>The real issue just comes down to how we're going to divide up the pie when we wave our magic money wand, and it more than likely ends up benefiting the bankers more than others.

I suspect the problem is whatever strategy you use to manipulate the money system to avoid a downturn, it’s going to benefit somebody. The banks are just very well informed, and in a position to do pretty much anything anybody else might do, so however you carry out the intervention they will have the tools and resources to ensure they benefit from it somehow. So how do you manipulate the money supply without going through banks?