There is an interesting idea/theory how the main problem of our economy could be solved - by abolishing interest rates....as they are said to be the root of all evil...and every financial system sooner or later collapses merely by the existence of interest rates as such.

Unfortunately I can not find any articles in English about this subject.

http://www.google.co.uk/search?hl=en&q=%22abolish+interest+rates%22&btnG=Google+Search&meta=

If you Google in German, there is plenty of articles from newspapers and magazines about this topic:

http://www.google.de/search?hl=de&q=zinsen+abschaffen&btnG=Google-Suche&meta=

But nothing in English.....has anyone found any pages in English covering the subject "why interest are bad" ?

Here is a quick translation from an article I found here:

http://www.pm-magazin.de/de/heftartikel/artikel_id2549.htm

An interview with the professor Bernd Senf, from the university in Berlin (Bernd Mustard ).

There are some recordings from the lecture....about 3 hours in total....only in German unfortunately.

http://www.youtube.com/watch?v=U0_Sjn6QKZo&feature=related

You would still need to pay money for borrowing money, but rather a sort of service charge and no interests. I still have to read the book...so I can't explain it yet. But it seems to make sense....

My thoughts are:

Money can not grow infinitely....but through interest rates, the amount of money is growing all the time. And sooner or later there is so much money so that it becomes "worthless"....so every now and then, money becomes worthless and everything starts again from scratch, with a new currency....and people tend to forget over 3 or 4 generations so they always end up repeating the mistakes of the past. Of course, the financial system is improved every time, but it is not perfect and the fundamental errors from the past keep on repeating. 1930s, now.... maybe in 2100 again etc....the main problem is probably because people try to become rich - but you can only become rich at the expenses of others...it does not work that everyone becomes rich. Everyone with high morals will never become a billionaire. All the people on the Forbes list ripped other people of in some way or other...e.g. selling products for a lot more then they should have sold them for and paying their employees less then they could have afforded to pay.