It would not be the same as borrowing there would have to be an institution that would asses the risk of giving someone a loan and would appraise...
I really do not subscribe to conspiricy theories. I also do not automatically decide they are not true either. The bigger the conspiracy the more...
What you are saying is true under the present economic rules but it does not apply if there is no interest since interest drives inflation. There...
I am saying that without interest the costs of goods would drop substantially I would not have to do $550,000 worth of work to buy a $250,000...
I understand what you are saying I am just saying a system with no interest would knock the price of everything down substantially and would still...
I did not think this up myself Richard Cook is one of the places I learned about it the only reason I even considered it was the island story....
I have never heard those conspiracy theories. I learned about this from a story explaining how on an island it is impossible to pay back the loan....
Under the current system a loan at %0 would be quite foolish because the interest rates the bank charge necessarily creates inflation. Say there...
There is also a company called Blacklight Power who there was a story about recently called Blacklight Power Inc. He says he has found a new...
There are already solutions to the lanspace requirements in the pipeline concentrator technology is a first step in some case increasing energy...
I have no idea about a conspiracy as I've said before. All I am saying is that the money we pay for interest equals out to paying very large sums...
The main problem is that the interest we on average pay to the banks is compounding on itself faster and faster now. The fundamental problem...
You are telling me you would rather work longer and longer hours for the same quality of life then work less for the same quality of life or the...
I can guarantee you I would be much much happier in a slower system than having to work 2 hours extra every week that goes by to have the same...
Loans could still be given to businessmen with experience just like now. The two things that would change would be no more interest and much less...
I am not trying to be mean either but the actual problem is not that I did not go to economics it is that you have alot of preconceived notions...
A bank loan with no interest is no different than a bank loan with interest you could try that with any bank they will take your assets and give...
But the currency has no intrinsic value by itself. Only the goods we as a society make has an intrinsic value therefore it is actually the...
Separate names with a comma.