Stephen Yearwood
2 min readJun 27, 2020

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The best place for more information is "For Crying Out Loud, ACCEPT That A SOLUTION Actually EXISTS" here in Medium. It is a "3 min read" with links to other sources.

When any new paradigm is adopted there are always unknowns. All we can do is to evaluate the new paradigm and decide if the projected benefits make it worth the risk considering the probable outcomes that would result from doing nothing really different. Evaluating the benefits of any proposal involves two elements: the benefits themselves and the probability that those projected benefits will actually be realized.

In this case the projected benefits are a self-regulating economy; no unemployment or poverty at any level of total output (at no cost to anyone, without redistributing anything); funding government (at all levels) without taxes or public debt (so its funding wouldn't be dependent on the economy); and increased sustainability because total output would be governed, passively but effectively, by demographics. All of those benefits are absolutely, positively guaranteed.

All of that is accomplished without imposing any limits on income/wealth. In the end, it is only a different way of supplying the existing economy with money (as currency).

The path we are on is unsustainable-- environmentally, socially, and economically. There is a cliff somewhere in the future, the existence of which we can't be absolutely certain until we have gone over it.

There are other alternatives, such as various forms of a 'social dividend', MMT, and something called "Just Money" This paradigm would accomplish more good for society, more certainly, than any other paradigm out there--including, to be sure, the existing system.

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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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