It’s not about the interest rate. It’s the availability of loans for unproductive purposes on a societal level. It raises the price even if you choose not to partake in said loans.
When the money being lended is digital and not backed by anything it’s even worse.
You said "usury", which is a word that describes loaning money at an exorbitant interest rate. So it's no surprise GP thought you were talking about interest rates.
(Yes, I know "usury" has had other meanings, but this is the current, common definition, and if you're going to use a word in a way that's uncommon, you should be prepared for confusion.)
So in the USA in 2026, any interest rates or fees that are not illegal, are not exorbitant? And any loan or credit that is not illegal is not usury? That is obviously not the working definition for other commenters here.
If illegal loans have financed our cars, education, and homes, then where are all the criminal prosecutions? Where are the lawsuits to recover the exorbitant rates? Was it consumers taking these illegal loans? Or was it the established banks, negotiating illegal and exorbitant rates with criminals? Is that why banks fail, or are "too big to fail", because we are reluctant to expose their criminal activity?
We heard of people "walking away" from their home loans during the 2008 recession; it's difficult to walk with broken kneecaps! We heard that their loans were "underwater", but we didn't realize they were "sleeping with the fishes"!
> That is obviously not the working definition for other commenters here.
If you've read the other comments I don't understand why you're still confused.
https://news.ycombinator.com/item?id=47882360 pointed the finger at the general practice of moneylending, known for most of history as "usury", for high housing prices. This is broadly true - lower interest rates equal high prices.
Others thought they meant modern usury, which is lending money at higher than the legal maximum interest rate.
That's obviously not true. Camera evidence is used as evidence of crimes all the time. Security cameras would be utterly worthless if they couldn't.
Right to face your accuser in that context means that you have the right to cross-examine relevant witnesses about how that camera evidence was collected and applied.
Regardless of what the Trump administration will tell you, that's not it's name. The executive branch is not empowered to unilaterally change the name of a department.
As a Russian emigrant, I feel this whole war is a severe case of déjà vu. It's as if the US government is going through a stolen Russian playbook, appropriating everything.
"Special operation"? Check. "$EnemyCapital in 3 days"? Check. "We haven't even started yet"? Check. "Goodwill gestures"? Check.
(It's actually a common joke on the Russian Internet. So common, in fact, that it has already stopped being funny.)
The president isn't empowered to declare war, but as Commander in Chief he is empowered to send the military anywhere he wants and start whatever "conflict" he wants, for whatever reason he wants, including no reason whatsoever. After which Congress can retroactively declare it a war if they so choose. But the US hasn't fought a declared war since WW2, because declarations of war don't really mean anything when the missiles have already been fired and the bombs have already been dropped.
I hate Trump as much as anyone with a moral core should, but the President's capacity for creating arbitrary military violence and expenditure has always been unchecked.
If that’s true, that’s insane. Forgive me, I’m not a PolSci scholar. Nobody in the cabinet can speak up and overrule his whimsy? It always annoys me when the headlines are “Trump invaded this …” or “Trump slapped a tariff on…” while effectively it’s the US government that’s doing that, they are letting him to do as he pleases? Then the fault lies not with him. He’s not a king but surely seems to have absolute discretion if you believe the headlines.
There was a widespread belief that U.S. government has an elaborate system of checks and balances but it was not evidence-based. Kind of Flat Earth period of American political science.
The checks and balance are between the 3 branches of government. If congress wanted to stop the war, they could. If the supreme court wanted to hand the power to start wars back to congress they could.
Just because they don't, doesn't mean they aren't able. The real flat earth theory is thinking that unwritten rules and institutions were protected from a president that insists on pulling every lever of power at once, but that's separate from the checks and balances.
If one person in executive position is able to effectively override the nation's rules and institutions it sounds awfully close to saying there are no checks and balances.
Its because the president used to have a modicum of respect for the house and the Senate.
So the president did have the sole right to send military anywhere on the planet and even launch nukes without any need for congressional permission. This is by design. But the other presidents were a bit less crazy so we never noticed.
