Ellen Brown is closing in on getting it. She only has a minor hangup regarding interest, per se. Even if the Public Bank returns it to the people's government or system that isn't about the elites, it remains not only unnecessary but subject to Michael Hudson's critique of the interest-system.As much as I admire Ellen (and I do), Ellen wants to leave the decisions in the hands of commercial bankers working with the Public Banks she envisions. I want the decision making moved to the people as directly as possible: grassroots up.
I've been having a closed discussion/debate with several MMTers (Modern Money Theorists), some of which I've posted previously: Modern Money Theorists Need Instructional Videos!
In that discussion, I've brought up Public Banking, interest-free United States Notes, grassroots democracy replacing the commercial-banking system, a new monetary authority replacing the current Federal Reserve System, and a number of other topics.
When I get more time, I'll try to update the blog with my side of the conversation.
I'd post the whole thing, but as I said, it's a closed discussion. I haven't and won't be revealing the names of the participants without their prior written approval.