Land Value Tax: The only tax the Bible supports
Land Value Tax: More jobs per acre
Land Value Tax: The only tax with a fan club
Land Value Tax: The only tax which promotes production and development and reduces the cost of living
Land Value Tax: Better than a property tax
Income Tax: The trade tariff we pay on American labor, sending jobs overseas
Usury: Every major religion condemns it
Fractional Reserve Banking: Ponzi scheme that leads to the boom/bust cycle, compounded interest, and unpayable debt, whereby private banks profiteer on the issuance of the nation’s legal tender and have too much unaccountable power over the economy. This is our current monetary and banking system.
Gold Standard: Artificially increasing the value of gold and looting economies from 50 BC to 1935 AD
Greenback / Continental / Debt-Free Legal Tender: The only sound and honest legal tender, which can prevent the boom/bust cycle, national debt, and the special interest of government wasteful spending. If managed, the origination of such legal tender can also fund government without taxation while the economy grows without causing inflation.
Full Reserve Banking: The only sound and honest banking system. Banks would no longer be able to create and destroy the nation’s legal tender. They would have to provide honest credit and investment services.
Greenback + Full Reserve Banking: The end of national debt and welfare for the rich, freeing up trillions of national debt for better things
National Debt: Welfare for the lazy and idle rich
National Debt: The taxes we pay to give foreign aid to China, other governments, and the unproductive rich
Hypocrite: Libertarians who love free markets and hate government so much that they believe the government should intervene in free markets and become commodity traders by making legal tender backed by gold, artificially increasing the demand and value of their gold holdings
Hypocrite: Libertarians who love free markets and hate government so much that they believe government should enforce the state fiction of privatized land ownership with the coercion of the gun
Campaign finance reform that might work: Ban corporations, especially banks, from lobbying and making political contributions
Only economists speak of ending fractional reserve banking because the banks own the television news, magazines, and newspapers.
“It may appear that Positive Money’s proposal for banking reform is somehow too radical or too marginal, since mainstream media are rather silent about it.
But despite the fact that this information rarely makes it into current news, the fact is that many very well-known, important, respected and famous economists were or are calling for a full reserve banking system. Their proposals differ from each other, however the 100% reserve requirements is common to all of them.”