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<p>[QUOTE=&quot;InfleXion, post: 1211810, member: 29012&quot;]Could you elaborate on why this would end the free market system? A fee as designated by the lender accomplishes the same goal as interest except that it&#039;s predictable and doesn&#039;t balloon over time. If you fail to pay back the amount agreed upon in the time agreed upon (likely incremental), then they can still send the collectors after you. This would eliminate all the extra debt that gets piled on by compounding interest, and keep it to the original debt that both parties considered fair for the transaction to take place. This isn&#039;t much different than interest really, except that it&#039;s fair. </p><p><br /></p><p>The other piece about forcing loans to come from existing wealth (eliminating fractional reserve banking) would also go a long way in eliminating debt, because the buying power of existing dollars would be much stronger, and therefore you would retain a lot more of your money that would otherwise be spent on inflated goods and services.[/QUOTE]</p><p><br /></p>

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