for (primarily) economists: Paradigm Shift

Stephen Yearwood
22 min readMar 25, 2021

an institutional construct, not a theoretical model: making currency a fully exogenous variable changes all societal outcomes

Photo by Jason Leung on Unsplash

[Thoroughly revised and updated on February 9, 2023.]


The basic idea herein is to create money (as currency) as needed — without involving debt or taxes — to fund a (sufficient) guaranteed minimum income…

Stephen Yearwood

unaffiliated, non-ideological, unpaid: M.A. in political economy (where philosophy and economics intersect) with a focus in money/distributive justice