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-- destructive currency devaluations and economic warfare for private gain no longer would threaten;
-- private pensions, savings, and investments would be secure;
-- Social Security, Medicare, and Medicaid would be secure in perpetuity;
-- Washington, the states and local communities could produce comfortable surpluses; and
-- sustained prosperity overall would result, providing everyone affordable or free healthcare, education, and other essential social benefits.
It's not pie-in-the-sky. In colonial America, it worked impressively, first Massachusetts in 1691 with its own paper money called scrip, backed by the government's full faith and credit. Other colonies followed, freeing them from British banks, letting their economies prosper, inflation-free, with no taxation for 25 years, paying no interest to bankers. The secret wasn't issuing too much. It was recycling money into local economies for productive growth. Wherever it's been tried, it's work impressively. Brown's "Web of Debt" explained it.
Lincoln did the same thing with government-created money, interest free. What followed turned America into an industrial giant by launching the steel industry, a continental railroad system, and new era of farm machinery and cheap tools. Free education was also established. The Homestead Act gave settlers ownership rights and encouraged land development. Government supported science.
Mass production methods were standardized. Labor productivity rose exponentially during America's greatest growth period before the Fed's 1913 creation changed everything.
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