Interest and unemployment

Loan capital interest, argues the author, is exploitative and a method of bondage. The underprivileged of a society and the less developed nations of the world suffer and are kept in debt by the institution of interest. The perpetual debt is terribly onerous and draining. Within an economy, the amount of investment undergone is related inversely to the rate of interest--interest rates go down, investments rise. Through increased investment, jobs are created. The same may be extended to a global model--if, internationally, interest rates can be reduced, more of the human race can work. Thus, interest hampers employment. By way of discussion, the author includes a counter-argument that interest rates don't really affect investment very much. The author elaborates that small changes may not matter much, but fundamental ones do. The author's discussion of interest also refers to a book by Knut Wicksell that argues that steady interest rates cause falling prices. Thus, interes