Banks are behind our boom-and-bust economy, creating money in the form of loans (mostly to industry, but also mortgages), conducting our industrial policy behind our backs. Why? Are they really so omniscient, so capable of steering us into a bright future? Shouldn’t they have public policy shaping their lending? Isn’t charging interest on money they create a scam? Just rubbing salt in the wound? Stealing based on their original theft from the public?
C.D. Douglas saw through the scam. But then so did simple colonists in British North America, far from London, with no gold handy for trading. Just as isolated groups with different native languages (e.g., slaves, POWs), develop a pigeon language to communicate and survive, colonists were forced by circumstance to issue money to ‘communicate’ and survive.
What is money? Yes, a measure of value, means of exchange, and store of value. Money can be created in many ways. Land speculation/ smuggling uses goods as collateral for action. Voila, money.

Seventeen years on, there is little that remains of 9/11 as physical evidence. The site of the tragedy was quickly cleaned up, too quickly in the view of many. Was that to hide incriminating evidence that exposes the real perpetrators, or just the instinctual reaction to a messy scene of destruction that you prefer to forget about?
The recent interest in a basic income (BI) parallels the suddenly growing acceptance of marijuana. Could this be more than a coincidence? In the 1920s--30s, the idea of government intervention to regulate the economy was right down there with frivolous use of stimulants as the devil’s work.
How to explain the welter of contradictions in US politics these days?
In 1987 Najibullah announced a ceasefire, a new constitution, an appeal for a coalition government with the fractious opposition. Najibullah’s rule is still fondly remembered as the best period in recent history by Afghans old enough to know. He had moved forward since he took over from Karmal in 1985, with a new constitution making Islam the state religion. He was an able commander, miraculously staving off the insurgents, leaving areas to local tribal leaders, who quickly restored pre-communist traditional village governance, settled down, and refused to join in the now Taliban-al-Qaeda world jihad.



