Taking the debt out of money creation

Contingent loans, such as Australia's HECS, are examples of this approach. The book Government Managing Risk by Bruce Chapman describes the theory behind this concept.

The movement of micro loans is based around the same concept of giving loans to people without assets so they can build more assets.

We can increase the money supply through the concept of Rewards or through giving away common stock in companies building community assets like the National Broadband Network. Giving away assets that are not currently owned by anyone (because they exist in the future) has the effect of increasing the money supply.

While giving away restricted money to build productive assets is an approach that will increase the money supply quickly the idea of giving away the right to zero interest loans is more likely to gain acceptance and will be easier to adopt. It can even be introduced without government involvement by socially aware banks, such as NAB, who already provide micro loans without the recipients of the loans having existing assets to back the loans.