Debt free money is nothing new. Apparently, Canada Issued Debt-Free Money From 1935-1974! Something I didnt know!
Fascinating video featuring someone whos lived through those times!
http://www.youtube.com/watch?v=NxD2-lQwYa8
Yes, you should check out a lady called Ellen Brown on this kind of thing:
http://ellenbrown.com
Actually there are a lot of good people talking about monetary reform. More than one way to skin a cat, but this is a leading UK organisation trying to change things:
http://www.positivemoney.org
But as well as Canada, JFK ordered the printing of Treasury dollar notes (as opposed to Federal Reserve notes), i.e. the government directly creating - not borrowing money into existence, in the 60s. I don't know the full story, but if one had a suspicious mind (who me?), well that was a another reason for certain interest groups to get rid of him.
Closer to home (for us Brits), the UK created debt free money in WW1 to help finance the war.
And in the 1930s, Hjalmar Schacht (of the Reichsbank) effectively did the same thing, which is partly how Germany went from depression to full employment virtually overnight. Hjalmar Schact was constructively dismissed by AH shortly before the war, because (according to his account), he refused to use his financial acumen for the purposes of war. He had a hard time after the war, but was eventually cleared of all charges and settled in America.
Also well worth reading is Professor Richard Werner, of Southampton University, and (if you understand German) Bernd Senf.
And quite a few others.
Of mainstream politicians, the only one I know of who "gets it" is Michael Meacher.
https://www.youtube.com/watch?v=TsPnuXWQnXk
Oh, and Austin Mitchell.