Read http://eng.forsaetisraduneyti.is/media/Skyrslur/monetary-reform.pdf
http://www.thenewamerican.com/economy/item/20612-iceland-considers-stripping-power-to-create-currency-from-banks
It proposes creating a "sovereign money" system to replace the fractional reserve system. I don't understand it, but it sounds interesting.
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