MuMMs are polls which allow the fubar community to help you make up your mind! |
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| Interest free economy |
created @ 09/27/2007 12:30 pm |
mum expired. [EVERYONE] |
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The current economic system is based on interest. There is a school of thought which says that money is a means of exchange and a store of value but not a commodity. Money only grows when work is done using it. Therefore there is no interest in this system. Lending is either zero interest or based on venture capital principles.
MUMM question......would you prefer an economic system where there is no interest? |
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