By Daniel Wahl, author of Designing Regenerative Cultures. This post originally appeared on Medium.com The optimization of resource-sharing and processing in order to (re)generate and share abundance and systemic health, rather than competition for scarce resources, is the basis of life’s way of doing economics! We have to evolve wise societies characterized by empathy, solidarity and collaboration. Wise cultures are …
The Rock-Star Appeal of Modern Monetary Theory
In These Times, 8 May 2017 (Illustration by Victor Juhasz) In early 2013, Congress entered a death struggle—or a debt struggle, if you will—over the future of the US economy. A spate of old tax cuts and spending programs were due to expire almost simultaneously, and Congress couldn’t agree on a budget, nor on how much the government could borrow …
Democratizing Money: On Mary Mellor’s “Debt or Democracy”: Quantitative Easing for People and Investment in the Common Good
By David Bollier, 31 Mar 2016 Although it is widely assumed that governments are the source of all new money – through “printing it” – the so-called private sector is the source of most new money put into circulation. In one of the most successful enclosures of the commons in our time, commercial finance institutions have captured the power to create …