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Description

This source discusses the concept of Quantitative Balancing (QB), a proposed reform of the banking system aiming to address the issue of seigniorage by having banks register created money as a liability to the State Treasury, segregating deposits, and returning the seigniorage profit to the government upon loan repayment. It explores the alignment of QB with the principles of Saint Augustine, specifically focusing on his ideas of justice, community, and the search for truth. The text suggests that the recent election of Pope Leo XIV, the first Augustinian Pope, presents a symbolic opportunity to integrate these economic and theological ideas, highlighting the convergence of QB and Augustinian doctrine on ethical economics, transparency, and community sovereignty. Ultimately, the source proposes QB as a potential model for economic justice, aligning with the new Pope's Augustinian background and emphasizing the importance of seeking justice within economic structures.