...Lift*Off: A Macroeconomic Paradigm for Stabilization and Growth

Abstract:     
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 Renaissance

working papers series