Social Lending - Ideas for Change in America

My idea for solving the credit and economical problems is to Abolish the Federal Reserve, place the power to print and control our money back into the hands of our own Treasury department. Then have Congress ask the Treasury Department to print up enough money to get our economy rolling again, and have all of this needed money available INTEREST FREE. That way we would owe interest money to nobody. Historically Kings refused to allow usery or interest charges by Banks and Lending Institutions because it interferred with economical growth, and it created a condition of stagnation to the economy. The only time that usery laws were recreated, was when Banks were empowered again, and started charging interest again. This struggle for the control an empires finances or a nations money supply, and the issueance of money, has been happening for many years. Thomas Jefferson made a speech concerning central banks controlling the issueance of a nations money supply. The speech goes as follows and I quote, "If the American people ever allow Private Banks to control the issue of their money, first by inflation, then by deflation, the Banks and Corporations that grew up around the Central Banks, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." That speech was written long before the privately held Bank called the Federal Reserve ever exhisted, but the same meaning applies today as well. Abolish our Central Bank called the Federal Reserve, and our country will prosper once again. Keep the Central Bank and our economy will continue to fail, its that simple. Banks should not be regulated, but they should be allowed to compete for their customers business. Competition is good for business. If a bank fails then it wasn't run properly to begin with and it should fail. - by Mike Young