In making the transition to a sustainable economy we need to change our approach to money itself. It is both the fuel of the economy and people's necessary resource for acquiring what they need to live. We need to uncouple the supply of that resource from the functioning of the economy as a system.

In short, we need a circular monetary system. In the ubiquitous global system that currently exists there is no limit on how much money can be created, yet it is a relatively scarce resource. It is kept relatively scarce because it is created via debt and once it is created it is in the economy forever: sound management of the economy requires keeping it relatively scarce. At the same time, to maximize employment, income, and taxes there is a ubiquitous political imperative to maximize total output — for which money is needed.

We need a revolutionary change to the way the economy gets supplied with money. We need to make money more abundant yet more limited.

MMT is touted by some, but that is the same approach with unlimited pubic debt. We need a revolutionary (but not radical) change to our approach to money.

In this proposed paradigm money would be supplied to a nation’s economy like two two vast springs flowing endlessly into it, without involving any debt, via (eligible) citizens and government. (It would not be paid to all citizens, but any — adult — citizen could become eligible for it.) The economy would be flooded with an excess of money, with a mechanism in place to collect that excess to prevent inflation. The — bulletproof — positive outcomes for society are staggering. Among them, because total output would be governed (passively but effectively) by demographics, would be increased sustainability (even without additional regulations or any other changes in behavior). There would be no unemployment or poverty, whatever the level of total output.