A friend of mine insists that the fact that all money is, in essence, loaned into existence by banks and thus creates debt, is at the root of our economic problems, and that what we really need to do is switch over to "fiat money," like the "greenbacks" the US government printed in the Civil War, or the "Continentals" that were our nation's first currency. If you have already talked about this in one of your radio shows (which I only recently became aware of), could you please direct me to the appropriate radio show, and, if you haven't, could you please talk about this issue? Obviously, one drawback to it is that our current government would never implement it, but, beyond that, what are its pros and cons? Thank you!
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