/biz/ - Business & Finance

The circulation of a medium of exchange issued and backed by the
Government can be properly regulated and redundancy of issue avoided by
withdrawing from circulation such amounts as may be necessary by Taxation,
Redeposit, and otherwise. Government has the power to regulate the currency and
credit of the Nation.

Government should stand behind its currency and credit and the Bank deposits of the Nation.
No individual should suffer a loss of money through depreciation or inflated
currency or Bank bankruptcy.

Government possessing the power to create and issue currency and credits money and
enjoying the right to withdraw both currency and credit from circulation by
Taxation and otherwise need not and should not borrow capital at interest as a
means of financing Governmental work and public enterprise. The Government
should create, issue, and circulate all the currency and credit needed to
satisfy the spending power of the Government and the buying power of the
consumers. The privilege of creating and issuing money is not only the supreme
prerogative of Government, but it is the Governments greatest creative
opportunity.

By the adoption of these principles the long felt want for a uniform medium will be
satisfied. The taxpayers will be saved immense sums of interest, discounts, and
exchanges. The financing of all public enterprise, the maintenance of stable
Government and ordered progress, and the conduct of the Treasury will become
matters of practical administration. The people can and will be furnished with a
currency as safe as their own Government. Money will cease to be master and
become the servant of humanity. Democracy will rise superior to the money power.