
Economic Reform Alliance
Economic Reform Alliance
"Working Together To Fix The Problem Not The Symptoms"
"Working Together To Fix The Problem Not The Symptoms"




Solutions/Result
Solutions/Result
To eliminate inflation will require that banks be nationalized and that the proper amount of money be in circulation to sustain true full employment. State Banks would loan money for the amount it cost to print and distribute, about two percent. All loans would be secured by payment of the interest on the loan in advance. The loan amount would be paid back over the agreed terms of the loan. This action will accomplish several very important objectives. It eliminates usurious rates and charges for money that cause inflation. It promotes true full employment, drastically reducing the need for social programs and other related social costs particularly for social unrest and it promotes a stable economy without radical fluctuations in wages, prices and tax revenues. The important point here are that inflation is the enemy of society, it cannot be controlled by manipulation of the money supply, and that by creating equity and stability we can create an economic environment that is significantly more humanitarian.
The existing banking and monetary policy system clearly has numerous flaws and inequities. Stating that a nationalized banking system would be socialistic is more propaganda used to justify this injustice. As a society we need to eliminate the current banking system that favors the wealthy and fosters monopolies. Nationalized banking would create an environment that would enable investors in businesses to have available capital without the need to pay excessive returns to stockholders or to worry about fluctuations in debt costs.
"Working together to Fix The Problem Not The Symptoms"