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.
- Bald Eagle on French Broad (5 replies)
- WBIR Inside Tennessee - Democratic candidate Gloria Johnson (1 reply)
- South High redux as Assisted Living Center (1 reply)
- Bill seeking to stop scalpers from grabbing online tickets has cleared the House (2 replies)
- Ammo plant deal falling apart? (2 replies)
- 2016 Shootings in Knox County, TN (69 replies)
- Businessman wants to add waterfall to South Knoxville waterfront (23 replies)
- Dover to develop South High (8 replies)
- AMI ammo factory deal could involve $20 million in state incentives (28 replies)
- KNS not to endorse in Presidential race (8 replies)
- Debates 3, Climate Change 0 (3 replies)
- Debate takeaway headlines (11 replies)
- Oct 23 2016 - 9:30am (6 hours 51 min ago)
- Oct 23 2016 - 2:00pm (2 hours 21 min ago)
- Oct 26 2016 - 12:00pm (2 days 19 hours from now)
- Oct 29 2016 - 3:00pm (5 days 22 hours from now)
- Oct 30 2016 - 1:30pm (6 days 21 hours from now)