If Michigan financed its own infrastructure and business it would save untold amounts of money. Ben Franklin said, “In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay no one”. In 2010 Michigan politicians proposed a public state bank supporting Ben Franklin’s words. It’s a no-brainer. Why pay private banking owners interest on loans when Michigan can create its own money?
In my 2011 play U N: R U in or out of the UN?* a main character Zach quotes not only Franklin as above but also Abraham Lincoln saying, “The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity”.
He goes on to quote Mahatma Gandhi, “Men … should do their actual living and working in communities … small enough to permit of genuine self-government and the assumption of personal responsibilities, federated into larger units in such a way that the temptation to abuse great power should not arise. The larger (structurally) a democracy grows, the less becomes the rule of the people and the smaller is the say of individuals and localized groups in dealing with their own destinies. Moreover, love and affection, are essentially personal relationships. Consequently, it is only in small groups that Charity, in the Pauline sense of the word, can manifest itself. Needless to say, the smallness of the group, in no way guarantees the emergence of Charity. In a large undifferentiated group, the possibility does not even exist, for the simple reason that most of its members cannot, in the nature of things, have personal relations with one another.”
Taken together, these ideas represent sound logic, common sense, and solutions to Michigan’s financial limitations. If you like the idea and want to know more, I recommend Ellen Brown’s blogs. Start here: http://www.webofdebt.com/articles/growing_movement.php and here: https://ellenbrown.com/2017/01/26/how-to-cut-infrastructure-costs-in-half/. Further, if you like the idea spread the word.
*Find the play here on Amazon: https://www.amazon.com/out-UN-Mark-G-Ruhala/dp/1490409475/ref=sr_1_1?ie=UTF8&qid=1485446623&sr=8-1&keywords=mark+ruhala+books