There is no reason for us to put up with recession, depression and
unemployment. The government simply has to put more money into
circulation. It can all be paid for if the government increased the
money supply by issuing national, debt-free money, as Lincoln did
at the start of the Civil War. We suffer from a failure of consumer
demand because of a lack of buying power - because of our failure
to use our God-given national credit to prime the pump. Our country
was pulled out of the Depression by priming the pump with liquidity
and funding new projects that put new money into the people's
pocket. Watering a liquidity starved economy with new, national,
debt-free money, - instead of borrowing money at interest from the
banks and then giving it back to the banks - would work wonders.
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