U.S. Federal Government need to be given back authority to create money

[whistle]

...in otherwords RESTORING SEIGNIORAGE, based on a new report by Huber and Robertson

<snip>
CREATING NEW MONEY
A monetary reform for the information age
Joseph Huber and James Robertson

“The privilege of creating and issuing money is not only the supreme
prerogative of government, but it is the government’s greatest creative
opportunity.”
Abraham Lincoln, 1865.

<snip>
The reform we discuss in this report is different from those <above>. It is not
directly linked to them, but is a wider issue. It is a reform of the
mainstream monetary and banking system. It reflects the values of a
democratic civil society and the need for economic and financial stability.
It is in tune with the Information Age.

It is basically simple. It is in two parts.

1. Central banks should create the amount of new non-cash money (as
well as cash) they decide is needed to increase the money supply, by
crediting it to their governments as public revenue. Governments
should then put it into circulation by spending it.

2. It should become infeasible and be made illegal for anyone else to
create new money denominated in an official currency. Commercial
banks will thus be excluded from creating new credit as they do now,
and be limited to credit-broking as financial intermediaries.

<more>
http://www.jamesrobertson.com/book/creatingnewmoney.pdf