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A Message to the Green Party National Committee and Howard Switzer Regarding Monetary Reality

So, as progressives, we need to recognize that we ought not be sidetracked by distractions or false causal theories about our ills being primarily due to our economy being based on “private bank debt money” rather than “public bank-sovereign money.” In both cases, it’s the high-powered public money created by the Federal Reserve System that is at the foundation of the economy.