This is an interesting read. I only became interested in how money is created and utilized a few years ago. Even after studying some of this stuff in school it's taken time for me to gain interest. And I wish that more people would get from under the thinking of deficits and debt and more in line with the possibility and creativity of currency. But I do understand that the missing element of centralized control is scary for political leadership and uncertain to most people.
Your piece here helps to challenge and dispel some myths about money.
I am especially intrigued with your comment:
Also, we end up with a large portion of economic activity that is done by rent seekers, who extract from the overall pie.>
A lot of this is going on now where artificially induced property values are used to back high levels of debt in the economy. I am not sure that we end anytime soon. Because a part of what rents do is shroud the fact that the economy is owned by those who can trade and hold property.