Stephen Yearwood
2 min readJul 14, 2022

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I do applaud the message in this article. My studies have taught me that mutual respect is what the ethic of justice is.

The problem is that we do not have enough time to move people who deny facts of material existence towards an acceptance of those facts. We are already way behind the curve.

I am convinced that we need to act through the political process effect change at the systemic level: the economic system itself (without changing the structure of the system or the way it operates). A change to that system that would increase sustainability without focusing on 'the environment' but would directly address material concerns of all people would be ideal.

I have developed such a proposal. (For the record, I do have an M.A. in economics.) It would increase sustainability by having demographics govern total output (the GDP), passively but effectively. The thing is, this proposal would at the same time make the existing economy fully self-regulating while completely eliminating unemployment and poverty. The monetary paradigm that is central to it could be used to eliminate taxes/public debt for funding government. Those outcomes could be the focus politically.

As for possible objections from 'the right': all of that would be accomplished without imposing any cost on employers, without redistributing anything, without imposing any limit on income/wealth, without any additional regulations (though any other issues, to include further regulation for the sake of the environment, could still be pursued in the political process), and without requiring people to act any particular way. In short, liberty would not be limited in any way — would be expanded if we opted to free ourselves from taxation/public debt.

If anyone is still reading, I do appreciate your time and consideration.

A brief (“4 min read”) introduction to the idea is in “Permanent ‘Quantitative Easing’” (here in Medium, but not behind the paywall).

This idea needs advocates.

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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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