10 points
In what way is compound interest a scam? Who has been “scammed” by compound interest and how?
10 points
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.
11 points
Yep. The one time Jesus got violent in the Bible, it was against the money lenders.
0 points
1 point
1 point
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.
