Public banking is an effective and necessary competitive component in restraining the business model of Finance in the future, but the only way that the monopolistic powers of Banking and their paradigm of Debt will be balanced, de-throned and de-toothed, especially as innovation and AI acceleratingly reduce total effective demand….is to integrate/implement Gifting into macro-economic policy via a modern debt jubilee in order to re-set the western economies, and then an ongoing universal dividend and a periodic retail discount….as quickly as possible. Otherwise we are doomed to extending stagnation and increasing austerity as the best possible scenario, or more likely, an historically rhyming war in an age of modern weaponry where no one’s life/productive capacity is safe…not even the Bankers. Both economic theorists and the mass of the populace must be awakened to this situation and the necessity of its resolution with the above actions/policies. Finance’s obsessive speculating with money is bad enough. Speculating with other people’s lives and the technological achievements of civilization…is utterly intolerable!!!