How to Save America
By Nidal Sakr
(MAF-10/20/2008) America is in crisis that could be the widest spread and deepest she has ever seen. All the talk about problem and solution we have heard so far is merely political and does not help in either understanding or solving the problem.
In this article, I will outline what may be the only approach to adequately and effectively solve the crisis. Although shrouded in political considerations, just like the primary causes of the crisis, the proposal is in no way politically driven. Read more
Are We Ready to Do Away With Interest?
The Opportunity I was Talking About
by Nidal Sakr
(MAF – 10/5/08) If the obvious answer is “Not”, I contend that such an answer may be short-lived. After all, our current crisis is squarely blamed on interest.
From policy makers’ perspective, interest has been the magic stick to keep things afloat. By lowering interest rate, banks would offer more credit, and people would borrow more money. Banks would make money charging interest on these loans, and people have their Read more
