Public Credit hour to replace monetary "policy"

Do you think that the “monetary stimulus” could be of any use amid the tremendous deficiencies in health systems, medicines, food, energy, in societies attacked by COVID 19 and the recession? Will it even serve to rescue the unpresentable hedge funds?

No …. as evidenced by the case of the USA, which has flooded the markets with “quantitative issue” to overcome a 40% drop in the Stock Market, despite which the markets do not recover to previous levels, while interbank loans and corporate debt continues to plummet.

This leads us to review the “economic” axioms that have led us to the current financial crisis: the monetarist cult, by Milton Friedman, including the theoretical impostor called  Keynes; They assume that money is synonymous with wealth. This contractive axiom, closely related to Malthusianism, assumes that the size of the population must "fit" with the "available" resources, and not the other way around. This "golden calf" is inspiring decisions for all governments except China and Russia, turning to the "market" for the most serious decisions

In contrast to this, to close its health, energy and food gap, the world needs a public credit system, as the United States did, with the first and second National Banks of Alexander Hamilton (1791 to 1836), the issuance of greenback banknotes (1862 - 1865) by Lincoln and the FDRoosevelt Financial Reconstruction Commission, CFR. The idea: the issuance of currency constitutes a credit from society to the State, and this credit is directed to productive investments, especially infrastructure. The State directs the credit. This policy is one of the 4 Laws to save the nations, proposed by the North American economist LaRouche.

Today, public credit is misdirected exclusively to banks, at extremely low rates, between 0 and 2%, and these recharge leonist interests to companies and families, and digest it to financial speculation

What do you think, citizen? What do you choose for your country: monetarism or directed public credit?

04/08/20