Identifying Problems Is Only Half The Job Done, And Mistaking A Problem For The Greater Solution Is Not Progress

Endogenous nature of the money system is a correct observation…of what the problem with it is. But it doesn’t progress us any. It’s exactly like the Austrian/Libertarian correct observation about the economy that “There ain’t no free lunch!” …it’s the problem…not the solution. And the path forward for both sides of the economic debate is to recognize that making any financial services an integral part of the process that terminally ends at retail sale…and then making money creation an exogenous public utility….because the former is the new economic paradigm and the latter….is its solution.

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