(9AM EST – promoted by Nightprowlkitty)
and take it away from the banks. Since 1913, the bank’s have had the power.
“My bill would replace the Federal Reserve System’s dependence on private banks to create credit. In its place, a Monetary Authority under the Treasury Department would directly inject liquidity into the economy by purchasing much needed public infrastructure repair. Today, we have idle capital, millions of able-bodied but unemployed workers, unused equipment, and record low interest rates. These conditions are the best possible time to make a long-term investment in our nation’s infrastructure.”
Just so simple. Let the government print the money and spend it into existence like the framers intended.
The concept is so simple. If you could print money in your garage, would you borrow it from a bank? Of course not. So why do governments borrow from banks, when they could just print what they need? Answer: because the banks own the governments.
This probably won’t pass and Ron Paul is too stupid to understand why this would work, but it is what we need.
Unfortunately, I am sure the banks have a contract out on Kucinich by now.