reasoning logic;139410 wrote:

You think that a world without commerce would be a better world than the one with commerce? Why? What is wrong with interest except that it happens to offend you? Consider this quote by Adam Smith:

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
Adam Smith

I see nothing wrong with that quote at all, and no I do not have a problem with commerce, and I do not have a problem with interest as long as it is only to pay for a fair salary of those who distribute the money and not a penny more.

kennethamy;139414 wrote:

I see nothing wrong with that quote at all, and no I do not have a problem with commerce, and I do not have a problem with interest as long as it is only to pay for a fair salary of those who distribute the money and not a penny more.

Yes, we are all for being fair. And money is a commodity like any other commodity. I had been under the impression that you felt there was something wrong with treating money as a commodity, but I suppose I was wrong. My mistake. But I thought it was you who wrote:

It's hard to imagine a world with out usury. Call it what you want but that is what lending money is all about.

Yes, we are all for being fair. And money is a commodity like any other commodity. I had been under the impression that you felt there was something wrong with treating money as a commodity, but I suppose I was wrong. My mistake. But I thought it was you who wrote:

It's hard to imagine a world with out usury. Call it what you want but that is what lending money is all about.

reasoning logic;139415 wrote:

Yes, we are all for being fair. And money is a commodity like any other commodity. I had been under the impression that you felt there was something wrong with treating money as a commodity, but I suppose I was wrong. My mistake. But I thought it was you who wrote:

It's hard to imagine a world with out usury. Call it what you want but that is what lending money is all about.

I do see a problem with what I am about to propose because of the way our economic system is ran. The rich would put up a fight against anyone trying to attemp to change it. [Even if it would make society better as a whole] I do see a need for money to be lent but I would like to see it be done at a very low interest rate. when I say low I am thinking around 1% or what ever is required to maintain the salaries of the workers involved in the lending process.

There are many people that do not have to work a day in their lives as they have so much money they can live off the interest. I see this as not contributing to society but rather rapeing it. Many of us who have been fortunate enough to be able to have a surplus in our income and know how to invest properly are able to receive alot more wealth from the high interest we gain from the misfortune of others.
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Interest is as close to love as you can get! I love being able to loan money to you and all of your family members, Your Mother, father, brother, sister and all of your other family members that are in a position to borrow and pay it back. It is how I am able to afford all that I have. With out my financial instruments I would have to work for a living like the rest of you servants and I would not let that happen. No I am not serious

I disagree that credit would dry up in a non-interest system. We've been programmed to think this way because it's the only way we've ever known it to work.

Why would people lend money without interest, and if money could not be borrowed, where would capital come from?