#monetaryreform — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #monetaryreform, aggregated by home.social.
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The "maladjustment" by William Waite
https://substack.com/home/post/p-162912919
Quote:
'There is an alternative. Where there is a shortfall of consumer purchasing power it could be made up with steady and measured credit injections directly to the public. This would render the old system obselete. No longer would new investment be required solely to distribute money for consumption. There would also be a reduction in the need for consumer and government debt. The monopoly of credit would be broken, its power distributed and decentralised.
Easy fix. That doesn’t mean we’re going to even talk about it. The monopoly of credit is nothing if not tenacious and people remain mostly blind to the irrationalities of debt-economics and full employment. Politics is reluctant to lead where the public is unprepared to follow.'
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"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
― Lord Acton
Good to know which side the Republicans are on.😏