The important thing about Denningers ideas is to show that there ARE alternatives to the current system we have. The Fed and the way the current system is run has been around for over a hundred years, so there is no one living that has even experienced anything different in this country. Most people believe it is the only way a monetary system can be run and must be the best way since most of our "smartest" academic economists support it.

But the reality is the current system is very good for allowing our government to overspend and very good for an economic class that is close to the creation of our currency. They benefit at the expense of the rest of society.

Having discussions of alternative monetary systems at least gives the public an idea that if/when the current system blows up, we don't have to just restart it. We can do something different and better. Of course the ones who benefit from the current system will insist the same flawed system be established again and of course with them in charge of it. The only chance of this not happening is public education and awarness of alternatives.

John