Stephen Yearwood
1 min readJun 28, 2023

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At this point there is way more at stake than the relative well-being of one group or another. Nations have been diddling about with taxes and interest rates to 'manage' the economy, inevitably creating relative winners and losers while sowing seeds that will grow into problems requiring revisions of policy in the not-distant future, since the 1930's. Meanwhile, civilization edges ever closer to the "eve of destruction" (to quote a song from back in the day).

Surely any truly new approach to the structure and functioning of the economy has to be worthy of consideration at this point. Here is one: "Paradigm Shift" (here in Medium). It makes the supply of money (as currency) a fully exogenous variable, i.e., determined by demographics, and only that. Demographics would govern, passively but effectively, total output. There would be no unemployment or poverty at any level of output. Civilization would be saved (from environmental collapse), along with the market-based economy--i.e., prices set by supply and demand, in turn determining the allocation of capital.

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Stephen Yearwood
Stephen Yearwood

Written by Stephen Yearwood

M.A. in political economy (money/distributive justice) "Please don't confront me with my failures/ I'm aware of them" from "These Days," as sung by Gregg Allman

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