Thanks for this excellent summary. I have been going on about this for decades, without much success. BTW, Global Climate Compensation (www.global-climate-compensation.org/about) would be a way to re-democratize monetary policy whilst solving the Climate Crisis.
May 10, 2023·edited May 10, 2023Liked by Ann Pettifor
If we'd make banking a public utility, eliminate 90% of speculative financializations and implement a 50% Discount/Rebate policy at retail sale utilizing the same method of money creation as the private banks use to create new money, namely equal debits and credits that sum to zero, we'd immediately turn erosive inflation into BENEFICIAL price and asset DEFLATION and mathematically double everyone's purchasing power all in one fell swoop. Open your mind, change the monetary paradigm and save your financial and economic security, stabilize the macro-economy and enable the kind of fiscal funding necessary to save the planet we all require to survive.
Thanks for this excellent summary. I have been going on about this for decades, without much success. BTW, Global Climate Compensation (www.global-climate-compensation.org/about) would be a way to re-democratize monetary policy whilst solving the Climate Crisis.
If we'd make banking a public utility, eliminate 90% of speculative financializations and implement a 50% Discount/Rebate policy at retail sale utilizing the same method of money creation as the private banks use to create new money, namely equal debits and credits that sum to zero, we'd immediately turn erosive inflation into BENEFICIAL price and asset DEFLATION and mathematically double everyone's purchasing power all in one fell swoop. Open your mind, change the monetary paradigm and save your financial and economic security, stabilize the macro-economy and enable the kind of fiscal funding necessary to save the planet we all require to survive.
Fits "The Basic Laws of Human Stupidity" by economic historian Carlo Cipolla