Money Creation

The family home should like guaranteed income be protected. The though of retirees paying tax on their home doesn't sit well. But the policy ignores the impact of the pro cyclical creation of debt based money by banks ( they are not merely intermediaries between savers and lenders ) when they lend on residential property, to surging house prices speculation and high private debt. We should be talking about banks, private debt and money creation - when should it be created, for what purpose, and who should benefit.