Public Money
The Systems Solution to End National Debt, Banking Crisis, Built-In Inequality, Inflation and Control by CBDC
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Beschreibung
In this book the authors take a scientific scalpel to the “money problem” by applying the Accounting System Dynamics (ASD) method they developed and identifies the root cause of the major problems facing our economy. Specifically, the ASD method has made it possible to propose a paradigm shift in economics by challenging the mainstream theories that fail to incorporate endogenous debt money, including standard IS-LM analysis, new Keynesian and neoclassical models, and recent Modern Money Theory (MMT). Building on empirical and theoretical analyses, this book then proposes the issuance of Electronic Public Money (EPM) that will end national debt, banking crisis, built-in inequality and inflation, while protecting privacy and freedom against Central Bank Digital Currency (CBDC) that will bring about a total surveillance and dystopian society. The book also discusses feasibility and desirability of Uniform Tax System that will solve the problem of double taxation and makes tax evasions impractical. Finally, the book offers a new socioeconomic system design of MuRatopia (green village economy) beyond the failures of capitalism, communism and globalism. Comprehensive, critical, yet visionary and cosmopolitan, this book is an essential reading not only for professionals and students of economics, but also for general readers seeking a clear exposition of the systemic failures of the current debt-based economy and a practical solution toward achieving long-term sustainability.
In this book the authors take a scientific scalpel to the “money problem” by applying the Accounting System Dynamics (ASD) method they developed and identifies the root cause of the major problems facing our economy. Specifically, the ASD method has made it possible to propose a paradigm shift in economics by challenging the mainstream theories that fail to incorporate endogenous debt money, including standard IS-LM analysis, new Keynesian and neoclassical models, and recent Modern Money Theory (MMT). Building on empirical and theoretical analyses, this book then proposes the issuance of Electronic Public Money (EPM) that will end national debt, banking crisis, built-in inequality and inflation, while protecting privacy and freedom against Central Bank Digital Currency (CBDC) that will bring about a total surveillance and dystopian society. The book also discusses feasibility and desirability of Uniform Tax System that will solve the problem of double taxation and makes tax evasions impractical. Finally, the book offers a new socioeconomic system design of MuRatopia (green village economy) beyond the failures of capitalism, communism and globalism. Comprehensive, critical, yet visionary and cosmopolitan, this book is an essential reading not only for professionals and students of economics, but also for general readers seeking a clear exposition of the systemic failures of the current debt-based economy and a practical solution toward achieving long-term sustainability.
Awarded the Friede-Gard-Prize for Sustainable Economics 2025 Provides in-depth analysis of endogenous money that reveals money stock equals total debts in Japan and the US Provides paradigm shift analysis of IS-LM model that uniformly explains the Great Depression and Japan’s lost 30 years Proposes Electronic Public Money (EPM) as money of the futures against Central Bank Digital Currency (CBDC)
Autor*in
Kaoru Yamaguchi
Themen in »Public Money«
Electronic Public Money Accounting System Dynamics Paradigm Shift Uniform Tax MuRatopia economy Central Bank Digital Currency