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Effective interest rate is a pure
mathematical defined entity. The word interest of today stands for a mixture of
two kinds of costs. One is for paying the administrational and other work done,
the other part is paid to people or companies who owns money. This mixture
causes misunderstanding and it would be good if somebody created a short word
for "income or cost only due to ownership". Using such a new word will make it
easier to clarify what is going on within the economy.
- I suggest "patented money". Such a simple short
word is not used by media because it could focus
public attention on the usury-styled copyrights which benefit
authors who would write about it. But patented money hits the
point of "income or cost only due
to ownership".
Kristof
Levandovski |
Re: [socialcredit]
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