The system relies on people acting in good faith. It is impossible to make a constitution that can deal with people at all levels of power not acting in good faith.
In this case, Congress has completely abdicated their duties.
No it doesn’t. Checks and balances is explicitly setting branches against each other because it is assumed everyone is a greedy abusive MF’er only out for their own benefit.
The challenge is all 3 branches are owned by the same group right now.
> Nobody in the cabinet can speak up and overrule his whimsy?
Who will be overruling that "someone in the cabinet", when things start going the wrong way again? There is always someone on top, and in the US it's the sitting President.
This is simply not true and it's disappointing fear-mongering from Vice (or anyone else who publishes this stuff). The reason you know it's true is because Trump doesn't care about precedent, yet in court case after court case that he or his administration lose they follow the law, even if it is imperfect or later attempted to be argued under a different standing.
The same thing that is true for Donald Trump now was true for pretty much all past presidents. Nothing has meaningfully changed here, yet we did not have these same articles before, nor did we have folks who are so caught up in political fervor that they are happy to go along with any ole' article or reporting that aligns with their current beliefs.
In other words, articles like those are click-bait, and their sole intention or at least their effect is to cause chaos and doubt in the American government.
> The only thing stopping US presidents from acting like kings is precedent.
Now if we're talking reality, the realty is that new precedents were set (president acting like a king) which revealed that there are not effective legal checks on US presidents acting like kings (or else we would not have a president acting like a king).
Sorry, I just don't agree with your assessment. Anyone can just say "well so and so is acting like a king or queen". Trump, as despicable and annoying as he is certainly says a lot, but he's not doing anything from what I can tell that isn't at least poorly argued that he has a right or legal justification for doing. A king or queen needs no such justification, and if one is going through the motions and being forced to respect the law (again there are shades of gray here) than there is no "acting like a king".
But if your focus is on whatever he tweets and therefore he acts like a king, sure. Whatever. I mostly care about what actually happens, actual policy, actual laws and rules, not the theater around it which so many seem to want to indulge in instead of watching reality TV.
Sure they do! Take the king that the US's predecessor governments rebelled against, King George III. He was very much bound to the dictates of Parliament. From his Wikipedia article:
> Meanwhile, George had become exasperated at Grenville's attempts to reduce the King's prerogatives, and tried, unsuccessfully, to persuade William Pitt the Elder to accept the office of prime minister.[45]
Does this sound like something that would be said of an absolute monarch?
Donald Trump is also bound by the dictates of Congress and the courts. If that’s your criteria as to who is “acting like a king” and your reference is yet another king who is constrained by the Congress and Courts, I’m not really sure what point your trying to make here.
He isn’t a king nor does he act like one in the office of the President precisely because he is following the law (generally speaking, I don’t think it’s pertinent to get into specific details else we get into those same details with all presidents) and because he is constrained by Congress.
Your argument just makes “king” George out to be constrained in the way a president is. It’s a bad argument. Don’t let the reality TV fool you.
> Your argument just makes “king” George out to be constrained in the way a president is.
Your placing of King in quotes is bizarre. Like, you see a resemblance between the current president and an actual king, and your takeaway is to try to retcon history and claim the king was not a king?
Your argument that someone can't act like a king unless they're breaking laws is a bad argument (and ignores the fact that this one is doing both). Don't let your reality tv fool you.
If that's your criteria as to who is "not acting like a king", I’m not really sure what point you're trying to make here.
> Like, you see a resemblance between the current president and an actual king
No, I don't. An actual king isn't constrained by checks and balances, or the law, for the most part. You're just adjusting the definition of king here to fit your argument.
For example, you refer to King George being stymied or frustrated by some act of Parliament. Is he a king or president? Our president today (and since the founding of America) is similarly stymied and frustrated by some act of Congress. Are the presidents kings or are the kings presidents?
It seems like people are so hung up on the Twitter reality TV sports of politics that they've forgotten what a king is.
