Joe discribes the idea of “the priority use of the money supply” and how it is one of the benefits that goes to whomever has the right in an economy to create the money. Private interests (banks) control it now, but the monetary reforms outlined in the American Monetary Act would give it to the public.
Pete calculates that a 2% annual increase in the money supply for a $12 Trillion economy like that in the US, could mean a $500 Million annual boon to each congressional district, if that’s how it were allocated.
