Let the Banking System Burn

Capitalism had fallen on its face. It was refusing to get up. The only policies that could have helped bring capitalism on its legs again would be a kind of new deal, a Rooseveltian new deal. Instead they pumped huge quantities of cortisol into our banking system and our public debt system. So we have the same crisis that began in 2008 continuing today. There are two things you can do with the banks. One is to continue to prop them up, socialism for the bankers. The second thing is to deny them the monopoly that they enjoy over our payment system and over our savings. With digital technology today, there's absolutely no reason why the Fed should not give a digital wallet to everyone