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Debate:
 Are Taxes
 Necessary

Reader Reply
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DEBT  &  WEALTH

DEBT & WEALTH—on which should money to be based ?  Debt based money created by bank loans provides liquidity to a macro economy that can be tested over decades and more.  It has been tested and it came up short.   We do not easily create full employment for men and machines with the purchasing power common in places using mostly debt based money.

All nations have an option.  They can spend some money into circulation that over time will accumulate in savings accounts of every person earning a living and able to embrace the belief in good conduct by everyone in business and government.

Those savings will replace debt and taxes in the macro management of growth and excellence in economic and aesthetic outcomes.

The notion of market price magic and greed as guides for economic decisions will be forgotten as inappropriate in an age of exponential growth in the science of logistics (supply of all it takes and demand that is never critical to macro performance.)

How large a percentage of countable money ought to have been lent into circulation

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