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>Normal banks that hold money. 100% reserve banking. Loans and Home mortgages would be impossibly difficult to get. You do realize that when we get a loan from

• wallace_f 9y ago
  Nothing is for free. There are no magic tricks that create free money. If you think about this, home loans (and moreso the banking empires) are subsidized by the average worker and money-holder. However, with a k-percent rule keeping inflation at 0.5-1% it would not be that much harder to get financing. I do agree we need monetary growth to avoid commodity money. In other words, we don't want people holding money because it grows in value--we want people to have some incentive to invest it. If you want to give people free money to buy houses, just give them free money. Wall St & the Fed are a criminal middleman profiting off everyone else's expense. The real question is how do you fairly grow the money supply if we cut out the Fed? Maybe finance national healthcare this way. Hospitals could issue currency and buy securities on the open market. We could even restrict it to treasuries to subsidize the national debt like we do now.