While their analysis of the problems arising from deficit-based money is accurate up to a point, their solution - which is essentially along the lines of CH Douglas's "Social Credit" - doesn't stack up.
IMHO you can't solve the deficit-based money problem without also addressing the issue of Productive Capital, and particularly of Property rights in "Commons" such as Land and Knowledge. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
