The No Treason Podcast Ep. 48: Usury Laws and the Fruits of Your Labor
Jonathan Drake wraps up Proposition 4 of Spooner's poverty essay with a thought experiment that turns 1840s dollars into numbers modern listeners can actually feel. Person A borrows at 6% and hires Person B, while Person B, locked out of credit, watches the profit walk away with someone else. Jon then asks why governments can't regulate religion but can regulate financial contracts, using an image of guards posted at your gate. Along the way expect a real world banking headache involving Bitcoin, a general contractor model that lets every tradesman keep the full fruits of his labor, and a…
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