Our debt-based monetary system conceals a brutal fact: indebtedness to private sources for the acquisition of money is an unnecessary scourge on our economy and societal well-being. But with everyone, including local and state governments, in debt over their heads there’s nowhere to get more without digging the hole deeper. Systemically, the debt-money regime has run its course. Happily, alternatives are being explored in the form of outright free public issue of money directly to the people -- “QE for the People.” We look at several dimensions of these ideas. Ellen speaks with noted UK professor and author Mary Mellor about the democratization of money and financial systems. Co-host Walt McRee discusses the current Bretton Woods IV Convocation which is focusing on the vital need for reclaiming public control of money, and on the Public Banking Report Matt Stannard takes a look at the morality of money.
September 30, 2015