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The main theme of my writing is that every citizen should be entitled to a life sustaining dividend from their Common Share of the Nations resources. I still believe that Capitalism is the best economic system for America, as long as we preserve the democratic form of Government . But we must not allow the power and corrupting force of the Love of Money to destroy our concern for the well being of all our citizens.
We must make it possible for the least capable among us to contribute all that they can and will to produce goods and services to the whole. We must require the most capable among us to share a greater burden while reaping a greater reward in return for what they do in exploiting the resources of the Nation.
Their is never a moral reason to abandon any individual along the highway of life to death, while others living on that highway reward themselves with more and bigger homes and more and faster cars. While it is true that some are entitled to greater reward for greater achievement, others gain wealth from the privilege of ownership of productive resources. The commonwealth derived from these resources belong to all the people equally. A portion of these resources can provide the essentials of life [food, shelter, medical care, education] in equal amount to each & every citizen. There is no reason why our society cannot be both cooperative at the survival level and competitive at the reward level.
Written by William Hodge 3/23/2018
Money is like points in a Ball Game. There is never too few points. The score keeper always has enough points to score the game. As long as a Nation protects its Sovereign power to create its own currency there can never be a shortage unless a shortage is deliberately created to cause Deflation and Depression to benefit the hoarders of monetary capital. That is exactly what happened in the Bank collapse and that is exactly what the Radical Republicans are doing in their drive to impose austerity on Working People. They sure as hell are not asking for Sacrifice from the Wealthy. Their is less money in circulation now than at the beginning of the Great Recession.
There can be a shortage of labor that forces up wages in good times. The GDP bean counters would call that inflation. There can be stressed productive capacity in Good times that will inflate the price of goods and be call inflation. That too happens in Good times. There can be a shortages in resources that will push up prices in good times.
But notice that the key is that general high inflation occurs in good times when the shortages is in the ability to produce goods & services. Inflation is the result of shortage of everything except money. Austerity in times of high unemployment [excess labor] and excess productive capacity [idle factories& productive capital] is sheer insanity and no School of Economic Theory will change the facts that things will get worse - not better when you start laying people off.
When people are not working and roads are falling apart and bridges are falling down it is time that the Nation's Money Creating Score Keeper makes more money to put people to work. When we have a failing educational system and teachers are being laid off, it is time to create money and put them to work. When the nation is falling into third world dilapidation, it is time to make the money and restore our march into the Future. Money creation in time of need is not the problem. Money destruction to feed the Greed is the problem. Forget your Philosophy and do your math.
