Sixty percent annual moneylending interest remains normal for desperate farmers today

Evidence

Even today, for moneylenders to charge a desperate farmer or landless labourer an annual interest of 60 per cent (or more) for a loan is quite normal. — Ambedkar, B R, Annihilation of Caste_ The Annotated…, 60

Categorization

• ADDENDUM: This is directly relevant to the reader’s ongoing study of causal mechanisms: the persistence of debt-bondage pricing centuries after Manusmriti shows caste’s economic logic outlives its legal framework.
• XREF: connects to: The northern plains farm economy remains in deep crisis — Winona LaDuke, All Our Relations: Native Struggles for…, 788