Howard Switzer
1 min readNov 24, 2022

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Write on Jared but the psychological consequences of usury drives a horror show in every sector. The root of the problem is the money system. Change the money system so banks are no longer allowed to create money and implement a public system issuing debt-free, permanently circulating asset money created exclusively for the general welfare of the people, which is what Greenbacks were. How did they affect the economy? HENRY CAREY, CHIEF ECONOMIC ADVISOR TO PRESIDENT ABRAHAM LINCOLN, was the major proponent in the Lincoln Administration of issuing debt-free US money, Greenbacks. In referencing the US economy under the Greenback system, he said, …”for the first time, too, in the history of the world, there has been presented a community in which nearly all business was done for cash, and in which debt has scarcely an existence…there has been a large and general diminution of the rate of interest…traders have therefore become more independent of the capitalist, while the country at large has become more independent of the ‘wealthy capitalists’ of Europe.” As the ancient Greeks recognized 3000 years ago, issuing the money was THE MOST VITAL PREROGATIVE OF DEMOCRATIC SELF-GOVERNANCE.

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Howard Switzer
Howard Switzer

Written by Howard Switzer

Howard Switzer is an ecological architect and monetary reformer in rural Tennessee.

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