if the charging of interest was banned... there would be no incentive for banks to lend money
so
banks would get their money from other services such as transfers and checking account fees
and people would buy their houses without mortgage.. instead of $500k houses maybe they would be $50k for example...
Because.. borrowing is not necessary for a good economy... if 1 person borrows money it makes other people or countries have to borrow money to keep up...just inflating prices of everything and giving bankers a fat check
also there would be no economic crisis right now
discuss
so
banks would get their money from other services such as transfers and checking account fees
and people would buy their houses without mortgage.. instead of $500k houses maybe they would be $50k for example...
Because.. borrowing is not necessary for a good economy... if 1 person borrows money it makes other people or countries have to borrow money to keep up...just inflating prices of everything and giving bankers a fat check
also there would be no economic crisis right now
discuss