Eliminate the middleman

English: A map of the 12 districts of the Unit...

English: A map of the 12 districts of the United States Federal Reserve system. (Photo credit: Wikipedia)

Money is created by the Federal Reserve and printed by the US Treasury. Then it is loaned to the banking system at low or no interest, and they turn around and make hefty profits by lending it to those who need a loan and charge interest to do so. Let us eliminate the middleman and authorize the Federal Reserve to lend directly to borrowers. This is the practice is some European countries. There is absolutely no necessity to enable the banking system to make large profits at the public’s expense. They do not create the product they sell, the US government does.