The so-called CLEAN Future Act is as poorly designed as its acronym. Like the Green New Deal, it consists of radical new spending proposals that the bill’s supporters would have liked for other reasons, and which aren’t even compatible.
Why do we have money in the first place? Where does it come from, and what determines its form? What qualities make for a good money? What role do banks play—is it something other than what money itself does for us?
Shortcomings in the government's handling of monetary matters, of credit expansion, and the disastrous consequences of lowering the rate of interest gave birth to the ideas which finally generated the slogan "stabilization."