If you’re talking about usury, then you have confused investment with lending. Lending money is not investment. When a bank gives you a loan, they aren’t investing in your house. They’re supposed to be helping you buy a house. Interest on a loan is theft as no value is being provided by the bank in return for that interest (as opposed to service fees for the labor of issuing a loan, for example).
Some call capitalism state-sponsored usury. I’m not sure I’d go that far. But money is sterile, “barren metal”, as “The Merchant of Venice” calls it. It cannot multiply. Only labor multiplies value.
Wrt the article, while the author does seem naive and no systematic thinking is demonstrated, you could store away valuable commodities, like gold. But it won’t breed for free. For more gold, you must work, or steal.
I can use it for example to buy beer brewing equipment and a warehouse, which allows me to start a beer business which generates income.
Or I can lend it to someone. But then I can't do my beer business and am losing that potential income source.
If I don't get anything back from my lending, then clearly I'm losing out.
You seem to be thinking that the fact there is a bank involved somehow changes things. It doesn't, a bank is just another private entity, albeit operating within a regulated framework. It doesn't make money out of thin air. Money it gives to you for your house is money that cannot be invested in other opportunities.
The first sentence of that document makes reference to money creation happening by commercial banks making loans. It then goes on to explain much of the detail. The document is all about commercial banking.
Central banks operate exactly the same way as commercial banks, just the money they create flows in a different circuit.
Some call capitalism state-sponsored usury. I’m not sure I’d go that far. But money is sterile, “barren metal”, as “The Merchant of Venice” calls it. It cannot multiply. Only labor multiplies value.
Wrt the article, while the author does seem naive and no systematic thinking is demonstrated, you could store away valuable commodities, like gold. But it won’t breed for free. For more gold, you must work, or steal.