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Since there's some discussion in this thead about inequality of revenue between generations, I would mention here Stéphane Laborde's "Théorie Relative de la Mon
by informatimago 12y ago
Since there's some discussion in this thead about inequality of revenue between generations, I would mention here Stéphane Laborde's "Théorie Relative de la Monnaie" http://trm.creationmonetaire.info/ http://trm.creationmonetaire.info/ or "Currency Relative Theory" https://github.com/informatimago/LatexTRM/blob/master/LateXTRM-en.pdf https://github.com/informatimago/LatexTRM/blob/master/LateXT...
Basically: instead of performing QE by giving all the new money to banksters, we give a Universal Dividend to all human being, at a rate determined from the average lifespan, so that each human being gets the same relative amount of money during his life who ever he is, and WHENEVER he lives. (Of course, this doesn't precludes normal economic exchanges, and therefore differences in paychecks, but at least the QE are done systematically in a reasonned system, contrarily the aphasard releases of the Fed). (For the European Union, given the average lifespan here, this would give a Universal Dividend of about 500€/month).