Nick Egnatz
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For those that fear government being in charge of money creation, how can you be comfortable with the current system of banks creating our money? With the current system we need only listen to U.S. Senator Richard Durbin when he famously said that “the banks own Congress.”
The only way the people can own the U.S. Congress or any other government is if the government creates the money. Otherwise who ever creates the money will own Congress or any other government.“When society loses control over its money system, it loses any control it might have had over its destiny.” Stephen Zarlenga, Director American Monetary Institute
“The Mistake lies in fearing money and trusting debt.”
Henry Simons, University of Chicago economist from the depths of the Great Depression in the 1930s“True monetary reform must take a better path. The American Monetary Institute’s (monetary.org) research indicates that money, properly defined, is a legal institution of society and government; not a commodity or economic good of the markets; that if money is a legal institution, then the control of monetary systems can be rightfully viewed as a proper function of government; much as the law courts are.” Stephen Zarlenga, Director
Money is an abstract legal Power that belongs to the state to promote the general welfare of its people by enabling trade and commerce to exist and flourish in a society.
Linking Social Justice to Monetary Reform should help understanding the nature of money.
https://www.alpheus.org/linking-social-justice-to-monetary-reform/