> An actual king isn't constrained by checks and balances, or the law, for the most part.
This is demonstrably false: King George, who was an "actual king", was constrained by some checks and balances, yet he was still a king. We know that much is correct. Therefore your personal definition here must be what is incorrect. And indeed, it is. You're just adjusting the definition of king here to fit your argument.
It seems like people are so hung up on the Twitter reality TV sports of politics that they've forgotten what a king is.
Ok then all presidents were acting as kings or King George was just acting more like a president.
> It seems like people are so hung up on the Twitter reality TV sports of politics that they've forgotten what a king is.
Yes I agree that you are doing that here. And now you've reached the point to where you're shifting definitions and cherry-picking various historic world leaders to draw inane conclusions and comparisons.
> Ok then all presidents were acting as kings or King George was just acting more like a president.
You're confusing how someone acts with which laws they are subject to, and as a result, you've been reduced to inane wordplay as your only argument.
Previously, even though a US president theoretically had the power to act like a king, they have mostly maintained a precedent of not doing so*.
Now, a new precedent has been set: A president acting like a king*.
Hope that clears things up.
* - I realize you may personally disagree with this. That's okay. I'm open to hearing arguments otherwise, but the ones you've put forth so far were unsuccessful at swaying people from the consensus stated above.
Sorry, but I just can't agree with your assessment:
> Anyone can just say "well so and so is acting like a king or queen".
This does not mean that anytime someone says it, it is false. If many folks are saying a thing, there is more evidence of it being true than if "anyone" says it. The consensus here seems to be that the current USA president is acting like a king. To alter the consensus, make a successful argument to that effect.
To wit:
- "He has refused his Assent to Laws, the most wholesome and necessary for the public good."
- "He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance."
- "He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures."
- "He has affected to render the Military independent of and superior to the Civil power."
- "For Quartering large bodies of armed troops among us"
- "For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States"
- "For cutting off our Trade with all parts of the world"
- "For imposing Taxes on us without our Consent"
- "For depriving us in many cases, of the benefits of Trial by Jury"
- "For transporting us beyond Seas to be tried for pretended offences"
For someone in the USA, some of this might ring a historical bell.
> This does not mean that anytime someone says it, it is false.
You're right, it doesn't mean that. But it belittles the accusation. Folks sometimes refer to their children as little tyrants. Conservatives would say Obama or Biden were acting like kings issuing edicts.
If you want to argue about this because you're interested in the mudslinging, that's fine but that's a separate discussion: a discussion about reality TV, not reality in offices of the government.
> The consensus here seems to be that the current USA president is acting like a king.
Current consensus is usually wrong, doubly so in this case. He might tweet a bunch of things, yet he's still constrained by the rule of law and the Congress, and the Court.
>> This does not mean that anytime someone says it, it is false.
> You're right, it doesn't mean that. But it belittles the accusation.
Does it? I don't think so. Like we should refrain from ever saying it when it is appropriate, because there will always exist at least 1 person in the world who disagrees and thus the accusation is belittled in their eyes alone? Pass.
> Conservatives would say Obama or Biden were acting like kings issuing edicts.
Sure, and they can say whatever they want! It's not like people would agree with them if they said it, unlike in this example, in which they would.
> Current consensus is usually wrong
This nonsense sounds like a slogan of somebody who is usually both wrong and against consensus.
> yet he's still constrained by the rule of law and the Congress, and the Court
Yep, totally irrelevant, as we've already covered: someone being theoretically "constrained by the rule of law and the Congress, and the Court" does not mean "cannot act like a king", as we've now seen.
This is demonstrably false. In the case of removing migrants, the court ordered the practice halt and flights get turned around. The court also found evidence of contempt from the federal government due to noncompliance, although another appeals court stopped the contempt investigation.
In the Kiyemba decision, the court identified a pattern of 96 violations across 75 or so cases. Detainees were held despite release orders
In family separation cases, courts have required legal representation reinstated and the government refused to comply.
In the case of NY vs Trump, courts ordered funds to be unfrozen and the administration refused to comply.
