Today what we think is US paper money belongs to the Federal Reserve System, which is a private corporation run for the profit of its stockholders. Governments should never borrow what they have the duty to create . . . A sovereign government should never borrow money. When it does it loses its sovereignty to its creditors. National governments should pay into circulation whatever money is needed to maintain the economy at a healthy level of activity.
Money is to an economy what blood is to the human body.
Too little is as bad as too much. It is the central government's primary responsibility to ensure that there is just the right amount of debt free and interest free money in circulation to sustain a healthy level of economic activity. Make interest a bookkeeping fee instead of a rate . . . Second, what we know as interest today must become a simple fee for service - a charge for bookkeeping. This would stop debt from compounding because a simple fee would add a small amount to debt, most of which would be paid to bank employees and be spent back into circulation.