The Bible does seem to ban interest. There are a whole series of rules about this, and although they could be said to be no longer operative if one does not follow the Old Testament, they do suggest it is a problem - a matter for regulation.
The Biblical requirement that all debts be cancelled after 7 years is most interesting.
This rule prevents a situation where inequality keeps increasing and increasing, and feeding upon itself. The problem of chronic indebtedness was also faced in the Ancient Greek societies, which tried to arrange debt cancellation.
In our societies, I would say that inflation take the place of the 7 year exemption. After a while, inflation eats away at debt, melts it.
Then you should be in Nirvana in a couple of years, when the currency bubble implodes and we have triple-digit inflation.
PS - The currency bubble has been inflated by the Fed fraudulently pegging interest at 0%. When it implodes there will be large quantities of blood spilled, and millions will starve to death. But thank God we had a biblicly-correct 0% interest rate.
If you don't believe that the New Testament is the operative authority, you're not a Christian. I guess you'd have to be considered Jewish. Not that there's anything wrong with that. :)
Yes: one devil eats away another. Inflation also eats away at legitimate savings. It is no substitute for abatement of usury AND abatement of inflation in a sensible and free society.
In the solemn warnings G-d gives Israel He tells them that one of the rewards of obedience is that they will lend and not borrow, but one of the punishments for disobedience is that they will borrow and not lend.