I'm not trying to be pedantic, but can you cite the specific court cases or provide an up to date article discussing them so we have somewhere to start? The reason I am asking for this (and no worries if you don't want to dig any of this up) is because each case has specific nuance that is worthy of discussion, and in some cases (pardon the pun) the court order wasn't the final say pending appeal or actual Constitutional authority arguments were pending or legitimate.
Separately, if you want to claim that the Trump Administration is acting like a king because they've refused to comply with a single court case, then of course you have to extend that same categorization to any president who has ignored or circumvented a court order. But why stop there? Why not governors or private persons? Why do some have the luxury of seemingly ignoring Congressional subpoenas?
The Trump Administration has also lost quite a number of court cases and he has failed to prosecute his political enemies. If he were a king he would be ignoring much more than just a few court orders, folks would be in jail, &c.
The rate is different but at the end of the day they still go through the process and when his administration loses cases they just shut up and lose the case. You mostly don't hear about the, I believe hundreds, of cases that the administration has lost. As long as they follow the rule of law (obviously there are at times gray areas and he is expert at identifying and challenging those) I'm not too concerned. Again the media just whips people up into a fervor because it's really good advertising business.
Why would you think it’s not that way? Virtually all of the power of the executive branch of the US Goverment is in the Office of the President. There are mechanisms in the Constitution to remove the sitting president, but it requires the other branches to act in the best interests of the nation instead of their own personal interests.
Look at the history of every single war we’ve been involved in since WWII, no declaration of war. Korean War, Vietnam War, Grenada, Panama, Desert Storm, Somalia, Balkans, GWOT, Libya, Syria, Venezuela, Iran.
I’m not a fan of the president, but Trump only started two of those. Korea was Truman, Vietnam was LBJ, Grenada was Reagan, Panama was HW Bush, Somalia and the Balkans was Clinton, GWOT was Bush, Libya and Syria were Obama, and the last two were Trump. That’s 7 total presidents, add in Bay of Pigs and JFK for 8 and the only two presidents who didn’t start a war are Nixon, who fucked up negotiations with the NVA that may have prolonged the war to win an election, and Jimmy Carter, who tried to rescue hostages in Iran with military assets.
> Korea was Truman, Vietnam was LBJ, Grenada was Reagan, Panama was HW Bush, Somalia and the Balkans was Clinton, GWOT was Bush, Libya and Syria were Obama
I think this is at least a little misleading. How many of these conflicts were started by that president/the US (as opposed to "joined")?
You sound like you’re from a country with a parliamentary system? In the US, the “cabinet” is simply the President’s handpicked subordinates, not MPs. The President is the head of the executive, the government, usually understood as the executive, answers to him. They are not in a position to legally stop him.
There are measures Congress could very easily take if they chose to, but modern Congresses are very much do-nothing and frankly regard the President taking unilateral actions as relieving them of accountability and the need to take action themselves on important matters.
No, I am from the states, just been ignorant until it started bugging me. I'm sad that one geezer can turn the rest of the world against us without our say so and now we are wholesale opted in as villains. Not that the past was rosy, but it was more gentleman-ish? I am out of my depth here, just frustrated.
It’s not just one geezer, Congress also agrees with him (at least in the sense that they aren’t willing to take advantage of any of the leverage they have to stop him). The midterm elections will be the people’s chance to express how they feel about it all.
It's not really that insane. Don't overreact to Trump stuff - it leads you to make bad decisions and assumptions.
This archaic and formal "I do declare war upon theee" is not flexible enough for the modern world and so we have found, perhaps an unhappy middle ground where the President can indeed take military action, for a limited period of time (60 days) without congressional authorization. The President is the civilian commander of the military and regardless of whether it is a Democrat or Republican we, like in other cases, give the President the discretion to make these choices. You may not like their exercise of power, but it is legal, Constitutional, and intentional and even if it is Donald Trump (much to my displeasure) we as a society trust him and his office to use this power responsibly and for the good of the American people. Even in the case of Iran and Venezuela, frankly, I think he has used power responsibly (if less effective than it should be) and for the good of the American people. We can't have a nuclear Iran in the Middle East, nor can we or should we accept thugs like Maduro running a country into the ground and causing mass migration to the US and causing problems here and breaking our laws.
