Post
Topic
Board Economics
Re: Why the banks dont give free money? Why they loan it?
by
V for Varoufakis
on 01/04/2016, 18:18:06 UTC
Spending not Lending all new money into circulation is the only change that will Free America and its people from Economic Servitude.

The U.S. Treasury would create new money as numbers like the banks do now when they make loans.
The new numbers (money) would not be a loan but rather a final, debt-free, earned payment.
The new numbers (money) would be spent, not lent into circulation debt and interest-free, in lieu of taxation or bonding as a payment earned through the building and maintenance of Public Roads and Bridges.

The new numbers (money) would not be a loan but a final, debt-free, earned payment.
The new numbers (money) would be SPENT, not lent into circulation debt and interest-free, in lieu of taxation or bonding as a final, debt-free, payment earned through the building and maintenance of Public Roads and Bridges that people would use with no fees or taxes of any kind.


http://www.wealthmoney.org/authors/byron-dale/