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

19 Pages Posted: 3 Feb 2012 Last revised: 20 May 2012

Chaim Scheff

affiliation not provided to SSRN

Date Written: December 11, 2011

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.

Keywords: Austerity, Stimulus, Austerity Compliant, Stimulus Compliant, Monetary Policy, Future Generations, Wall Street, Main Street, Earth Street, Risk Reformation, Reward Renaissance

Suggested Citation

Scheff, Chaim, ...Lift*Off: A Macroeconomic Paradigm for Stabilization and Growth (December 11, 2011). Available at SSRN: https://ssrn.com/abstract=1996262 or http://dx.doi.org/10.2139/ssrn.1996262

Chaim Scheff (Contact Author)

affiliation not provided to SSRN ( email )

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