Under the “Neocons Stay on Message” post, a commenter mentioned something that might be worth discussing at length, especially for the benefit of newbies who may be unaware of the pitfalls of America’s current money system. If our money system is ever reformed - granted, that’s a big “if” - what type of system would be best? One idea that has been tossed around is: state banks using U.S. Treasury dollars, i.e., real dollars issued by the U.S. government, not Federal Reserve Notes issued by the Federal Reserve. According to this idea, the state banks would not operate for profit. Instead, they would operate simply as a public service, and would be funded by tax dollars. (A similar idea would be state banks using state money). Privately-owned, for-profit banks would be illegal. Readers surely have some ideas about this.

More...