
103. Islamic Finance and Bitcoin with Safdar Alam
The Bitcoin Standard Podcast
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Interest Rate Lending Can Engage an Inflation
There's no such thing as a guaranteed return, because whatever it is that you're investing your money, and it can fail. So when banks are lending to people and giving telling people, we're gong to give you a five % return,. guaranteed, there's no way of meeting that. Unless you have some with a money printer behind you who's able to print money, or unless you're able to impound other people's property and then leave people homeless. And so ah, i i guess the kind of really controversial thing that i'm tring to arrive at here is that there might be a case to be made that interest is a phenomenon that exists when time preference is very
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