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Why Lending Money (at Interest) Is Not Usury in the Modern World

In contrast to an ancient agrarian economy, the developing economy presented many risks and costs for lenders, and the idea of what was fair and just in money lending had to change. Full story here Are you the author?
Ryan McMaken
Ryan McMaken is the editor of Mises Wire and The Austrian. Send him your article submissions, but read article guidelines first. (Contact: email; twitter.) Ryan has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.
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