Money Redefined, Part I
Word count: 1968
The reasons fissures keep occurring in the economy is the same reason cracks keep appearing in the walls of some houses. The problem in both cases is that they’re sitting on a shaky foundation. Plastering over the cracks doesn’t help for long; the next tremors from below dislocate things all over again.
The question “what’s wrong with our economic system?” thus ineluctably leads to the question, “what’s wrong with money?”
Money Redefined, Part II
Word count: 1404
A citizen’s financial life is centered on his account at the National Bank–the privately-held institution that has been granted the authority to handle consumer transactions for the entire population. Everyone is issued an account at birth and keeps it for life. All his transactions–deposits and deductions–flow through this one account for there can be no other account or other means of exchange: no paper currency, no coinage.
Money Redefined, Part III
Word count: 2885
Whereas commercial banks take in deposits and from these make loans, they are prohibited from any dealings with individuals. On the positive side, the commercial world is entirely tax free. Since they view the free market as the primary means of achieving progress, they do nothing to dampen its dynamism. If a company is particularly profitable, they contend that, for the sake of economic development, it should be free to take full advantage of its success without the state dulling its competitive edge.
Money Redefined, Part IV
Word count: 2244
In the belief that everyone is entitled to at least minimal levels of nutrition…the government acts affirmatively. Each month, the National Bank deposits in every citizen’s account an allowance of vouchers…The vouchers cannot by themselves be exchanged for food but are a necessary component in all retail purchases of food items…The system is virtually cost free to the government…It is, in reality, a form of income redistribution in which the rich, on a sliding scale, subsidize the poor.
Questioning Restoration
Word count: 936
This political commentary questions the wisdom of futilely trying to restore the economy to its former status while inefficiently and inadequately tackling the immediate problem of mass unemployment.