That was a hugely impressive exposition. It fairly shouts, “Have demographics govern output!” As it happens, I’ve worked out a way to do that. (If it matters, I do have an M.A. in economics.)

That could be accomplished by instituting an “allotted income” that would form the supply of money (as currency) for the economy — a kind of permanent QE for (eligible) citizens — while using the same process to fund government (all government, from central to local) at the current per capita rate of total government spending. The result: a self-regulating economy with no unemployment or poverty (at any level of output) and no taxes or public debt — with increased sustainability.

As a safeguard against inflation money must be captured and returned to its point of origin, but no money would be collected from any person or business before it could be used for purchases or investment. “Investment” would include mere “unproductive speculation” (i.e. buying for the purpose of re-selling at a ‘better’ price), though constraints on such speculation in currency, commodities, and real estate, which are fundamental to functioning of the economy, would be desirable — actually, whether this proposal were to be adopted or not.

If your curiosity exceeds your cynicism, a brief (“5 min read”) summary is here in Medium.