Re: TURMEL: Ben Franklin, Prof. Flaherty, on Death gamble

From: Meldon (getlost_at_hotmail.com)
Date: 11/06/04 

Date: Fri, 5 Nov 2004 23:37:42 -0500

"Castlef" <joejmd@yahoo.com> wrote in message
news:6f6ec514.0411042230.b8efec9@posting.google.com...
>>..
> Meldon... all money is created through loans... we are talking about
> money created from nothing and charged with interest... The point is
> that the banks which create the money from nothing and then loan it
> out... should be paid a service fee instead of interest. For example a
> bank creates a loan for 100k.. after interest and all said and done
> the total owed is 200k... so the bank effectively made 100k by
> creating that loan from nothing which involved changing a few numbers
> in their computer.... THe fee that should be paid for their service(of
> creating money) should be in proportion to what physically takes
> place... the effort it takes to change a few numbers in the computer.

Yes, I see. Doesn't this tend to make credit less readily available? It's
still the profit (interest for creating) that inspires the loan to be made.

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