Politicians have seldom looked at money-lending at interest as the cause of widespread poverty in the midst of plenty, because whilst this practice was once forbidden by Judaism, Christianity and Islam alike, it has become universally accepted in the modern world of secularism. Absolutely, the lender should receive at least the time value of his or her money. Yet this is illogical on several points. Therefore, my savings are labor that I provided my employer at an earlier date. Unlike Land, Money is infinite when not artificially restricted, which it often is.
Money is man-made out of nothing and at tiny real cost.
The nominal value of money may be unrestricted, however, the market will most definitely determine the real value of money. This credit creation confers enormous economic power and influence on those usually private institutions who have secured for themselves monopoly rights in this money issue. A society which does not have financial institutions would be in even worse shape. In this case, those who have money would very powerful and could lend money at very high rates. That private banks create money out of nothing is a fact too little known amongst the public.