The morality of money creation

I will periodically email economists at various universities, trying to get them to rethink our financial system.  The more I contemplate things, the more I think the MORAL argument is more important than the practical argument, which of course is that fractional reserve banking is INHERENTLY unstable.

I did a round Sunday, and of course have not heard back from anyone.  This was the crux of the email:

 I would like to encourage you to consider a simple, but currently
counter-paradigmatic proposition: money creation is inherently
theft, is unjust, and creates a functional class division between
those empowered by law to create money and those who would go to jail for it. To
the extent the rich get richer and the poor poorer, as an inherent element of
our system, this is the primary mechanism.

It is astonishing to me that I need to make this argument, that some moralizing evangelistic organizer has not come to the same conclusion.  


Actually, Googling “inflation is theft” does come up with some stuff, like this: http://www.forbes.com/sites/billflax/2011/03/03/you-call-it-inflation-i-call-it-theft/

I guess the question then becomes: why are not more people talking about this?  Again, the argument is a practical one, but also a moral one.

And I seem to be the only one with a solution, which, again, is obvious, or should be obvious: just reverse the path we took to get here.

Have to run, but wanted to do a brief post.