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Let me ask this, Interest basically means I give you X and then you return it X 1. Isn't this basically what creates inflation? More money needs to be in circulation to pay back all that interest, more money creates more demand which causes inflation.
If the concept of interest is abolished there would then be no need for increasing the money supply which would then end inflation I guess.
I don't really have a strong economics background but I have a general understanding of the basics so forgive me if the question is a bit naive.
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