[split] Free will infringement and the monetary system

[jafar]

Having witnessed how PRC performed their 'economic miracle'.
I'll say the root cause is not in the 'money', but in 'how people see money'.

The 'issue' with US monetary system (and also other monetary system with similar structure) is that the 'banks' are privately owned thus operating with 'to gain currency profit' as goal.  

Nah. Banks are just an instrument. They dont determine the end result. What determines the end result is who owns and controls the economy - the people, or private profiteers.

US didnt have any major bank presence back in 19th century and yet 12 robber barons ended up controlling every single sector and making people work worse than slaves. Immense riches went only to a tinier fraction of society even more than today. So its not the banks who make the difference - its who call the shots in the economy, and how much of the economic value they gobble up.

That's exactly my point, "Those who are responsible to circulate the currency" (You can call it Banks or any other names) MUST NOT make "Gaining / Collecting / Stockpiling Currency Profit" as it's main purpose / goal.
IF
The goal is to circulate / distribute the currency as faster and as wider as possible.

All Banks in PRC are owned by the government.
And since the government is the one who issued the currency in the first place, all 'government owned banks', which means all banks in PRC do not operate to gain / collect / stockpiling currency profit as it's main goal.
Why should they? They're the one who issued the currency out of thin air!

Why should you make a profit on something that you can produce out of thin air?
Their goal is to circulate the currency as faster and as wider as possible.
And real value is generated in the process.

Think currency not as 'wealth that need to be stockpiled' but as 'water'... the wider and faster it flow and being circulated the more benefits shall be reaped in the process. Plants blooming, cattle well fed, Birds flocked to the area, greener and lively scenery. Stockpile the water in a dam then the once lively terrain shall turned into a dead desert.