As executive and regulatory function, government is the central nervous system of society, while money and banking are blood and the circulation system.

The problem with public government and private banking is it gives banking the upper hand, as they are not subject to as much oversight and don't have to work around election cycles.

Consequently they have hollowed out government, leaving a bunch of flunkies and grifters, whose main function is creating the public debt the financial system needs to function.

The secret sauce of capitalism is public debt backing private wealth.

We are linear, goal oriented creatures in a cyclical, circular, feedback generated reality, so while markets need money to circulate, people see it as signal to extract and store. Consequently ever more has to be added and ever more metastatic methods of storing what has been extracted have to be devised.

While we treat money as a commodity to mine from the economy, it functions as a social contract and accounting device, so to store the asset side of the ledger, a debt has to be created.

While stocks get the attention, the real money is in bonds.

Econ 101 says money is both medium of exchange and store of value, but one is dynamic, while the other is static. Blood is a medium, while fat is a store. Roads are a medium, while parking lots are a store.

As a medium, we own money like we own the section of road we are using, or the air and water flowing through our bodies. It's not our picture on it, we don't hold the copyrights and are not responsible for its value, like a personal check.

It is a form of public utility and if society is ever to be healthy, it will have to be recognized as such.

Given that would require taxing out the excess, rather than borrowing it, it would require a serious upheaval to reach that point.