Proposal for Interest-Free Money
In conjunction with the range of emphases in
CCMJ's network referred to the Chairman's Home Page, and repeated
below, the Campaign for Interest Free Money explores the nature
of the damage afforded by indecision about the social effects
of usury; and relates that to 'the co-operative advantage', which
we maintain is intrinsically a Christian concept.
Interest is unnecessary. To end inflation
and create wealth, State determined issuance of interest-free
(repayable and in most circumstances cancellable) money for investment
in: a) public capital projects, b) private capital projects
(if wide participation is involved and to create an element of
basic income), c) "green" technology , d) small businesses.
In a counter-inflationary situation, debt-free money spent into
the economy to keep a stable level of prices and to provide another
element of basic income.
Among members and associates, other starting
points for an effective way forward in areas appropriate to their
insights and opportunites, are explored, such as:
income Universal capital ownership Tax Justice
Abolishing tax havens Land Rents New forms of Open
Simultaneous Policy for adopting co-operation as the ordinate
motivation of enterprise People's Pensions Student
Tobin Tax Interest limits Earnings limits
Financial regulations Ethical Investment
Barter Community Currencies Time Banks
All these are pursued as if people and sustainability mattered.
There is a new website
for this proposal, run by Dr