This proposal is based on Alexander Hamilton’s American System of political economy and clearly identifies the role of Alaska’s governor and legislature in ending the current budget crisis.

Cutting the Alaska Permanent Fund Dividend or taxation of Alaskans becomes absolutely unnecessary if the State of Alaska begins to use increases in the money supply through the credit creation bank loan origination process in a public state bank that creates access to federal monetary policy.

The capital and reserve requirements of the proposed Alaska State Bank will be complied with using United States Treasury and Federal Reserve, notes, bills, bonds, grants, and purchases that can be combined with Congressional spending that is leveraged through the securitization of both public and private financial instruments originated in Alaska.

The establishment of the Alaska State Bank and the assembling of a team led by Alaska’s governor to leverage packages of private, state, municipal and port authority bonds, and shares through accessing discount windows at the Federal Reserve will more than compensate for the current loss of oil revenue.

These fundamental facts negate the British System of political economy’s sustainability doctrine that refuses to discuss reforms that challenge the financial system to create credit for physical production, infrastructure, science, education, and productivity.

Let us challenge the ideas that are leading us into poverty.  Crack open a history book and realize that our state and nation require a return to Alexander Hamilton’s American System.

Click “like” if you do not want your Permanent Fund Dividend to be cut or you do not want to pay income taxes.