• Rich Aten@lemmy.worldEnglish
      122·
      11 months ago

      In what way is compound interest a scam? Who has been “scammed” by compound interest and how?

      • Rodeo@lemmy.ca
        133·
        11 months ago

        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.