Archive for the ‘The Reality Of Interest’ Category

Leaving aside ideological and environmental compulsions, intellectual and emotional fixation and self interest generated by interest-earnings deposits and bonds, there does not seem to be any reason behind regarding interest anything other than usury. Its survival is sustained by artificial scarcity of capital resources injected into the credit structure through the practice of bank reserve. It’s protected by the largest accumulation of unadulterated sophistry inside entire corpus of economics, towards the extent that it’s not possible to discover a single sentence written in favour of interest during the last 36 months which can conceivably be regarded to fall away from class of sophistry. There Is not just one posture in connection with the problem, evolved by way of a discipline claiming itself to become a science, which is often justified.