Monetary Reform: Series 1

The titles ("Monetary Reformer Bill Still has put his hat in the presidential race as a Libertarian candidate. What are your thoughts? | LinkedIn") of the individual parts (1-11) in the series might lead one to assume the discussion is rather limited in scope. That would be a grave error. The discussion is far-reaching, cutting-edge, and is more than touching upon a variety of ideologies, economic schools of thought, financial arrangements, accounting understanding(s), and religious and other aspects: the whole of political economy, frankly.

Those subjects are being discussed not from one side but by individuals of various schools and who have been in disagreement as to whether the other "schools" are right at all and also whether and how to merge concerning those areas that are able to be worked out.

We are discussing the pros and cons concerning a complete overhaul of the global economy starting with the United States and the pros and cons of each portion of any reform.

Monetary Reform: (subject to change)

  1. Currency reforms
    1. United States Money
    2. Doing away with coins (metal) and paper money (governmental assistance in transitioning)
    3. United States Notes
    4. US Constitutional amendment to end governmental borrowing (to be done outside the NEED Act (H.R.2990: National Emergency Employment Defense Act of 2011) or within it as a call) and to clear up all confusion regarding the meaning/scope of the expression "coin money" (the section of the bill would not take effect until ratification of the constitutional amendment)
  2. Fiscal policies and practices
    1. Immediately paying off/retiring the National Debt (in a non-inflationary manner); issuing credits with the US Treasury Dept.
  3. Banking reforms
    1. Ending fractional-reserve banking
    2. Publicly owned banking
    3. Banking as a public utility
    4. Single bank/single depository (US Treasury)
    5. Free Banking (not to be confused with laissez-faire): Charge no fees for "checking"
    6. Issue Treasury Cards (in lieu of private or publicly traded commercial banking debit cards)
    7. Ending debts (funding rather than lending)
    8. Ending usury (all interest)
  4. Tax reforms
    1. Zero taxes
  5. Infrastructure overhauls
    1. In addition to other things:
    2. Public housing (not warehousing the poor but developing high quality-of-life communities)
  6. Welfare-state reforms
    1. In addition to other things:
    2. Fully funding the educational system through the post-graduate level (no more college-loan debts)
    3. Free, public high-skills training
    4. Free, public continuing education structured to allow full-time and/or part-time work depending upon individual capabilities and desires
  7. Democratic reforms
    1. Bottom-up, pure democracy
    2. Local citizen-councils
    3. Democracy in the workplace
    4. Employee ownership
    5. Full, equal "profit"-sharing
    6. Fully shared citizen-owner-employee decision-making
  8. Regulatory reforms
    1. Open, transparent government
  9. Governmental computer-network reforms
    1. Real-time, opensource
    2. All-items PI (Price Index: consumer and industrial/commercial) measuring and regulating of the money supply and flow-rate(s) (velocity and directions) targeted to zero inflation/deflation at targeted productive (non-finance capitalism) growth and in lieu of the NEED Act MA (Monetary Authority)
  10. Full-employment via public employment (New, New Deal but without limitations placed on type of work, training, etc.)
  11. Prosecutions
    1. Address Wall Street abuses via investigation, full auditing (including of the Federal Reserve), and prosecution along the same lines as used in the Savings and Loan collapse; claw back ill-gotten gains
    2. Punishment versus reconciliation/rehabilitation (I strongly favor the latter)

We are not simply discussing theories but are working on amending actual legislation that has been introduced in the Congress of the United States: the NEED Act (H.R.2990: National Emergency Employment Defense Act of 2011).

It is my contention that this conversation can be, should be, and will be the seedbed for fixing the global economy.

(My perspective/input: If you read my commentary and proposals, you should readily see that I am working to conflate around what is best for all.)

The full discussion: Monetary Reformer Bill Still has put his hat in the presidential race as a Libertarian candidate. What are your thoughts? | LinkedIn

Monetary Reform Series 1:

Part 1

Part 2

Part 3

Part 4

Part 5

Part 6

Part 7

Part 8

Part 9

Part 10

Part 11

Part 12

Part 13

Part 14

Part 15

Part 16

Part 17

Part 18

Part 19

Part 20

Part 21

Part 22

Part 23

Part 24

An open letter to The Honorable Dennis Kucinich: Re: H.R. 2990: National Emergency Employment Defense Act of 2011 (NEED Act): Part 25: Monetary Reform: Series 1

Part 26: #ows Fed $7.77 Trillion Secret Bank Loans: Dennis Kucinich's NEED Act

Part 27: Pavlina Tcherneva - Bottom Up Fiscal Policy: Direct Employment of the Unemployed - YouTube

Part 28

"The ECB is Engaging in Massive QE," by Marshall Auerback: Part 29: Monetary Reform: Series 1

"Bank Credit/Debt Money and Check Clearing/Cashing": Part 30: Monetary Reform: Series 1

"No Gold; Britain's Positive Money Movement; NEED Act; and more": Part 31: Monetary Reform: Series 1

"No Gold; NEED Act; and more": Part 32: Monetary Reform: Series 1

"NEED Act Needs Internal Marketing, Clarifying": Part 33: Monetary Reform: Series 1

"Georgism (Henry George) Doesn't Go Far Enough": Part 34: Monetary Reform: Series 1

"NEED Act Revolving Fund 'Dead Money'": Part 35: Monetary Reform: Series 1

"Ellen Brown's Position on Public Banking and Fractional-Reserve Lending": Part 36: Monetary Reform: Series 1

Brief notes on Ben Bernanke's part 1 of 4 lecture to college students, Tuesday, March 20, 2012


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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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