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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.

1. Why does the U.S.A. borrow money when it can create all the money it needs????
2. Does creating money through debt create inflation if the created money is used by the debtors to build businesses and projects that create more wealth than the debt?
   
3. Does the U.S.A. really spend over $400 Billion / year on interest payments on its debts?
   
4. What are all the posible causes of inflation? Which of these causes create the most amount of trouble?
   
5. What problems are caused by inflation?
   
6. What segments of the population are hurt most by inflation? You might be surprised when the final answer is in.
   
7. Does interest on bank loans cause inflation? -- lots of people claim it does? (we are working on an amswer to this one)
   
8. If interest rates are raised -- is that an effective way to fight inflation?
   
9. What tools are avaiable to stop inflation? How does each work and how effective is it?
   
10. What are the unwanted side efects of raising interest rates to fight inflation?
11. Does raising interest rates cause unemployment and a collapse of the economy? Wright Patman says it does.
    
12. What are all the posible causes of deflation? Which of these causes create the most amount of trouble?
    
13. What problems are caused by deflation?
    
14. What segments of the population are hurt most by deflation?
    
15. Who determines, and who should determine how much money should be in the national money supply?
    
16. Is it possible to measure the money supply?
    
17. 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.
    
18. Does the U.S.A. keep track of those factors in #17 ? If not, why not?
    
19. Does Fractional Reserve Banking make sense? Explain the advantages and disadvantages?
    
20. Why aren’t the basics of money and banking taught in schools?
    
21. Why isn’t there a concerted and concentrated national effort to make sure that the American Public understands, in general, how our Money and Banking System works? It is really not the least bit complicated. In our opinion, professional economists, teachers, writers, pundits, politicians, bankers, bureaucrats and the Federal Reserve all want the unwashed public to think things are way more complicated than they are -- so We The People will feel igorant and let those in charge do whatever they want while we slave and suffer in docile obedience to our intellectual superiors.
22. How do home loans work? (see Home loans in the 21st century)
    
23. Does the federal reserve system effectively have contol of interest rates within the United States?
    
24. 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.
    
25. Is new money actually created by banks when they make loans? Is there anything wrong with that system?
    
26. If the banks did not create new money who would?
    
27. 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 introduceded into the system?
    
28. Which interest rates should be controlled and which should be left to the marketplace?
    
29. Is it possible that continually adjusting interest rates charged by banks on the various types of loans causes more harm than good?
    
30. 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?
31. Can I, my church, city or company start a bank? (see "How to start a bank")