concepts aside: They all do it, going back millenia.
"Crow, James Crow: Shaken, Not Stirred."
(See! They All Do It!)