The No Treason Podcast Ep. 46: Usury Laws and Institutional Poverty
Jonathan Drake opens up about quitting his job before diving into Proposition 3 and the meaty Proposition 4 of Spooner's poverty essay, where the real target becomes usury laws. His case is that capping interest rates does not protect borrowers, it locks the very people who need capital most out of the market entirely, funneling wealth into fewer hands and trapping everyone else in generational wage labor. Expect a memorable HOA bedtime analogy, a neighborhood lawnmower rental thought experiment, and a sharp distinction between legitimate risk pricing and third party price fixing. Jon also…
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