>>10751761In our Constitution, the Treasury Department is responsible for regulating the coinage/currency. Then, the coin was worth the metal it contained. (and silver is anti-microbial!) At some point, the Bad Guys gained control of the regulation of the money and have manipulated it to hell and back, creating money out of thin air to finance both sides of wars for 200 years of US History. Euros been at it a little longer.
Ideally, there would be no usury/ interest on loans, as it has a way of becoming exponential/ unsustainable. A loan would consist of an ownership stake, or just a straight loan with collateral. However, if there is going to be interest charged, it is better to have banks competing on interest rates, rather than one entity setting interest rates for all. (If you fuck up, you and maybe your family pays for it. When leaders fuck up, the nation/ world pays for it.) This way banks cannot over extend credit, because there is market pressure to have high interest on savings, and low interest on loans, so the profit is in the difference/arbitrage.
Gold Standard/ Commodities Standard- you cant loan/spend what you dont have. Want more money? Mine more gold, plant and harvest more wheat, pump more oil, ship more lumber, etc. In this scenario, hard work and sweat actually pay off, as ALL WEALTH COMES FROM THE EARTH. Fuck computers, kek.