Interest Rates, State Usury Laws, and the Federal Government: What went wrong?

Blackstone’s Commentaries on the Laws of England says that “ When money is lent on a contract to receive not only the principal sum again, but also an increase by way of compensation for the use, the increase is called interest by those who think it lawful, and usury by those who do not.”

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Posted on Thursday, May 1, 2008 at 03:31PM by Registered Commenter[bankruptcy-ink] | Comments2 Comments
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