We hope educators at every level will teach "Money Matters" in all of our schools--at every level.
We hope every library in the country (starting with the LOC) will start "money question" discussion groups on this subject (at their libraries and online) in an effort to make the public more money-savvy. Is your library well stocked with information on money? Can they answer the public's basic questions?
A challenge to you personally. Pick one of these questions, research it, write a report and send it to your elected officials.
1) Why does the U.S.A. borrow money when it can create all the money it needs, in accordance with its rights as a soveriegn nation?
2) Does creating money through debt create inflation?
3) Does the U.S.A. really spend over $400 Billion per year on interest payments on its debts?
4) What are all the possible causes of inflation? Which of these causes create the most amount of trouble?
5) What problems are caused by inflation?
6) What segments of the population are hurt most by inflation? You might be surprised when the final answer is in.
7) Does interest on bank loans cause inflation? -- lots of people claim it does? (we are working on an answer to this one)
8) If interest rates are raised--is that an effective way to fight inflation?
9) What tools are available to stop inflation? How does each work and how effective is it?
10) What are the unwanted side effects of raising interest rates to fight inflation?
11) Does raising interest rates cause unemployment and a collapse of the economy? Wright Patman says it does.
12) What are all the possible causes of deflation? Which of these causes create the most amount of trouble?