Excellent historical article, but remember the “montes” all went bankrupt until they incorporated interest and profit into the system. Right along with state public banking (and the additional elevation of that concept to a public central bank operating in the true interests of the individual) we and the system require a supplementary gift of individual income to remedy the moment to moment actually available scarcity…thereof.
Do you see how the integration of an expanded concept of Public Banking and the Social Credit insight is both a structural balancing of the system and the evolutionary and paradigmatic/ideational balancing of it….and so the full solution that is required?
Grace as in Gifting is required to solve the system’s nonfunctioning. Another aspect of Grace is continuousness as in flow, that is, one of the aspects of Grace is its “verbishness”, its action and effects…within and through Time. Grace is THE ONLY concept that integrates and IS, BOTH an idea AND action….at the same time! You as a body and an awareness are a human individual system existing and flowing through time. The economy and monetary systems are human systems….doing the same thing. They are aligned with each other in this sense. One of the aspects of Grace. as previously posted here, is its alignment/alighningness (idea and action) Understanding and applying the aspects of Grace is both the personal psychological answer and the economic and monetary one as well.