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Today’s conservative admirers of the founders will probably denounce this bill as un-American socialism. At the time of the founding, however, most states had usury laws that capped the top interest rate for loans at 6 or 8 percent.
And as this piece shows, the Christian tradition that contemporary conservatives claim to honor has a long history of banning usury. aeon.co/essays/how-did…
I point this out not to imply that we should just do what people did in the past, but to illustrate that conservative appeals to “tradition” are always selective.
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