I don’t have a problem with the Fed making interest-free loans to banks, but I do have a problem with the fact that not enough of that money is trickling down to small businesses. The SBA is on the verge of running out of money: https://www.foxbusiness.com/economy/small-business-aid-program-set-to-run-out-of-money-later-today

This shouldn’t be happening in a monetary system where money is literally created by making loans out of this air. How are trillions of dollars being created, yet only a small fraction of that is making it to the SBA?

My “solution” is one that I didn’t venture into in this article, as it’s best to keep reads under 9 min :-) The rich will always own a disproportionate amount of wealth in a monetary system that’s based entirely on debt, and that is really the crux of the problem. When the money we create is debt, we become trapped in an endless loop of consumption, growth, and inflation that really only serves those at the top of the income pyramid. It’s essentially a Ponzi scheme.

I believe in free market capitalism with all my heart, but that’s not what we have now. We need to go back to basics. Back to money that has intrinsic value, back to money that’s not based on debt, back to money that’s created by our government and not by private banks. It’s that simple. Actually, it’s not — because the powerful interests who control this country and our economy would probably prefer to see it burn in flames than give average Americans access to “real” money.