15min of Richard Werner on Money and Credit
(www.youtube.com)
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* banks can only loan to businesses and only to grow businesses.
* no consumer credit. That means no home loans, no car loans, no credit cards, no medical loans, etc... pay with cash or not at all.
* no financial credit. That means you cannot borrow money to buy stocks, bonds, or other financial devices.
* millions of small banks, not a few big banks. If a bank is too big, bust it up. Allow people to create banks, especially nonprofit or coop banks.
* separate out banks that accept deposits vs. Banks that issue loans. Depository banks only allow deposits and withdrawals. Loan banks create loans only.
* only congress can print new money, which is either spent directly or made available to loan banks at interest.