{"id":3125,"date":"2016-01-02T09:00:19","date_gmt":"2016-01-02T07:00:19","guid":{"rendered":"http:\/\/monneta.org\/?p=3125"},"modified":"2020-04-13T22:15:43","modified_gmt":"2020-04-13T20:15:43","slug":"money-without-interest-can-it-work","status":"publish","type":"post","link":"https:\/\/monneta.org\/en\/money-without-interest-can-it-work\/","title":{"rendered":"Money without interest &#8211; can it work?"},"content":{"rendered":"<p>All the great religions include a ban on usury, the charging of unjust interest, and<a href=\"https:\/\/monneta.org\/en\/islamic-banking\/\"> Islamic Banking <\/a>still practices this principle today. Very worldly businesses that also practice interest-free banking include the Swedish<a href=\"https:\/\/monneta.org\/en\/the-jak-bank-model\/\"> JAK-Genossenschaftsbank<\/a>, in which customers save and lend money without interest, regional currencies, or the idea of a currency with a &#8220;circulation incentive&#8221;, which is based on the <a href=\"https:\/\/monneta.org\/en\/freigeld\/\">Freigeld <\/a>idea of businessman Silvio Gesell. In view of the unworkability of all classical financial instruments in increasingly frequent financial crises, even conservative circles are adopting unorthodox measures: in June 2014 the European Central Bank dropped its base interest rate below 0% for the first time. Will <a href=\"https:\/\/monneta.org\/en\/negative-interest\/\">negative interest rates <\/a>become part of the monetary policy toolkit?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All the great religions include a ban on usury, the charging of unjust interest, and Islamic Banking still practices this principle today. Very worldly businesses that also practice interest-free banking include the Swedish JAK-Genossenschaftsbank, in which customers save and lend money without interest, regional currencies, or the idea of a currency with a &#8220;circulation incentive&#8221;, [&hellip;]<\/p>\n<a class=\"read-more emphasized pull-right clearfix\" href=\"https:\/\/monneta.org\/en\/money-without-interest-can-it-work\/\">read more<\/a>","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[422,350],"tags":[],"class_list":["post-3125","post","type-post","status-publish","format-standard","hentry","category-solutions","category-interest-free-money","post_form-foundations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Money without interest - can it work? - Monneta<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/monneta.org\/en\/money-without-interest-can-it-work\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Money without interest - can it work? - Monneta\" \/>\n<meta property=\"og:description\" content=\"All the great religions include a ban on usury, the charging of unjust interest, and Islamic Banking still practices this principle today. Very worldly businesses that also practice interest-free banking include the Swedish JAK-Genossenschaftsbank, in which customers save and lend money without interest, regional currencies, or the idea of a currency with a &#8220;circulation incentive&#8221;, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/monneta.org\/en\/money-without-interest-can-it-work\/\" \/>\n<meta property=\"og:site_name\" content=\"Monneta\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/monnetaorg\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-02T07:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-13T20:15:43+00:00\" \/>\n<meta name=\"author\" content=\"Kathrin Latsch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@monnetaorg\" \/>\n<meta name=\"twitter:site\" content=\"@monnetaorg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kathrin Latsch\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/monneta.org\/en\/money-without-interest-can-it-work\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/monneta.org\/en\/money-without-interest-can-it-work\/\"},\"author\":{\"name\":\"Kathrin Latsch\",\"@id\":\"https:\/\/monneta.org\/#\/schema\/person\/313fdcd034b396f97deadb37ffdde246\"},\"headline\":\"Money without interest &#8211; can it work?\",\"datePublished\":\"2016-01-02T07:00:19+00:00\",\"dateModified\":\"2020-04-13T20:15:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/monneta.org\/en\/money-without-interest-can-it-work\/\"},\"wordCount\":122,\"publisher\":{\"@id\":\"https:\/\/monneta.org\/#organization\"},\"articleSection\":[\"Solutions\",\"Interest-free money\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/monneta.org\/en\/money-without-interest-can-it-work\/\",\"url\":\"https:\/\/monneta.org\/en\/money-without-interest-can-it-work\/\",\"name\":\"Money without interest - can it work? 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