Exactly. “Interest” has to come from value creation. That’s how it all started under good standard as well. Banks held your savings. And when someone wanted to star a business, they could borrow the money. Pay it back from adding value, and the bank passed it through mines their take and paid the saver; however, when you print money, you can all the sudden make money with money itself.

Lending and borrowing at interest are already happening with DeFi. The interest rate on bitcoin is tiny. The trick is that you have to repay in bitcoin. Few people want to take the risk having to pay double in fiat terms.