There are folks in the cabinet that can take action, or resign, &c., but as the Executive the president selects his cabinet and they serve at his pleasure, once they are confirmed by the Senate. This is true for all presidents and will continue to be so for the foreseeable future.
I think sometimes we forget, these are just people. We give them broad authority and they get to, by virtue of being elected, exercise that power as they see fit though ideally if or when a law is broken we deal with it through the judicial system.
What's the recourse when they fall into a natural senile abyss like with the previous POTUS? Wait and see? I naively lived under an assumption there was a system of checks and balances that's not a coup d'état.
It's just up to those that we elected to make a decision or enact legislation. If they decide tat the president isn't senile enough, then that's just what they get to decide. Sometimes I think folks are expecting there to be an ever increasing system of accountability or authority to appeal to, but no it's just those people and they get to decide. If you don't like their decision, outside of the ballot box or whatever other means you have available to protest their decision, then you just have to live with what they say or decide. They are the authority. They decide to invoke the 25th Amendment or not. Not you.
I'll bite. What's in it for them ("They are the authority")? Weathering the weather until the next election? I'm prone to assuming that people higher on the totem pole are smarter, more experienced, more nuanced, better educated, that's on me.
The POTUS is funny /s. Read his remarks about Tim Apple, pure comedy if was intended as such. He needs to take an ESL course. "3 or 4 "BIG HELPS". "I was very impressed with myself to have the head of Apple calling to ‘kiss my ass.’”
He's surrounded by the creme de la creme of our society, at least in terms of influence. Many of these folks come from old money, West Point, Ivy League, whatever. No matter how egomaniac one has to be to raise through the ranks of our the political system, they are still highly intelligent and connected tribe and should be able to read the future we are leaping into. Am I giving them too much credit? Why isn't their horizon decades long?
> What's the recourse when they fall into a natural senile abyss like with the previous POTUS?
Congress should tighten up the War Powers Act, including but not limited to making the Secretary of Defense personally liable for breaches. (We do this with CFOs under Sarbanes-Oxley.)
It's not, and the evidence for that at least partially rests in the War Powers Act as Congress itself realized it wasn't enough. Who am I to argue with Congress? :)
Just "doing war" and calling it something else because you find the "right" way inconvenient or impractical is ridiculous, immoral, and illegal.
If the government acts on behalf of and derives its authority from the will of the people then do it according to our shared governance. If not then the people claiming autocracy or oligarchy or techno-feudalism has supplanted our democracy are probably on to something.
Tl;dr - no shit following the law is less convenient than just doing whatever you want
Is there something about the War Powers Act that's unconstitutional? If so, what specifically? I'm struggling here to understand what is being alleged to be unconstitutional.
Separately, I actually think Congress has been dysfunctional and has been outsourcing its power to the Executive and Judicial branches, but these claims about constitutional breaches seem to be, at best, wrong.
Because soft power is a real phenomenon and by going along with the illegal name change, we are giving legitimacy to an illegitimate act. Its anticipatory obedience.
Do not obey in advance. It signals to the regime how much power they actually have.
I'd agree in principle, but they're already killing people. The worst-case scenario has been happening for a while; treating this as a procedural stance rather than a description of reality is blinkered.
If we adopt their language because things are already bad we are saying that their power is now the only reality that matters, we are giving up any form of resistance. We killed people under the name of Department of Defense too.
Giving them the name is giving them the legitimacy to continue to justify the violence, and signals to the rest of the population that no one is coming to help and the new order is absolute. Mind you, this is mostly the fault of complicit media going a long with the name change rather than individuals here on HN, but whether its a true description of reality or not isn't important, whats important is any form of resistance to stop giving legitimacy to the regime.
