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What we need is another Muldoon to keep the finance houses on the straight and narrow.
pickledpork 1 year ago
The entire notion of social credit was rejected with the advernt of Keynsian Economic theory over seventy years ago. Anyone who was educated or an economist would know that ...let the stalk begin!
Platooncommander 2 years ago
@Platooncommander
The notion of socializing credit has not been disproved as a viable solution by anybody! The principle difference is that in Keyne's monetary ideas the government borrows money *at interest* from private banks (hence deficit spending). Whereas if the government issued money itself there would not be a public debt.
Its not a radical idea. Milton Friedman was in favour of it through his support of the 1933 Chicago Plan. See also the American Monetary Institute.
OgallalaKnowhow 1 year ago