> be me, non retard > always hear people complain about interest rates > "interest is stealing my money!" > "why do i have to pay more than what i borrowed?!" > be like, time to drop some knowledge bombs > start with car rental analogy > "you rent a car, you pay a fee, right?" > everyone nods > "so, you're paying for the time you have the car, right?" > more nodding > interest is like that, but for money > you borrow $1000, you pay interest to have the pleasure of using someone else's money > just like how you pay to use someone else's car > lightbulbs go off, people start to get it > go deeper > "money is a good like anything else" > you want bread, you pay for it > you want someone's time, you pay for it > you want money, you also pay for it > it's all the same economic principle > bring it home > if you borrow and pay back right away, you pay less interest > just like returning a rental car early > the longer you keep it, the more you pay > people start to understand > interest isn't evil > it's just the cost of using something that isn't yours > feelgoodman.jpg > maybe the world is a bit more economically literate now > one greentext at a time > end of story > micdrop.gif
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