tag:blogger.com,1999:blog-21274784.post116092702526119887..comments2023-06-16T07:24:19.334-07:00Comments on Divine Economy Consulting: Microcredit Demonstrates the Beauty of a Free Banking System.Divine Economy Consultinghttp://www.blogger.com/profile/17528813892286596301noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-21274784.post-1162425571917465932006-11-01T15:59:00.000-08:002006-11-01T15:59:00.000-08:00I just found your Blog after following links from ...I just found your Blog after following links from K. Gilbert's e-mail. I am a Baha'i and the owner of a manufacturing business so I am very much part of the economy; it affects me more than I affect it! I'm very interested in pursuing more study of the DEM. Because I am uninitiated please bear with my questions if they seem naieve. <BR/><BR/>When you talk about a 'free banking' system what is free about it? Are you talking about a system with no banking regulations or a system that loans money without interest, or a third possibility I have not considered? If it is an interest free system then who is going to invest in a bank (or work there) if there is no return on investment (ROI)or any obvious way to pay the employees and light bill? If it is a regulation-free system then we rely solely on human nature and the goodness of the people in the system to do the right thing. <BR/><BR/>Even if every one of my employees was a Baha'i I would still need a set of work rules and policies to establish some sort of order and expectations within the business. How would a banking system operate without rules and contracts so that all parties involved know and understand the expectations of the bank? <BR/><BR/>Moving on, when you mention interventionism or the intervention of humans in a divine economy I can understand the burdensome governmental regulations and taxation and the corruption related to the redistribution of wealth as our politicians see fit. However, how does any economy exist without some level of human intervention? There is an undeniable competition, at many levels, going on in the human economy. I must compete with fellow manufacturers doing the same kind of work; my suppliers compete for my business; cities, states and nations compete for resources like labor, energy and raw materials. As a species we are in a constant competition for survival, even in our most advanced civilizations (maybe even moreso). So how do we interact, obtain education and a skill set, apply for and, with luck, get a job and continue to grow in our careers and move our businesses forward without competition? As I see it, all forms of competition are a form of intervention with the economy. <BR/><BR/>There is a constant give and take, flow and ebb to the world economy as humankind grows and our societies become more and more complex. How do we avoid what I see as the natural and continuous intervention of humans in the world economy? After all, without humans there wouldn't be an economy as we know it.<BR/><BR/>Please take my remarks in the spirit in which they are intended. I want to learn more about this model and how I can apply it to my life and business. I am not trying to discredit anything you've said in your blog; I just don't understand. Thank you.Anonymousnoreply@blogger.com