But it’s banks that create money, by crediting it to peoples’ accounts. When you get a loan from the bank they create the money by crediting your account.
The central bank account would be safer than government bonds, meaning in a flight to safety interest rates on government debt would rise as money drained to the safer central bank account. Exactly the opposite of what you want when you may need government to act urgently and expansively to solve whatever problem has occurred and likely only the elected government has the authority to solve that problem.
Instead of saying: > some people earn more money than others whilst providing less value; even negative value
It's more precise to say: > some entities (people, companies, ...) give money to some people whilst those people provide less value than others
This turns the passive language (receiving) into active language (giving) which requires a subject. Now immediately a question appears: why would the subject do that if they receive comparably little value?
In other words, this doesn't really have to do much with the monetary system at all. The same would be true without any money.
If I pay someone to espouse the glories of ignorance, sow division and shill terrible policy online (not that many among us don't do it for free regardless) that work is of negative value to the broader economy despite having scant if any externality. But, that work is of positive value in the microeconomic sense hence why someone would get paid to do it. There are lots of niches like this in the economy.
See related: Broken windows fallacy and bullshit jobs.
Nature does not negotiate.
- Own you time! Don't sell your time.
- Sell your past, not your present/future.
- Only work with software. Hardware is done permanently.
- Lower the energy requirements until it hurts.
- Make permanent solutions.
- Stop moving faster than 20 km/h, if you do take a train.
- Live small, so you can heat it for less.
- If you are in debt: SELL!