All completely true, and thats why a 50% Discount/Rebate policy at regular consumer retail sale and also at the retail point of Finance, namely one’s mortgage, insurance, automobile or other big ticket item’s monthly payment is the solution to dispelling the delusion regarding the “national debt” et all. Why? Because if you can buy $100 worth of groceries or other goods and services for only $50 you’ve transformed chronic erosive inflation into beneficial price and asset deflation which also means it accomplishes one of the two supposed mandates for the central bank, i.e. controlling inflation. It also accomplishes its second mandate which is to encourage full employment as lots of money/purchasing power in the hands of the individual and simultaneous price and asset deflation (although the merchant gets their full price with the rebate aspect of the policy) is the textbook definition of good economic times. It makes the central bank the BFF of the individual and the commercial agent instead of the docile deceived slave of the civilization-long monopoly paradigm for the creation and distribution of all new money which is the applied concept known as Debt Only. A central bank is necessary, but the FED was created to be the hand maiden of the banks in “normal” economic times and its bail bondsman when their monopoly paradigm of Debt Only destabilizes the economy by overloading it with PERSONAL debt not the “national” debt.

Roger we should get together and become the two old coots who pulled back the curtain on The Great Oz, and also ushered us all happily into a Copernican level change in the monetary and economic systems.