As a non-American, I think that Americans treating concrete problems as less important than linguistic games does an awful lot more to legitimise the violence.
I don't think parent claimed that simply using certain words is more important than dealing with the real problems.
You sound frustrated with the American situation. I am too but that doesn't mean someone saying "resist" is somehow condoning or ignoring the important issues.
I think the message of "don't submit in advance" is a great one and it actually makes sense to me to include that ethos in all things, including your speech. I think we all agree that speech alone is not enough.
Controlling language changes the way people think, and therefore act. Both of the things you mentioned are bad, glossing over real problems and the attempt to control language, they are not mutually exclusive.
Just (re)read 1984 and focus on Newspeak, controlling language controls the way people think and act.
The body of water that borders Texas, Florida, Louisiana, and other states along with Mexico is the Gulf of Mexico. The US cabinet-level department responsible for the military is the Department of Defense.
As a third party to your discussion, I observe that you are both engaged in exactly the same "linguistic game" with each other, if you prefer to use that dismissive terminology, and I'll add that writing is not mutually exclusive with action.
it's far more than that. By giving into the television like hyper-reality they create you're giving up base reality. That power and legitimate institutions are derived from the people and due process.
To surrender to the rhetoric is the entire point of the obscenities. War department, thugs with badges pretending to be police etc. The provocations are intentional and the offensiveness is the point, if you're just opposed to the concrete violence you're missing the forest for the trees. You have to reject their entire grammar they're trying to impose on you.
It's as if I put on a robe, went to Rome and claimed I'm the Pope (taking bets on this happening in the US too). You shouldn't then try to argue with me if I'm a good or bad pope or if I'm committing bad acts, but you should reject the entire non-reality circus I'm trying to pull you in.
> To surrender to the rhetoric is the entire point of the obscenities.
No, this is what I am complaining about. The obscenities are the point, the rhetoric is cover. Ignoring the rhetoric does not stop the obscenities, and treating the problem as 'they are using the wrong name' rather than 'they are doing the wrong thing' dismisses the real harm being done.
If you claim to be the pope, rejecting your constructed reality is the way to help you out of your delusion. If you do so while leading a crusade to sack Jerusalem, it's not the priority.
> ALA defines a “ban” as the removal of materials from a library based on the objections of a person or group. A “challenge” is an attempt to have a library resource removed, or access to it restricted, based on the objections of a person or group.
Under that definition, it doesn't seem to me like it would be possible for a "ban" to happen without also being a "challenge".
That's not really the reason. Even in a civil case, the first amendment certainly would apply to whatever laws allow the civil case to happen.
However, the first amendment is not absolute. Defamation is still a thing in the US. The first amendment creates a higher bar than many other countries (especially for public figures, but the victims in this case aren't public figures), but it is still possible.
Where do you see developers buying up units to tear them down and replace them with the same number of units?
When I see properties getting redeveloped it's usually a tiny house getting replaced with an apartment building. Often it's a strip mall or surface parking lot that wasn't housing anyone getting replaced.
I don't think I've ever seen a redevelopment that doesn't significantly increase the amount of living space.
>Where do you see developers buying up units to tear them down and replace them with the same number of units?
DC. And when there are more units afterwards, they're luxury. Building more units doesn't magically lower rates; it has to drive landlords of older units to lower their rates. Did that actually happen? You'd have to prove it. Something else could have, like increased non-traditional competition or the end of ZIRP and refinancing horizons coming to bear.
Row houses often become more expensive row houses. It may not be the bulk of "new" housing in DC, but you asked where it happens, and that's where. So, chill.
In any case, gentrification, infamously kicked thousands of families out of projects, subsidized housing, and regular rentals, replacing them with... definitely not affordable housing. Rent has only gone up. And unless you're a builder, the goal is not building, it's only a means to the end of putting people in affordable homes. If building isn't doing that, it's a policy failure, and other avenues need to be pursued.
[1] https://en.wikipedia.org/wiki/STOCK_Act
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