From: Alan Horowitz <alanh@infi.net>
Date: Thu, 11 Jan 1996 05:22:55 +0800
To: Tim Philp <bplib@wat.hookup.net>
Subject: Re: E-cash and Interest
In-Reply-To: <Pine.OSF.3.91.960110002053.21014A-100000@nic.wat.hookup.net>
Message-ID: <Pine.SV4.3.91.960110160732.3104C-100000@larry.infi.net>
MIME-Version: 1.0
Content-Type: text/plain


> When you have your money in the bank, you are earning interest on the 
> Has this issue been addressed, or am I missing something?

     You are missing something.

   One can earn interest on money, or gold, or oil, or pork bellies, if
   one -  puts it at risk. Typically by lending it out.

 In our curent FDIC system, there is created  the myth, that bank 
interest is given without concomiitant risk.

The laws of economics are like the laws of physics. They apply, no matter 
what anyone says about anything. There is no free lunch - nor risk-free 
interest.