So there's this guy in Florida running for the Democratic nomination for governor. He has a plan to eliminate property taxes, create a million new jobs, provide free health insurance and free college for all residents, and lots more.
His plan hinges around a proposal to create the Bank of the State of Florida, which will pay 6% for CDs and make mortgage loans at 2% and other loans including small business loans at 3% and make billions for the state. How is this possible, you ask? Using "fractional reserve banking" just like every other bank, except using the profits for the public good.
Dr. Farid A. Khavari says he is "an economist, not a politician," and he can make all of this happen. He is also the author of a book, "Towards a Zero-Cost Economy - A Blueprint to Create General Economic Security in a Carefree Economy" that describes an economic system called "carefreeism," which he compares to capitalism and socialism here. You can download the book for free.
- What century is this again? (73 replies)
- Vertical farm can make 44,000 pounds of tomatoes on the side of a parking lot (9 replies)
- Cumberland Ave. Redesign Detour/Closure (158 replies)
- Walmart fired 2,200 to fix the plumbing (1 reply)
- N&W Class J No. 611 to Make Inaugural Run (2 replies)
- A word before you rush out to buy those plants.... (11 replies)
- "what gives liberals a bad name" (21 replies)
- Allergies are kicking my butt this spring (12 replies)
- DTV hosts Dr. Bob Kronick on the subject of community schools tonight. (5 replies)
- L.A. wants their school iPad money back (6 replies)
- Last ditch appeal to resurrect Insure Tennessee Medicaid expansion (5 replies)
- 2015 Shootings in Knox County, TN (27 replies)