US Money Chapter 7 – Backwards, Bandages & Bridges


Backwards, Bandages and Bridges 7.77 Step Backwards – Fewer Laws: Free Market Banking & Money Creation (1)

In a world governed by the pressure of organised interests, the important truth to keep in mind is that we cannot count on intelligence or understanding but only on sheer self-interest to give us the institutions we nee…

About the US Money Chapter 7 – Backwards, Bandages & Bridges category (1)
Backwards, Bandages and Bridges 7.78 Step backwards: return to the ‘gold standard’ or gold (2)

…gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. — Alan Greenspan in Gold and Economic Freedom (1966), Chair of the Fed…

Backwards, Bandages and Bridges 7.79 Bandages: more laws (2)

More laws could function as bandages, slowing the hemorrhaging as wealth flows from most of us to a tiny few. Use existing law Break up the banks deemed too big to fail The simplest and most immediate action we can take…

Backwards, Bandages and Bridges 7.80 Bridge: public banking & money creation (2)

Public banking is a step toward a level playing field: let government get in on the game. Public banking can be a useful bridge, though it will not address the most serious issue in our current system: exponential growth…