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9/15/2022 07:11:00 AM
Thanks for the clarification. To me, this doesn't seem like money creation comes from you and me though. It ultimately derives from capital holding institutions, which I may be only if I happen to have the privilege of significant accrued capital. What do you think of the idea I proposed above for money creation to follow from a more fundamentally democratic approach like a UBI? Rather than working through credit on capital for new money, we would issue a finite amount of new cash and distribute it equally to every citizen. To me this represents a fundamentally more fair way of distribution than concentrating the power of money creation in the hands of those who already have it.