Ed: Note that the "Chicago Plan" has one serious flaw, in that "100% reserve banking" is in fact 200% reserve banking under certain circumstances, and removes all elasticity from the system. The authors' "solution" to this is for the elasticity to come from Treasury; this is deeply wrong on a number of levels as it would render (more than today!) those decisions on what to permit "elasticity" in to government stooges rather than the people and market risk.
One Dollar of Capital, as I have formulated and promoted, does not have this problem, as it permits lending against assets and therefore provides that elasticity, policed by the market.
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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