Why do some folks have a beef with usury and foreclosures?

I have absolutely no problem with usury. I do have a problem with legal tender laws that force people to accept a currency for debts, one that is constantly losing value, and then having arbitrary interest rates dictated to them from on high. In my view if every individual was allowed to attempt to create a currency and every individual was allowed to accept whatever currency they felt served their best interest then the usury issue would become a non-issue as market homeostasis between competing suppliers and self interested users was reached.
Creating a monopoly on money guarantees that there will be a restricted supply of useful currency and drives the cost up screwing everyone except the privileged few at the tip of the monopoly pyramid.

"The wonderful thing about voluntary loan transactions in the free market is that both the borrower and the lender benefit from such transactions. Loan transactions occur in the first place because borrows and lenders have different rates of time preference, and the fact that the agreed upon rate of interest is very high does not change that reality."

http://mises.org/daily/1977

Also read the Chapter entitled "The Moneylender" on page 121 from Walter Block's book - Defending the Undefendable

http://library.mises.org/books/Walter%20Block/Defending%20th...

I'll tell you why. It is because most, not some, people feel that they have a right to tell others how they can do business and what others can and can not do with their property.

If you were willing to lend me money and I wanted to borrow money from you, the terms that you & I come to for that loan should be for us to determine mutually. However, this is not the case. People feel it is the business of a third party to interfere with our business and to determine what agreements you and I will be allowed to make without being punished in some way for disobedience.

In the case of banking, this is further compounded by the fact that the third party controls what money is and the value of it as well as which one of it's pals gets access to the most of it. In addition, thanks to the third party granting it's pals special privileges in regards to money, such as allowing it's pals to essentially create money out of thin air, provided that the government gets it's cut back in return of course. Naturally, the government protects it's pals from competition in this market because if they didn't, who would grant any value to paper backed by nothing?

So when you consider all of this together, it basically creates a mess. People feel justified in asking a third party to interfere with what ought to be private business because they see that the businesses they are allowed into the market are using that third party to gain an advantage on their customers. The only winners in this situation are the third party and the businesses that continue to play ball the way that the third party requires them to. Consumers never can or will win in this scenario.

If you borrow money you are perpetuating the status quo of the financial system. If no one borrows money, the FED, banks and the Rentseekers are toast, no matter what they do. Once people grasp these facts we will all be free of their influence. It's that simple, no more loans no matter what. Prices will also drop since all products will be bought with cash, no leverage. Leverage creates inflation. Money is lent into existence through loans. If you don't want inflation, don't borrow money.