Stephen Yearwood
1 min readOct 29, 2024

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If I may, that is some great analysis, and analysis is a necessary thing, but at some point action is need to effect change. Action must begin with advocating for--or at least 'popularizing'--an alternative.

Of course, that means some alternative must have been formulated. Here is one: "A Most Beneficial Economic Change" (a "2 min read" here in Medium with links to more articles about the paradigm from various perspectives--nothing behind the paywall).

In this paradigm money is created as needed to fund a guaranteed minimum income (that a person could actually live on) and to fund all government, from the tiniest hamlet to the national level, forevermore at the current per capita rate of total government spending. The paradigm includes a mechanism for withdrawing money from the economy--but people and businesses could retain plentiful pools of money, based on income, and a concomitant amount of assets and, unlike a tax, no money would be collected from any person or business before it could be used for purchases/investment--implying that no person, however rich or not, would have any money collected except through indifference.

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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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