This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.
In fact, as long as new money produces goods and services, inflation can't occur. Only imbalances cause problems when demand exceeds supply. In contrast, price stability is assured when both increase proportionally.
It's not pie-in-the-sky. It works and can again by returning money power to public hands where it belongs. Doing so will end Wall Street's responsibility for massive fraud, asset bubbles, record budget and national debt levels, and depression-sized unemployment, human need and anger.
Today's contagion is global. Billions suffer. Economies are wrecked to save banks. Washington is Wall Street occupied territory. So are European financial capitals because governments provide trillions of dollars to socialize losses, privatize profits, and hang their own citizens out to dry.
Replacing a predatory system with public banks working responsibly with small community one like B of C and non-profit credit unions can change things.
Now's the time under a just and equitable system. Besides peace, good will, democratic values, and government, of, by, and for everyone, what better idea is there than that when it's needed more than ever!
Stephen Lendman lives in Chicago and can be reached at Email address removed .
Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
http://www.progressiveradionetwork.com/the-progressive-news-hour/ .
Next Page 1 | 2 | 3 | 4 | 5 | 6
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).