The state should be the only one with power to create money. Paper or electronic. When someone needs a loan he borrows with 0 interest from the state run bank. When he pays the loan the money created disappear. All money needed to run the administration are created and used by the state, not borrowed from some banks by the state. The state can increase the money supply when it;s needed - to let the economy grow, or decrease it when it's needed - when inflation appears. Increase by sending people money to spend, decrease by instituting taxes. There will be no taxes when there is no need to decrease the money supply, the expenses for the state - create new money. If the economy is in good shape these new money will not create inflation.
There. Comments ?
And I forgot to tell you that you are rulled by bankers right now. The whole world is. Find out about what Andrew Jackson wanted. Then what happened in 1913.
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One day there will be so many houses, that people will be bored and will go live in tents. "Why are you living in tents ? Are there not enough houses ?" "Yes there are, but we play this Economy game"
Last edited by pai mei; 02-24-2009 at 12:06 PM..
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