Thanks to the work of our classmate Richard DiMare: ******* The Simons plan on banking and currency reform is on pages 23-26 (and 2 important footnotes) of this 1934 pamphlet: A Positive Program for Laissez Faire by Henry Simons According to Simons, it looks like about a 7 step process: 1. Annul all state-chartered financial institutions within 2 years 2. Congress creates new single-purpose federally-chartered corporations 3. The Fed is bought out by the Treasury becomes and the Board of Governors becomes an advisory bureau within the Treasury 4. A new “monetary authority” supervises the reorganization of the former banks into (i) depository/transactional corporations; (ii) investment/lending corporations; (iii) and I suggest adding credit card companies, which are a kind of hybrid of the two 5. Banks become indebted to the Treasury for rescuing all their depositors and converting their (unconstitutional IMO) banknotes into Treasury Direct Money. (This probably has very big implications from a Georgist perspective, as the banks no longer own all the real estate they were holding as collateral for issuing FRNs. Congress/Treasury now become trustees for the benefit of the people, i.e., a split in ownership where both the trustee and beneficiaries hold title to land.) Those are some of the transitional steps, anyway Rick ******* https://drive.google.com/file/d/1NCypWQ7uIZE--XDsMRtOMk1cAdasWbap/view?usp=sharing But before I get into explaining that, the previous link I sent you (to Simons’ 1934 “A Positive Program for Laissez Faire”) was a general summary. Unlike the Fisher/Douglas Chicago Plan of 1939, the Plan of 1933 is comprised of about 8 documents (3 of which I’m still searching for). Here is a current list of the 8 documents. I call it the “Chicago Plan of 1933” because the Plan is really launched when Simons sends out that March 1933 letter to 40+ economists: https://drive.google.com/file/d/1bnmti9T51wrxUmO2h9z9wAONZMglIsE0/view?usp=sharing Here’s a link to the Simons March 1933 letter: Rick *******