Public Roads & Bridges
It is a good idea to “invest” in roads and bridges to help our
economy. To provide sustainable relief, the money must be created and
“spent” into circulation not created and “lent” into circulation.
Money created as loans and “lent” into circulation only creates the principal. The principal is uncreated when repaid.
Adding interest creates a debt greater than the money supply. More
borrowing is required to pay the interest causing the inevitable crisis
situation we now face.
Borrowing more to pay this debt has not worked, will not work and cannot work. It’s mathematically impossible.
Investments should show a growing benefit over time. America’s
“investments” have not shown the desired returns not because of
“spending” but because of”lending” and using an evidence of unpayable
interest bearing debt as our medium of exchange.
The proposed “spending” spree to build roads and bridges is not what
it is at all. It’s another “lending” spree whereby money is created and
“lent” before it is “spent.”
We can only get rid of debt by paying for it with something that is
not a debt, money that is created not as a loan but as a debt-free
payment for production that benefits everyone. Roads and bridges would
Spend it. Don’t lend it.
[quote=Gregory K. Soderberg]Roads and bridges wouldwork.[/quote]Investing in a nationwide passenger rail system would be an even better.
Yes, nearly any type of production would work.
A debt-free medium-of-exchange actually represents some form of the people’s production that benefits all of society equally. That’s what silver and gold coins were under the principles of the 1792 Coinage Act—the peoples’ production , raw bullion, ‘monetized’ free of charge to the producer (coined) who then ‘spent’ them into circulation for someone else’s production. A medium-of-exchange with no debt. The supply increased with productivity gains. The people controlled their money supply. It did not have to be repaid nor extinguished. Additionally, all society benefitted equally because they could all use the debt-free Meedium-of-exchange. Not keeping it to production that benefits everyone equally moves us towards special interest.