Sunday, December 13, 2015

Helicopter money?


In response to the BBC (http://www.bbc.co.uk/programmes/p039rd7g), perhaps we need a different way to jump start the economy--something other than unpaid-for tax cuts and giving away money.
Perhaps we need an economy based on evolution rather than expansion, e.g. adapting and evolving to avoid the obvious dire effects of climate change.
Think of change rather than unsustainable expansion (growth) as the economic driver. Think fewer people, a greener planet, and the economic activity needed to get there.
It has always been such massive collective efforts that have rescued us from past economic crises. Consider the US and the Great Depression. It was World War II that saved us (the New Deal merely kept us going until the war came along).

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