Money Creation

We have no permanent money supply in this country. If someone doesn't borrow money, it doesn't exist. Yet, our entire system relies on money to function. This is an absurd predicament, yet very few people discuss it today, unlike in the 19th century, when it was a top story.

“The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power.” - Abraham Lincoln