10
8
6
After President Roosevelt died in 1945, his vision for an Economic Bill of Rights was kept alive by Martin Luther King. "True compassion," King declared, "is more than flinging a coin to a beggar; it comes to see that an edifice which produces beggars needs restructuring."
MLK too has now passed away, but his vision has been carried on by a variety of money reform groups. The government as "employer of last resort," guaranteeing a living wage to anyone who wants to work, is a basic policy of an approach called Modern Monetary Theory (MMT).
What was sufficient for a simple agrarian economy does not provide an adequate framework for freedom and democracy today. We need an Economic Bill of Rights, and we need to end the privatization of the national currency. Only when the privilege of creating the national money supply is returned to the people can we have a government that is truly of the people, by the people and for the people.
