unni@ucla-cs.UUCP (07/27/84)
> Admittedly, this is a radical proposal that probably won't ever be implemented > How could our economy function without interest? I speculate that dividends > are acceptable and can not be considered usury. Although I am not an > economist, perhaps dividends would be adequate to support a growing economy. We must realise that interest rates are a symptom, and not a cause, of the disease : inflation. I blame inflation on deficit financing, a device unheard of during Biblical times at least. When a government may usurp the purchasing power of its citizens just by printing more pieces of paper ( money ! ) , the situation is ripe for anarchy, at least economically. And that is precisely what is happening in the latter part of the twentieth century. We need to make our rulers know what the value of MONEY actually is. Perhaps it is time to end all this abuse and return to the arbitrary, yet perhaps the more acceptable, gold standard. --- unni@ucla-locus.arpa