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Ahsen Mukhtiar

Student & Researcher,

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Can we live without compounding interest rate?

It is an established fact that interest is oppressive in any form to anyone. Individual debtor or government all have to suffer. I am not an expert but to me it seems to be a vicious trap. Compounding rate are always on the rise increasing debt many folds in no time. Some would say that same compounding applies to savings account then why its bad? but time value of money shows that currency depreciates more quickly than other specially in Debt seeking countries.

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    Sep 2 2013: Yes, we can.


    PS: Ignore this krisztian guy he is a hopeless troll at his best.
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      Sep 3 2013: Krisztian is not a troll. He knows quite a bit about economics and sometimes, I think, gets impatient while explaining it.

      He has a point of view and background that can add value to threads with an economic dimension to them. I interpret his posts typically as trying to get across a point of view that is often unfamiliar.

      We can learn a lot from each other in a diverse community if we can get used to the different ways people express themselves.
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        Sep 3 2013: Yeah, he gets personal with other posters in his 1st reply, that is some impatience, innit? we call that trolling here where I live.

        I don't care how he expresses, but calling other people 'not open minded' is insulting.
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        Sep 3 2013: i would say that "sometimes" is far from accurate. always.
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          Sep 3 2013: Fine. I was expressing only my impression from how your posts read to me. It bothers me when people label productive members of the community as trolls. I know you don't speak with great attention to tact, but that is not the same to me as trolling.

          I think of a troll as someone who is mostly interested in persistently disrupting productive discourse on a venue, typically for his own pleasure.
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        Sep 3 2013: actually thanks for the support. we agree on the definition of troll, and it would be stupid of me to claim any form of tact on my part :)

        (i'm supportive of those that search for answers though. i just can't stand people that claim to have the answers, but they bring misinformation only. it gets on my nerves. like "It is an established fact that interest is oppressive".)
        • W T 100+

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          Sep 3 2013: Perhaps if you kept a small container of chocolates by your computer you would use more tact?

          Just a thought :D
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          Sep 3 2013: Come on Mr Krisztian .... It would be much more humble to get your view in line with majority of Population of the world (As they follow major religions like Islam or Christianity) These two major religions which supports my statement "It is an established fact that interest is oppressive" and don't get distracted by my young :P
          Now i wont enlist links for Usury and its prohibition in Christianity because again this would make you name theists as Narrow minded.
          Dear I value your views but why cant they appeal me because the more i got for its favor the more i have bear its (interest) bitter flavor.
          I hope your quest to convince majority about wonders of Interest particularly compounding interest would require a hectic workout.
          Best of Luck and don't take anything personal. We are here to share and learn from each other.
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        Sep 3 2013: mary, definitely, but it would also hurt my belly circumference, and it is already getting problematic!
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      Sep 3 2013: Mr Kareem .. I am also of the view and If some one blasts out the notion just on the Religious grounds then their intellect and vision is a question mark. Initially i quoted negation from Islamic perspective with links for my claim because i am Muslim. Now Christianity seconds view on usury of Islam. Some people don't follow these two religions and they are distincting themselves from majority.
      So who stands alone and confines thoughts ..... Majority or distinctive minority.
      Take your Pick and correct me if i am wrong.

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