What about nationalizing the Fed, ending debt-based currency and using the government's power to issue money as envisioned in the Social Credit movement, more specifically as described in: http://www.hollings.org/Content/Cook-EconomicDemocracyAndAGuideToThe2008Pres identialElection.pdf .
Peter Hollings he responded: >>Paul also wants to abolish the Federal income tax and the Federal >>Reserve Bank. They both prey upon Americans, having increased their >>share of American income, led us to two depressions and lost 90% of >>the USD's value since the bastards launched the Fed. << me: > I don't defend the Fed: it's nothing but a bankers' cartel, usually led by such right-wing mountebanks as Greenspan. But what is the alternative? The gold standard? It encouraged deflation in both the 19th and 20th centuries, which was disastrous in both cases (except to those holding a lot of money). The gold standard does discourage inflation (unless there are big gold discoveries), but it's always been suspended during the bigger wars, the main inflationary periods. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
