Incredible But True. How to avoid inflation. Now, inflation can be avoided if the amount of money that goes into the economy is regulated in a way that it doesn't exceed the actual activity that's happening in the economy.
List of links to sources

We believe that the activity of supplying a nation with money should be completely separate from the activity of banking. What we need to do now is update that law from 1844 to make the digital money real money. It could be electronic money, but it needs to be classified as money. We just want banks to be like every other private company in the economy, to be subject to market discipline.

List of sources:


Pagination:

1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 7, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40

So to lend to a bank we simply use the computer to mark up the size of the account they have with the Fed

Not if it doesn't make a profit for them. Instead, they use their licence to print money to gamble on the financial markets and push house prices out of reach of ordinary people by pumping hundreds of billions of pounds into risky mortgages. This is exactly how the banks caused the financial crisis, and now the rest of us are being asked to pay for it. If we can't afford to run hospitals and build schools, can we really afford to subsidise the financial industry? Should we have to live with less so the bankers can have more?

During the long phase of commodity money, because there is no defined commodity behind the reserve currency. During the long phase of commodity money, the exchange rate would depend on the amount of gold, silver or copper contained in the coins of each country.

Anybody involved in that is keen on seeing a deregulated world.

It's because prices are always going up because all this new funny money is being pumped into the system by the banks and they're creating it all as debt, so as prices are going up and things are getting more expensive, we're getting further and further into debt, and our wealth and the return that we get from actually working is getting less and less all the time.

The math that's inside of them is complete nonsense it turns out. There's far more risk attached to trying to securitise risk and securitise debt in the way that we have done this than we thought, and we now think these things are now worthless!