Central Banking, Where Money Comes From, Quantitative Easing
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Richard Werner wrote, "Princes of the Yen" and has some very interesting things to say about money and credit. He also coined the phrase "quantitative easing", which of course has since been bastardized by the typical words-games people to stand for the opposite of what he originally proposed in Japan to help solve their "lost decade" crisis.
Where money comes from in our modern economic system is quite surprising. It has direct implications on how we should regulate banks and how and to whom they should be allowed to make loans to.
The only entity that should be allowed to create money is Congress. Banks should NOT create one red cent. If they want money to loan out, they need to earn it, receive a deposit, or borrow it themselves.
Government should NEVER issue bonds to raise money, at least the Federal Government. If it is spending more than it takes in in taxes, then it is increasing the money supply and if the economy isn't growing at the same rate, we're going to get inflation.