Click here to access article by Stephen Zarlenga from Huffington Post.
If it is true, as I believe, that the core of any capitalist ruling class are its financial/banking people, then this otherwise brilliant idea will go nowhere under the existing system. It will take a revolution by the people who must take real democratic control of the economy to effect the changes to the money supply and the Fed which he proposes.
Another shortcoming is that Zarlenga, in his enthusiasm for this new arrangement, does not see the threat of dramatic climate changes and increasing cost of diminishing resources. However, his valid conception of money goes a long way to demystifying what money is. I highly recommend his book.
