Well, then, now you see the true crisis we are facing.
Who in their right minds will write a contract and get paid back with something that is worth less?
And such must ALWAYS happen in a system that is interest based. We were warned against usury a long, long time ago.
Putting it in terms of a contract of sale--someone who believes that the value of the money they receive in the future (including interest) will be more than the present value of the product they sell.
Nay, not so. The interest I pay is my cost for immediate use of the money or what it buys. If I can make payments I could save the money and buy later but an interest bearing loan allows me to buy now. For the lender the interest rec’d is his payment for deferring his use of the money he loans me. Each of us has made a decision we think is beneficial to ourselves. One of us might be wrong but that’s what “look before you leap” and other such cliche’s mean. Do you understand?