More than 100 years ago, Congress surrendered the power to create money to private banks. If we take it back, we can extinguish debt, rebuild public infrastructure and propel the economy forward like a rocket.
A 3-part proposal to eliminate the national, state and local debt, rebuild infrastructure, refinance student debt to stimulate the economy, while partnering with state banks.
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)