oops, guess that poll question range was too wide, not specific enough

[netmouse]

For those who answered (some form of) Yes, a certain loan interest rate seems excessively high, the majority responded that "too high " starts between 5 and 25 %, and I'd like to see a breakdown on that. Please answer this question too!

[Poll #1343223]

Comments

[dagibbs.livejournal.com]

I think that it would be hard to see the "benchmark" rate as usury, and that usury probably has to be defined relative to that benchmark. I have a certain trust that the "benchmark" is not wildly off the mark, but that may not always be the case -- I will hope it is the case in honest, relatively open, stable economies.

And, the benchmark is (supposed to be) high because inflation is high... and again, it comes back to defining against inflation.

And, yes... who measures it? Ok, the difference between 2.5% and 3.7% -- might be tricky, and have to trust. But the difference between 2% and 20% -- that's going to be noticeable to everyone who buys stuff.