In this Real New Network interview Michael Hudson has put forth the best reasoning that I've heard favoring state banking. It is to treat the entire banking sector as a public utility function only. This brings the MMT and FF principles for fiscal policy reform into prominence by having the rest of the necessary reform agenda. Reiteration, a major part of the problem is the banking culture itself. Shifting that sector primarily toward functioning as a regulated, public utility. Eliminating the fractional reserve franchise is another line on a reform agenda. Re-establishing the debt free supply of currency is another agenda line. Countercyclical intervention to create jobs is another slice of functional finance fiscal policies. Repairing, building, and expanding public infrastructure is another entry. Tadit http://ampedstatus.org/michael-hudson-on-occupywallstreet-wall-street-is-a-c...