The even more effective and beneficial monetary strategy than Lincoln’s greenbacks would be to have the government or The FED’s by amending its charter to directly distribute the rebate aspect of a 50% Discount/Rebate policy at retail sale. That way the individual gets $100 worth of groceries for $50, a $60k EV for $15k (50% of $60k at retail sale = $30k and as the retail point of Finance is one’s loan payment that means that number is reduced by another 50% and yet the bank gets the full payment amount with the rebate) so the consumer gets a $60k EV for the equivalent payment of a loan of only $15k. Same applies for a mortgage so the consumer gets a $500k house for the equivalent payment on a loan of $125k. The 50% Discount/Rebate at retail sale is so beneficial, resolves so many problems and explodes so many worn out orthodoxies that it is a paradigm change in a single policy. Ignore the naysayers and of course the Banks will resist giving up their monopoly paradigm for the creation and distribution of all new money but they’ll do that for any kind of change.
Ask yourself this: Just keep broadcasting the real world benefits of the new monetary and financial paradigm and how many voters are going to vote their pocketbooks by increasing their purchasing power by 100% for food etc. and 200% for big ticket items? Its an idea whose time has come.
I’m four square for your other ideas of state banking and an infrastructure bank, but lets have a new monetary and financial paradigm as well.
The benefits go directly to the individual with a 50% Discount/Rebate policy at retail sale. In fact the commercial agent benefits as well as the demand for all of their goods and services is doubled, and even the banks get their full interest on a $250k loan plus the credit worthy market for $500k homes is quadrupled and is much more stable. Everybody wins with a new paradigm because its a system wide, or in this case a multi-system wide transformation instead of a quickly gameable reform.