Cash, Money, Currency, Does not exist until a loan is approved. Approved by non government corporate banks which are all banks.
When a person is approved for a loan the bank essentially creates the money right then and there. Then the customer uses the note of debt to purchase.
Now, that money is in circulation to be re spent and re loaned an infinite amount of times.
The question is "Is our banking system a part of infrastructure and a responsibility of our government"?
Do we want our gov handling this business? They sure mess up everything else they touch….
The interest rates are where shit happens. Charging interest over and over and over and over to re loan and re loan and re loan money that interest is already being paid on like a pyramid scheme.
Perhaps one initial interest charge should occur then once the money is used it cant be charged interest again?
IDK really how it should work.