Are We Ready to Do Away With Interest?

October 5, 2008 by · Leave a Comment
Filed under: Articles 

   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