Now you’re really talking Ellen. Integrating Keynes and Douglas with infrastructure spending and a universal dividend is integrative par excel-lance. Now integrating a truly gracious tri-level Banking system will slay the problematic and Leviathonic nature of the Banking/Financial system, and a price deflationary discount to retail prices will integrate Austrian economics into the economy and reverse the entropic nature and trend of the entire economy!

Where there is no vision, the people perish…. Proverbs 29:1

**********************************************

Just giving the private Banks the ability to create money to pay off bad debts would of course leave wide open the possibility that they would simply do this only for cronies and/or only on those loans that diminished their bottom line the least.

The entire ethical problem with private banking or even a public bank is resolved ONLY by mandating that policy and its administration be based on the concept of Grace. As one of the major aspects of Grace is Good Will, and three others are fairness, equanimity and justice policies accurately and firmly reflecting these is the solution. That and sovereignty as in a third party gracious governmental overseer to the individual and financial institution. That is why a trinitarian/Tri-level Banking system like I have posted here before is probably the best one.

**************************************************

Precisely Stuart. Half @ssed palliative or counterfeit truth parades before us all the time. QE was Social Credit for the Banks. MMT is Social Credit for the government, infrastructure building/re-building is Social Credit for various enterprises, TPP is Social Credit for corporations with global reach, Obamacare was Social Credit for Pharma. Now MMT and infrastructure building/re-building can legitimately be integrated into a forward, upward looking AND GENUINELY PROGRESSIVE policy of ACTUAL Social Credit FOR THE INDIVIDUAL, but the others are basically a false, distorted counterfeit of it because their policies benefit only the already dominant and advantaged and do not address the actual problem (scarcity of individual incomes) or reach all the way to the individual. Counterfeits and palliatives are gamed so that no actual progress is made, primarily to the most damning aspect of the systemic problem…the utterly unethical reality that the individual must serve the dominating system instead of it serving us.

If you want to truly solve problems you have to change the ideas, nea change the widely held and agreed upon ideas, i.e. the paradigms that individuals are hypnotized by and systems operate under….or rather integrate a new one into an old one. Banks have a monopoly paradigm of debt and loan ONLY which must be balanced by integrating policies of Grace the free gift into them.