Description
To teach binary economics and address the causes of economic inequality and study solutions to solve the underlying problem. The problem is lack of democratic access to the means of acquiring and possessing the physical productive capital that is replacing human labor as a factor of production at an increasing rate. Monetizing economic growth directly by creating asset-based money for the private sector to finance new capital formation in ways that expand the base of capital ownership would allow currently propertyless people to own capital without redistributing existing capital. Prohibiting further monetization of government debt would force government to live within its means and stabilize the currency. Financial mechanisms and policies can be designed to provide every citizen similar means to enjoy full equality of future opportunity to acquire ownership of dividend payout shares representing growth and ownership transfers of wealth-producing enterprises. Such an expanded ownership strategy would stimulate new consumption balanced by new productive capacity, new jobs and new private sector retirement assets, without government induced inflation.
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