The concept of a nation's economy is the basis and controlling factor for all employment in the nation. The way the economy functions is based on outmoded and incorrect assumptions dating back to the 19th century. This needs to be corrected.

My proposal can be applied simply by following the authority provided for in the otherwise, antiquated and out of date British Act we use as our Constitution. Sections 51(xii) and 51(xiii) give the Australian Government complete and utter control of all money creation in the nation and all banking.