Everything you know about interest is wrong-Part 2

Interest is not natural, and the fact that money exists proves interest is unnecessary.

In part 1 of this series, we talked about credit. I identified 3 main forms of credit “Interest sharing loans”, money creation, and grants. To comment briefly on each of those, conventional interest rates are merely a way to offer a fixed return, in contrast with equity returns which are automatically adjusted to the level of profit. Interest is not competitive for 3 reasons: credit relationships are…