There is a growing movement generally preferred to as monetary reform, which you may or may not have heard of. Generally speaking, anyone who advocates a change in the way money works would be a monetary reformists, but this particular movement advocates what is called social credit, or the abandonment of our current debt money system, and instead advocates for debt free paper money issued by the Treasury.
The basic idea is Friedmanite monetarism, having the money supply grow at a set rate between 3-5% annually, and having this money be printed, then directly put into the Governments budget to spend. This could reduce the deficit, and allow us to cut taxes while paying off the debt.
It isn't even a very extreme idea- Abraham Lincoln commissioned the pro ting of over 13 million dollars to fund the Civil war, and they were still being printed and issued until 1971 with no issues. As a matter of fact, United States Notes were being issued for longer than Federal Reserve notes, 106 years as opposed to 104 years, and have been money for longer too.
Subscription Note:
Choosing to subscribe to this topic will automatically register you for email notifications for comments and updates on this thread.
Email notifications will be sent out daily by default unless specified otherwise on your account which you can edit by going to your userpage here and clicking on the subscriptions tab.
Pages