CL Functional requirements for Monetary Sovereignty

2016-09-23
1.        Sovereign money should be used to meet social, infrastructural and environmental needs. (This could well include providing a universal income.) [Req- Be bold with OMFG]

2.        It should be on a scale sufficient to direct investment towards democratically chosen ends.

3.        If random and irresponsible private lending, and growth-inducing, inequality-building compound interest cannot be easily regulated and reduced, sovereign money creation should be used to render them peripheral. (They are hard to regulate since credit is generally given in response to demand, and any reserves made up after the fact.)

Possibly related to Req- Public trustee - ownership assuming that what is imagined is that public lending would help make private lending peripheral.