tag:blogger.com,1999:blog-7530776363222965313.post8429566021480465288..comments2023-10-07T13:16:34.756+02:00Comments on Simon Thorpe's Ideas on the Economy: Fixing the Banking System for goodSimon Thorpehttp://www.blogger.com/profile/02605233720415886802noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7530776363222965313.post-5068300496196897172013-05-09T17:15:36.574+02:002013-05-09T17:15:36.574+02:00How about adding:
5. Ban on lending money at int...How about adding:<br /><br /><br />5. Ban on lending money at interest. Banks could charge arrangement fees that realistically covered their actual costs and allowed a reasonable profit, but no more.<br /><br /><br />If the commercial sector refused to cooperate, then set up public banks (ideally on a local basis) which would lend money for productive investment at zero interest, but which could also make fair service charges (but not aim to make a profit; just cover their costs).Simon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.com