Wednesday, October 12, 2011

The Monetary System of the Future?

A friend sends me this photo from some of the recent protests.

The sign says, "1. End Debt-based Fiat currencies. 2. End Fractional Reserve and Compound Interest Banking. 3. End the Fed."

Question for class discussion: What kind of monetary system would satisfy these demands?  What are the pros and cons of this alternative system?