/biz/ - Business & Finance

>>23409602
>>23409865
That's my point. Interest is just time value + credit risk. Both of which are inherent in renting or any other transaction that takes place over time. The only difference is that the islamic banks are forced to demand better borrowers because of the legal treatment. The banks still have to account for the risk of the homeowner going broke and factor it into the transaction. It is impossible to actually remove the cost of interest from the economy, because the same cost would just show up listed other ways.

You would have to make contango on futures contracts illegal to ban interest/usury. It's literally unthinkable. The price of every mining stock would be the value of all their fully refined ore - extraction cost at all times, making it pointless to actually extract the ore. Interest has never actually been "banned" to anyone with the slightest business savvy. This is a monetary policy general in a business/econ board. Learn something

>>23146916
>Most cryptos are sound money just as with metals

Tippy-top anon.

>>20742643
Kek