By Margrit Kennedy, Susan Meeker-Lowry
This booklet exhibits how, at this actual time limit, the swap to a proposed new financial process may create a win-win scenario for everybody. it will possibly aid to increase, ultimately, a sustainable financial system.
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How has the USA turn into the main unequal complicated nation on this planet, and what do we do approximately it?
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Whilst economists strive against with matters resembling unemployment, inflation, or finances deficits, they accomplish that by means of incorporating an impersonal, indifferent mode of reasoning. yet economists additionally study matters that, to others, as a rule don't fall in the realm of financial reasoning, reminiscent of organ transplants, cigarette dependancy, overeating, and product defense.
The economics of balloting is ready no matter if and to what volume self-interest should be relied upon in balloting. The important proposition in economics is that the world’s paintings will get performed satisfactorily whilst every person does what they suspect is better for themselves. the common-sense view of the problem is this end result by myself will be chaos.
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Extra resources for Interest and Inflation Free Money: Creating an Exchange Medium That Works for Everybody and Protects the Earth
30) Ethical investors look at their potential investments in economic and social terms. People like Robert Schwartz, an early pioneer in socially responsible investment, started by eliminating from their list of possible investments the companies that were major defence suppliers or had unfair labour policies, polluters, including nuclear utilities, that were destructive to the environment and those firms who made their assets available to repressive government regimes like South Africa. (31) Environmental awareness is not only a vital moral standpoint but in many cases also makes good money sense, mainly when the situation is bad enough through the previously ruthless exploitation of resources.
Preferably, the regions or countries interested in a trial run should coordinate their action in order to achieve a greater validity in observing the results under different social, cultural and economic conditions. The areas selected should be large enough to provide relevant results for the whole country. A high level of autonomy would be desirable. That means 46 that many of the goods and services needed should be available in the area where the experiment happens. The other possibility is to choose a region which is depressed usually because of lack of diversification – and create an impetus for a more differentiated and stable economy through the introduction of a new monetary system.
During that time, some of the most beautiful sacred and profane works of art and architecture came into existence. " (27) We still think of this time as one of the cultural culmination points in European history. Craftsmen worked a five-day week, the "blue" Monday was introduced and the standard of living was high. In addition, there were hardly any feuds and wars between the various realms of power. However, people obviously disliked the money which lost so much at regular intervals. Finally, towards the end of the 15th century, the 39 "eternal" penny was introduced and with it came interest and accumulation of wealth in the hands of increasingly fewer people, as well as the accompanying social and economic problems.
Interest and Inflation Free Money: Creating an Exchange Medium That Works for Everybody and Protects the Earth by Margrit Kennedy, Susan Meeker-Lowry