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If you have been paying any attention to world economics, you could
be forgiven for thinking that something is wrong. I think the problem
with economics is due to a misconception in the economics community.
Many there are committed to the idea that the economy does not
have zero-sum limitations. How to fix economics: • We need to fix the idea that economics does not have zero-sum limitations. Our economics problems arise because money and trade are ‘zero-sum’. Zero-sum means that if someone makes a profit, someone else makes a loss. Ignoring this causes all sorts of problems down the line, the biggest of which is poverty. How to solve poverty: • Do away with physical currencies and use digital money. • Pay all Government expenses by creating money. • Establish a universal income for Consumers. • Tax savings. • Subtract the universal income from the wages paid by Producers. (This makes everyone cheaper to hire—and results in less unemployment!) These five procedures would allow everyone to have enough money to be fed, housed, powered and employed (or at least able to contribute to the community). How to save the world: • Spend the money we create on accomplishing what needs to be done. Anything and everything could be funded: environmental programs, education, science and technology. To see the application of these procedures in a simulation showing how current economic statistics can be reproduced … you will have to read the book. |
![]() ISBN: 978-0-6481861-0-6 Colour Print available from Ingram Spark and resellers Amazon Angus and Robertson Book Depository ![]() ISBN: 978-0-6481861-2-0 Mobi available from Amazon ![]() ISBN: 978-0-6481861-1-3 ePub available from Booktopia and others |