I caught part of an item on the Today Programme this morning with representatives of the Christian and Muslim faiths discussing an economy where usury was banned.
It got me thinking about the pros and cons and wondered what everyone else thought.
Most consumers I speak to, particularly recently, do not feel that their lives have been enriched by being able to borrow at interest rates.
You could argue that businesses need access to borrowing, and also that savers need to earn a return on their savings. However, if savers could not earn interest there may well be a great deal more equity funding available for businesses.
Just a few thoughts, but I'd love to hear what everyone else thinks. Please comment.