I do have an idea to contribute. I understand that hearing about a new idea from its author somehow diminishes its credibility, but I can’t help that. For what it’s worth, I do have an M.A. in economics. This is not something I thought of this morning; I’ve been fine-tuning this proposal , while attempting unsuccessfully to get it into the public discourse, for several years.

At bottom, the idea is a different way of providing the economy with money. That would be accomplished through a “democratically distributed income” (DDI). Like some political rights (i.e. voting, running for office), it would not be available for every citizen (as those are restricted by age), but would be available for an unlimited number of people. To make the DDI, like rights, free of cost, the money for it would be created as needed. The total of the DDI would form the supply of money (as currency) for the economy. The amount of the supply of money would be completely self-regulating, determined by demographics — and only that.

The results are astonishing: making the existing economy stable and self-regulating (with built-in safeguards against inflation), providing the means to eliminate unemployment (at no cost to anyone), poverty (without having to redistribute anything), taxes (of all kinds), and public debt (at all levels of government), while increasing sustainability (even without additional regulations), with still no limit on income or property/wealth, no changes in economic behavior required, and not so much as one piece of the existing institutional structure to be torn down.

I do have a Web site, www.ajustsolution.com. I got to this idea in thinking about a really just economy, but it can be evaluated as a strictly economic proposal. (I’ve been informed that the link to the Web site doesn’t work, so the address would actually have to be typed.) I have also published relevant essays here on medium.com, including “Extending Democracy to Our Capitalist Economy to Transform Our Society” and “A Cure for the Ills of Capitalism.” (Those links do work.)