dChan - Q Origins Project Archive

BO AND Q - Posting again, sry anons i think its important

Econfag here

I submit to you an alternative to our current monetary system.

It's what Lincoln used to finance the Civil War, without being indebted to European [++] banks.

It's what Hitler (i know i know) used to get Germany out from under the League's crushing indemnity.

THE CHICAGO PLAN REVISITED

Reference: https://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf

Quote from the paper:

The United States monetary experience provides similar lessons to that of the United

Kingdom. Colonial paper monies issued by individual states were of the greatest economic

advantage to the country (Franklin (1729)), and English suppression of such monies was

one of the major reasons for the revolution (Del Mar (1895)). The Continental Currency

issued during the revolutionary war was crucial for allowing the Continental Congress to

finance the war effort. There was no over-issuance by the colonies, and the only reason

why inflation eventually took hold was massive British counterfeiting (Franklin (1786),

Schuckers (1874)).17 The government also managed the issuance of paper monies in the

periods 1812-1817 and 1837-1857 conservatively and responsibly (Zarlenga (2002)). The

Greenbacks issued by Lincoln during the Civil War were again a crucial tool for financing

the war effort, and as documented by Randall (1937) and Studenski and Kroos (1952)

their issuance was responsibly managed, resulting in comparatively less inflation than the

financing of the war effort in World War I.18 Finally, the Aldrich-Vreeland system of the

1907-1913 period, where money issuance was government controlled through the

Comptroller of the Currency, was also very effectively administered (Friedman and

Schwartz (1963), p. 150). The one blemish on the record of government money issuance

was deflationary rather than inflationary in nature.

tl;dr Federalized money that cannot be owed to private banks>>4323378

This is how we can pay off the debt and let economic growth rip.