Iceland is starting an important discussion… how should money be created?
The government of Iceland is considering removing the power of commercial banks to create money and handing it to the central bank.
Phi Beta Iota: The US Constitution calls for the government, not banks, to create the common currency. Corrupt politicians gave that power away, they can take that power back. This is one of the issues a virtual Constitutional Convention could discuss in the run-up to the November election in the USA.