I would also like to see some system of a permanent, sound money supply.

Not necessarily a gold standard. But something where we do not depend on credit being issued by banks to be our money supply. With the current system money supply expands when credit expands and contracts when bank credit gets paid off faster than it is being borrowed. For everyone that gets out of debt, another person has to go equally into debt or the money supply contracts. That is completely crazy, but it suits the banking system because they essentially have an interest claim on nearly every circulating dollar.

Somehow issuing permanent money (issued by the treasury perhaps) while drawing money out of the debt system over a period of time where we are not dependent on debt issuance for our money supply. I'm not smart enough to know how to implement it or to ease into it so there would be no inflation nor deflation of the money supply but I bet there are people smart enough. But the permanent money supply would have to be established on something like the population and indexed to growth of the population. So the treasury could not just print money to fund deficits. Some system of sound money rather than debt based fractional reserve created money.

Then deflation would be a thing to be desired instead of feared. Prices should go down as we learn to produce things more efficiently. Not stay stable or increase in price. Wages would stay stable unless there was increased productivity to deserve a raise. Then savings would really be savings and loans would be based on money supply available to be loaned out by people with real savings. Savings terms would be matched to loan terms. Interest rates set by the market would reflect the true value of peoples time preference of money. We would not have the boom times we enjoy during credit expansions but we would also not face the epic bust we are going to feel in this final inning of the current debt cycle.

Currently under the existing system new money is created when a loan is made and is destroyed when the loan principal is paid off. It is impossible for people in aggregate to "get out of debt" because to do so would be to destroy the entire money supply. It is bizarre system created for and in favor of banks, purposely explained in such complex terms and esoteric models so the ordinary sheep can not understand it so they can be systematically sheared.

John