Stephen Yearwood
1 min readOct 18, 2019

--

In the 1970’s there was talk of a ‘steady-sate’ economy. Output would be governed by demographics, rather than always being maximized (to maximize employment, income, and taxes).

There is now a way to accomplish that goal. It would also make the economy self-regulating while eliminating unemployment and poverty. The same process could be used to fund government (all government), eliminating the need for taxes/public debt. At bottom, in terms of economics, it is a different way of supplying the economy with money. In the U.S. it could be instituted with a single Act of Congress.

It could be adopted by any nation. Less developed nations could adopt it and not have to go through the environmentally destructive process of ‘development’ to establish viable economies.

How to Transform the Society of Any Nation (summarized for a ‘5 min read)” here in Medium.

--

--

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

No responses yet