Chapter 8

2361 Words

Jim arrived late to a meeting at the assembly building where he had been asked to give a lecture at a cross party meeting. “I hear that they have elected you to the cabinet,” said Dr Armstrong, who was there trying to improve his chances of being asked to be Health Minister. “What?” “Yes, unanimously proposed by all four parties.” After Jim had delivered his standard lecture, he added more about concepts for central banking, all taken from ideas over 25 years old. “To get the public to stay with their central bank accounts, we will give them a 5% tax relief as long as they pay their tax in advance while giving them the right to change their minds and spend it in the meantime. Because private banks cannot offer this amount of interest, or offer tax relief, money will migrate from priv

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