A formula for a national money system

A foolproof formula for a successful system of money. Guaranteed to feed, shelter and clothe any number of people

Any money system that is built on these national attributes will be successful. It makes no difference what type of political system or system of government is used.

Mix equal quantities of these attributes:

1. Good land that can produce wealth by agriculture, fishing, hunting, forestry and mining.
2. A good National Constitution with built-in checks and balances and democratic elections.
   
3. A good legal system that recognizes the right of the people to own land.
4. A good national infrastructure.
5. Human creativity and industry.
6. Hard working, honest people in and out of the government.
7. A good educational system.
8. Paper Money that is established as legal money by law.
9. An honest and fair banking system built on a carrot-and-stick, balanced Fractional Reserve Banking that is (a) ready to lend money at reasonable rates, unencumbered by outrageous fees and (b) prepared to accept highly leveraged losses when loans go bad.
10. A Government wherein spending on worthwhile infrastructure is not expensed immediately: such infrastructure is considered an asset and depreciated over a scheduled time period. In other words, the government uses double-entry bookkeeping that keeps track of assets and liabilities as well as income and expense.