1. Non-taxable vouchers should be issued at the rate of [Your Currency]1,000 per month per adult and [Your Currency]500 per month per child which may be used for food, housing, fuel, communications media, utilities, and educational services provided at outlets within the [Your Country]. Distribution of vouchers may be delegated to state and local governments.
2. Vouchers will be deposited by service providers and vendors only in a new network of local chartered savings banks—one for each county in [Your Country]. Deposits will be made to the bank in the county of the local point-of-sale.
3. Banks will lend locally at zero-percent interest using voucher deposits as capitalization. The banks may create loans at a 1:10 reserve ratio with borrowers paying administrative fees only. Borrowers must provide a 20% down payment as collateral or purchase default insurance at 2% of the loan principal.
4. Lending will be made only to business entities, including family or commercial farms, operating from an established location within the county.
Richard C. Cook is a former U.S. federal government analyst, whose career included service with the U.S. Civil Service Commission, the Food and Drug Administration, the Carter White House, NASA, and the U.S. Treasury Department. His articles on economics, politics, and space policy have appeared in numerous websites and print magazines.