Is there a way to monetise national debts without inflation ?

Could forcing banks onto 100% reserve requirements (thus ending the fractional reserve system) allow governments to print money to pay off debt while locking the resulting inflation up in bank reserves ?

With no national debt interest to pay could governments massively cut taxes without cutting spending ?

Could state banks (that have a guaranteed deposit flow from government activities) use profits from low interest loans to the public to pay for government services and infrastructure to replace some or all taxes ?

http://en.wikipedia.org/wiki/Bank_of_North_Dakota

In the UK public money that was chasing fraudulent interest rates was lost when these private banks went bankrupt:
http://en.wikipedia.org/wiki/Landsbanki
http://en.wikipedia.org/wiki/Bank_of_Credit_and_Commerce_International

Regional UK local government banks making profitable low interest loans would be much preferable to the current system (established in 1998) of 'regional development agencies' doling tax payer money out to all sorts of questionable loss making activities:

http://en.wikipedia.org/wiki/Regional_Development_Agencies










http://www.secretofoz.com/

http://www.webofdebt.com/

http://www.amphigory.com/oz.htm

http://www.cobdencentre.org/2010/05/the-emperors-new-clothes-how-to-pay-off-the-national-debt-give-a-28-5-tax-cut/

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