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I just finished reading "For Us, the Living" by R.A.Heinlein, which is not really a book but rather a description of a utopia. Nationalization of the banks was large component of this book. The theory was that banks were inventing money by being able to loan more money than they possessed, and that they were doing it for a profit. Instead, they required banks to be 100% capitalized, and allowed the government to create money as needed.
Would it work? I have no idea, but it was an interesting read, considering it was written in 1938 and speaks to today so well.
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I can't read your signature. Sorry.
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