How could an economy be designed to function without interest on loans?
How could an economy be designed to function without interest on loans?
Nathaniel Parker
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Ryder Jones
Ask the muslims. It would function by people finding creative ways to charge interest without calling it interest
Jaxon Richardson
It would have to be an economy with mostly no loans. Institutions are going to be less likely to do anything that doesn't net a profit, including loans.
Oliver Wilson
slavery and human trafficing or animal husbandry
David Myers
just need a bunch of slaves
Carter Thomas
Investments are basically loans without interests, you just hope the share you get ownership of is more valuable at a later date.
In fact, an economy based on investments would probably be hyper-efficient.
Most loans are government-based and so forced and artificial, after all, reducing efficiency a fuckload.
Oliver Ward
It's called feudalism.
Aaron Jenkins
>Investments are basically loans without interests
An interesting way to look at it, I guess
Wyatt Cox
So if the government banned interests, most banks would disappear, but the amount of people investing and the amount they invest would be at an all time high?
Sebastian Brown
not really
Justin Robinson
the banks would charge handling fees not interest
Christopher James
Juan Gray
Wouldn't be much need for loans if people didn't get taxed out their asses.
Jaxson Garcia
>Zeitgeist
Jonathan Martinez
Life uh-uh finds a way
Isaac Morales
And you surely will be able to pay for all the things you take for granted, like roads, street lights, electricity, protection, plumbing, heating.
Matthew Watson
>Zeitgeist
Are you in high school? Just curious
Ian Ross
No
Juan Sanchez
not the modern economy. jews have done so well to get people hooked on materialization instead of happiness. people would go mad if they couldn't have the latest *insert euro car here* and the latest *insert electronics here* with the *insert latest meme degree here*
Henry Gomez
You mean welfare receipients, army, army R&D, government beauracracy (people I know who work in government constantly complain about how overpaid and easy the job is like doing work on easy mode and non stop waste of funds), tax breaks for rich and large companies that we should be grateful for to keep them in our country, bailing banks out even when they post massive profits, expensive court system clogged up with stupid shit due to archaic legal system, privatization of everything even though we pay taxes to pay double the cost than if it were state run (corruption)
Yeah high taxes are a great idea
Connor Morgan
Asher Rivera
Already settled 100 years ago, Feder explains it best. Literal world war was fought to prevent these ideas from spreading.
Nolan Green
People save their money.
David Myers
forgot to add, your taxes from income don't pay for every single fucking thing you listed. Land tax on your property pays for sewerage system, car registration tax for road upkeep, quarter of the money to your electricity provider pays for powerlines upkeep, cost of water pays for water line upkeep to your house, quarter of gas bill pays for gas line upkeep to your house.
When you buy or sell your house/car you pay stamp duty just because government deserves it somehow. You are a fucking brainlet who has no idea how anything works as you haven't had to pay it amirite?
Chase Morris
Easiest way is to have the government issue 0% interest loans and treat credit as a public utility.
Matthew Edwards
how could an economy be designed to function totally by NPCs
Jeremiah Ross
Never heard of him, I’ll check him out
Charles Ramirez
but they bomb each other all the time.
Justin Thomas
It would function just fine but the velocity of money would be much slower and metrics such as gdp would look crappy since less money is moving around
Kevin Davis
public utilities need to be paid for somehow user, debt is social pressure to assure that humans continue to work and create, we probably would not have as much progress if there wasnt atleast some sort of debt to keep us lazy humans pushing forward for the schekelsteins
Luis Brooks
public utilities companies can fund themselves with their revenues, they dont need any tax money.
its the guy behind natsoc economic principles, too bad he was given a shit position after hitler came to power. Dude was as honest as a man can be, truly worthy of praise and forgotten like most of his kind.
Joshua Bell
Might there not be fewer and less severe depressions and recessions though?