1. LETS. Yes it is interest free, but it is also debt. I thought you were objecting to the debt. That it is based on trust means that it only works in small communities.

Interest or profit is the price of capital. If interest were regulated to be zero, what would you expect this to do to the supply of capital? Is less investment a good idea?

2. Credit Unions. What would you say is the crucial difference between the regulations governing credit unions and those governing banks? (Not he right to create money" which is a polemic phrase, but more technically.)"