Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I thought your principle complaint was that the government could print money. I don't see this being addressed in your reply.

What you seem to suggesting, at least in part, is financing new enterprises in a way similar to venture capitalists. I have the brains (or idea) and they have the money. We each get a share of the stock.

The Muslim banking system requires that banks share the risk so that the money provided is not a "loan". I don't know if they really share the risk or this is just a subterfuge to get around Islamic prohibitions on charging interest.

I hope you'll continue to provide prescriptions in future comments as well as criticisms of current practices.

Policies not Politics
---- Daily Landscape

by rdf (robert.feinman@gmail.com) on Wed Nov 21st, 2007 at 07:51:32 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series