yes. Also providing for the basic needs of the people lowers the cost of life, since a government in control of its country's banks doesn't have money problems (owes all the debt in its own currency to itself), and therefore doesn't need to profit from services. This gives people more extra income to spend or invest on whatever, which helps economic growth. Ironically western governments are doing the exact opposite, which leads me to think we'll just wither away from the world stage. I guess its good news in some way, not in first hand experience though ;-;