The Root of United States Public and Private Debt Told by the Pen of History

The "pen of history" shows that the root of both public and private debt in the United States goes back to the founding of the Bank of North America in 1781. Since then, total debt grew at an average annual rate of 7.9 percent from $2.5 million in 1781 to more than $80 trillion in 2015. It is time now for Congress to begin to build a money supply based on citizenship instead of debt. More
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About Bob Blain

Bob has a Masters degree from Harvard and a Ph.D. from the University of Massachusetts, both in sociology. He taught sociology for two years at The Ohio State University then taught sociology at Southern Illinois University Edwardsville from 1968 to his re-tirement (new tires) in 2001. He has spoken on monetary reform in New Zealand, Australia, Poland, Libya, India, and Togo in Africa as well as at many conferences in the United States and Canada.

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