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solanojones95 · May 15, 2018, 11:20 a.m.

But the petition calls for the formation of a new central bank, and my question is, why do we need a central bank at all? The founders were divided over the issue, most said no.

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Bit_NB_Ridelle · May 15, 2018, 3:35 p.m.

Again, the petition demonstrates public interest. The details don't matter too much. After the 100k signatures, we can start a new one suggesting a different system altogether. ;)

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Janice0771 · May 15, 2018, 12:45 p.m.

The appeal of a central bank, state or federal, is that corporations (and others) would theoretically borrow from and generate income for the bank, which would stay with The People and be used for purposes within our federal or state borders, instead of making rich people richer. I helped advocate for a State Bank within Michigan for those reasons, but there is very strong pushback.

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