I don’t have antipathy toward interest. I have an antipathy toward rents. And if we are borrowing from the treasury and paying interest that’s just rents.
Banks, in the era of fiat money function only as insurers of borrowing from the treasury, with interest as fee for insuring one another’s borrowings from the treasury.
But since in practice there is nearly zero risk and liability, that interest is not earned. Ergo if we are converting capital from future to present there is no CHOICE of investment wherein the private holder of an asset is paying an opportunity cost.