I think we should cut this at the source. I never like taxing bad things where alternatives exist, let's just stop banks creating money. They should be intermed

I think we should cut this at the source. I never like taxing bad things where alternatives exist, let's just stop banks creating money. They should be intermediaries of funds not creators. https://bankunderground.co.uk/2015/06/30/banks-are-not-intermediaries-of-loanable-funds-and-why-this-matters/ https://bankunderground.co.uk/2015/06/30/banks-are-not-inter... I think it's not possible to stop land speculation so it should be taxed to pass the gains onto the people. As most money is issued against land let's have a land value tax. Secondly let the state decide how much money can be created each year via an agreed growth target, set by...look away now if you are a neo-liberal zealot...the state. Thirdly use LVT to provide an efficient basic income and to do away with income tax. Why do we tax work? We tax carbon to stop people emitting carbon. The current "system", if one can even confer such a name on such a dog's dinner, is insane. Regarding US M2, do we really have step jumps in productivity? Is it not reasonable that we see this trend upwards in a smooth(-ish) fashion? If so then bank issuance tracks productivity gains, no? #### EDIT ##### Will have to stop posting now as whenever I post about finance and question banks hacker news emits a fake "you are submitting too fast" message which I just got now replying to a different thread about zsh on a different page. I also cannot edit my top level comment two above this. What a great platform for debat HN has. Clearly they are confident in their model of lending and taking a cut and someone posting conflicting information that questions usury is no threat to them at all!