...Lift*Off: A Macroeconomic Paradigm for Stabilization and Growth
affiliation not provided to SSRN
December 11, 2011
To quickly establish a healthy global economy, populated by a preponderance of healthy national economies, aspects of both Austerity and Stimulus are necessary; and there is an optimistic risk mitigating monetary policy that will allow both simultaneously. While austerity programs demand a long hard recovery epoch and stimulus programs increasingly only yield sparsely vaporous instant results, we propose a completely alternative dual national currency model for gently decoupling quasi independent economic sectors (markets, commodities, and society) and a mechanism for managing an equilibrium recovery of each of them. Historical precedents for such dual currencies exist, albeit without appropriate regulatory mechanisms nor macro-sensitive risk mitigation boundaries. Ours is a model for converging into a robust economy of renewable prosperity.
Number of Pages in PDF File: 19
Keywords: Austerity, Stimulus, Austerity Compliant, Stimulus Compliant, Monetary Policy, Future Generations, Wall Street, Main Street, Earth Street, Risk Reformation, Reward Renaissanceworking papers series
Date posted: February 3, 2012 ; Last revised: May 20, 2012
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo5 in 0.781 seconds