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My view: 1. Remove the popular election of senators, replaced with the original case of each state legislature appointing its own 2 senators. Decentralizes t

My view: 1. Remove the popular election of senators, replaced with the original case of each state legislature appointing its own 2 senators. Decentralizes the money aspect, makes it more likely that senators will focus on what benefits their state. 2. Federal Reserve is a big problem - there is no reason for US Dollars to have interest rates, any interest rates, attached to them. Leave off all the other theories etc. concerning the role of the Federal Reserve (which is a weird non-government agency that even Congress has limited oversight over). Just, don't attach interest to each dollar issued. How much interest would $100 issued by the Fed 100 years ago in 1918, have thrown off in the last century? Even Aristotle spoke against interest on money...

Gibbon1 8y ago
In the US since 1980 neoliberals broke the banking system in the US in the name of 'efficiency'. Efficiency to a neoliberal means efficiently being able to extract rents. So before 1980 if you graphed the US banking system you would see a tree structure. With the Fed on the top, leading to the regional reserve banks, the member banks. Then down to local banks. This meant that the flow of bank capital was more or less evenly distributed country wide. What happened was the banking system was flattened by removing limits on regional competition. Before 1980 it was illegal for banks to loan money outside their region. Once those restrictions were removed that lead to wildly uneven banking capital distribution. And then during the 2008 shadow banking crisis the Feds removed the wall separating investment banks from retail banks.