Moslem law, as applicable in Libya, prohibits the charging of interest on money loaned, in much the same way as Christian law once did. Instead lenders charge an administrative fee, a percentage of gains, or a commission on the sale of an item when credit is being provided. The counterpart of this is that savers do not receive interest on savings, but a percentage of gains made by the banks, but also bear any losses.

What is truly interesting, is the recent development of negative interest rates. That is, receiving interest to borrow money. Effectively Central Banks pay banks to borrow money from them. The idea being to encourage banks to lend money to businesses for investment, and thus encourage economic development. Ultimately, however, it is confidence in the future that drives an economy. And confidence is largely missing at the moment.

ColdMonkey mines Gridcoin through generating BOINC computations for science...