The demand for a Reserve bank had been loud from the Western states particularly subject with dismaying frequency to the monetary control of the Easter Money Center Banks. Farmers were regularly busted out by their mortgages being called by banks subject to demands of the East. Plus, the deflation almost always associated with the gold standard crushed those borrowing money.
There is no real alternative to a Central Bank in a modern economy, superstition aside.
So you think the endless boom-bust cycles (including the Great Depression) and the inflation slavery of the Federal Reserve system is preferable to a little deflation now and then.
There is no real alternative to a Central Bank in a modern economy, superstition aside.
It looks to me like there are five issues that the people need a debt-based society for (things they have to borrow for or want the government to provide a safety net for).
Homes
Personal transportation
Retirement
College/Retraining/Unemployment Insurance
Health care
I think a system could be set up where the consumer would not have to borrow for these things thus making banks for the average consumer not needed. It would work by establishing an account when a person is born, dividing into these five categories, and letting the accounts grow by investing in the nation's businesses, and then having a schedule set up where the investment returns are distributed to each citizen for life's needs (upgrade to homes every ten years, upgrade personal transportation every 5 years, etc). Each citizen would be free to add into the system to have better-than-average upgrades, etc.
All fiat currencies fail and when our dollar fails it'll be much worse than a little deflation. Our enemies will use the occasion of our currency failure to enslave us even worse than the Federal Reserve has since the Wilson administration. It's part of the grand plan.