The three legs the Kucinich Bill: HR 6550 the National Emergency Employment Defense Act: 1) End the private creation and destruction of money through fractional reserve banking, and replace it with full-reserve banking. 2) Replace money supply with debt-free US dollars issued by the treasury, in an amount specified by an independent monetary commission. 3) [...]
Archive for the ‘Documents’ Category
PDF of Yamaguchi’s “Workings of a Public Money System”
Being intensified by the recent financial crisis in 2008, debt crises seem to be looming ahead among many OECD countries due to the runaway accumulation of government debts. This paper first explores them as a systemic failure of the current debt money system. Secondly, with an introduction of open macroeconomies, it examines how the current system can cope with the liquidation of government debt, and obtains that the liquidation of debts triggers recessions, unemployment and foreign economic recessions contagiously.
The NEED Act, H.R. 6550: The National Emergency Employment Defense Act of 2010
Cick here for a PDF of Dennis Kucinich’s brand new monetary reform act.
A Program for Monetary Reform, the 1939 Document
We have several different file formats of the rare document available, thanks in part to Zarathusthra and Joe who retyped and reformatted the entire paper from Joe’s Xerox copy of the original. Also, thanks to a frequent visitor of our website, for translating it into German. 1) A Program for Monetary Reform (clean, 29 page [...]
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