TSF 1/8: Public versus private banking

According to Ellen Brown, author of Web of Debt, public control of credit (existing alongside private banks)
would end the need for the income tax and reduce other
taxes and debt, as well as eliminate recessions,
without inflation.  What about economic crises caused by
overproduction?  Is opposition to the Federal Reserve
just for certain libertarian types?  What can we do to push
for a public banking system?

An article by Brown is on the front page of the
November issue of Triangle Free Press, which is still
out.  A member who is well-versed on Brown's ideas should be on hand. A related source to check out is the American
Monetary Institute, www.monetary.org, and the bill
introduced by Representative Dennis Kucinich, House
Resolution 7260, online at:
thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.07260:

The meeting will be at The Peoples Channel in Chapel
Hill (300AC South Elliot Rd, sort of across from Whole Foods,
a block north of University Mall), Thursday, January 8th
at 7pm.

The December meeting had to be moved because the recession has forced the Chapel Hill
Public Library to close early on Thursdays, but we left signs.