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**Piemonedmow** · 07-03-2012, 07:47 PM

Warrior 1

I agree with most of what you say but riba, interest, fractional reserve banking and central banking are part of Capitalism, the other capitalism described by Austrian Economists would still allow riba but not central banks etc. The current Capitalism is powered by riba and without it, it would be a very different system.

07-03-2012, 07:47 PM	#13
Piemonedmow Join Date Oct 2005 Posts 406 Senior Member	Warrior 1 I agree with most of what you say but riba, interest, fractional reserve banking and central banking are part of Capitalism, the other capitalism described by Austrian Economists would still allow riba but not central banks etc. The current Capitalism is powered by riba and without it, it would be a very different system.
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