New questions about money and banking

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Questions about money the American Public wants answered.

Send us questions to add to this list. There are no stupid questions -- only stupid couch-potatoes.

Send us answers if you have any. It is your civic duty to tell us what you know. Don't worry if you answers are incomplete -- others might be able to fill in the blanks.

We hope educators at every level will teach "Money Matters" in all of our schools -- at every level.

We hope every library in the country (starting with the LOC) will start "money question" discussion groups on this subject (at their libraries and on-line) in an effort to make the public more money-savvy. Is your library well stocked with information on money? Can you answer the public's basic questions?

A challenge to you personally -- Pick one of these questions, research it, write a report and send it to us -- we will publish it on this website. You can no longer say you weren't asked to help.

Why does the U.S.A. borrow money when it can create all the money it needs????
Are we being lied to?
Does creating money through debt create inflation?
Does the U.S.A. really spend over $400 Billion / year on interest payments on its debts?
What are all the possible causes of inflation? Which of these causes create the most amount of trouble?
What problems are caused by inflation?
What segments of the population are hurt most by inflation? You might be surprised when the final answer is in.
Does interest on bank loans cause inflation? -- lots of people claim it does? (we are working on an answer to this one)
If interest rates are raised -- is that an effective way to fight inflation?
What tools are available to stop inflation? How does each work and how effective is it?
What are the unwanted side effects of raising interest rates to fight inflation?
Does raising interest rates cause unemployment and a collapse of the economy? Wright Patman says it does.
What are all the possible causes of deflation? Which of these causes create the most amount of trouble?
What problems are caused by deflation?
What segments of the population are hurt most by deflation?
Who determines, and who should determine how much money should be in the national money supply?
Is it possible to measure the money supply?
Is economic theory the intellectual equivalent of religious dogma --- "belief without reason"?
Almost all businesses keep track of four basic business factors (1) income, (2) expense (3) assets and (4) liabilities. It is thought that it is necessary to keep track of these factors for the businesses to be under control. Does the U.S.A. keep track of those factors? If not, why not?
Does Fractional Reserve Banking make sense? Explain the advantages and disadvantages?
Why aren’t the basics of money and banking taught in schools?
Why isn’t there a concerted national effort to make sure that the American Public understands, in general, how our money and banking system works?
How do home loans work? (see Home loans in the 21st century)
Does the federal reserve system effectively have control of interest rates within the United States?
Does the last question even make sense -- in that all interest rates are, in general, set by contract between two private parties and the government has no right to set the terms of contracts between private parties in the United States.
Is new money actually created by banks when they make loans? Is there anything wrong with that system?
If the banks did not create new money who would?
Are banks exempt from anti-tax laws -- should they be?
Why do we have so few educational programs considering or money and banking syatem?
Is it necessary for new money to be created in order to keep the economy in good shape? Who determines the amount to be introduced and how is the money introduced into the system?
Which interest rates should be controlled and which should be left to the marketplace?
Can inflation be controlled, should inflation be controlled, How can inflation be controlled? (See “What Causes Inflation”)
Should each of the 50 States be allowed to create money?
What effect does inflation have on the economy and on the people. Does it a affect the rich and the poor equally?
Is it possible that continually adjusting interest rates charged by banks on the various types of loans causes more confusion and harm than good?
Should there be at least government recommendations for interest rate levels on various types of consumer loans. Should all State and Federally chartered banks be required to follow the recommended rates?
Can I, my church, city or company start a bank? (see "How to start a bank")
Is the government really committed to a sound-money policy wherein inflation would be absolutely controlled?
Should libraries have evening or weekend CLASSES ON MONEY AND BANKING In accordance with programs set up by whomever owns the library -- City, County, State, Federal or Private entities?
Are private banks essentially welfare programs for the wealthy that allow bakers to multiply their money 10 to 1 at the starting line?
Are banks essentially protected from meaningful competition by bureaucratic rules and regulations that do not follow written and case law. Are they basically exempt from anti-trust laws?
Why don't local governments start mortgage banks which will focus on giving 4% mortgage loans? Is there anything wrong with this plan for doing that?
Use these questions as the basis for an educational program aimed at explaining how money and banking works?