Trond, your recent post that the debt cycle `caused' stagnation from
the late 1970s appeared to me as a cart before the horse. The
argument I've been more closely drawn to is that the emerging problem
of overaccumulated capital in the advanced industrial countries found
a temporary means of
Oh, also, on the debt forgiveness/default issue, I've just returned
from a two day Friends of the Earth seminar on the IMF, which
included a long discussion of how NGOs could engage in high-level
debates over managing the debt crisis in this mutual fund era.
There were some interesting papers
On Tue, 11 Apr 1995 [EMAIL PROTECTED] wrote:
With respect to the views of traditional
religions toward interest, let me note that:
1) Judaism only forbade it within the community;
it was OK to collect from gentiles.
* * *
5) All of the above accepted profit based on risk-
sharing,
Yeah, those are other reasons why interest might be outlawed.*
But it doesn't contradict what I said. Consumer loans go to
pay for consumption (obviously), which doesn't lead to the
production of a surplus-product which helps pay the interest
charges.
Though obviously, there are complications
To Ellen Dannin:
I could be wrong, but I have never seen anybody
discussing these matters suggest that the Talmudic
view was that profit is usury. Interest is not
profit and the Talmudists and even the authors of
the Torah were smart enough to know the difference.
Do the Talmudists in
