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What is the Chicago Plan and can it save the global economy?

What is the Chicago Plan and can it save the global economy? | The P2P Daily | Scoop.it
An IMF study has proposed a 1930s plan that would magic away government debt and end 'boom and bust' for good...

 

Why does this IMF paper not get more media attention? Because it would increase the power of government and tame the banks?


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Degrowth, expensive oil, and the new economics of energy

"Expensive oil ... does appear to be suffocating the debt-ridden, global economy, just as it is trying to recover ...

 

Unfortunately, mainstream economists, including those in government, seem oblivious to the close relationship between energy, debt, and economy, and this means they are unable to see that expensive oil is one of the primary underlying causes of today’s economic problems. Consequently, they craft their intended solutions (e.g. stimulus packages, quantitative easing, low interest rates to encourage borrowing, etc) based on flawed, growth-based thinking, not recognising that the new economics of energy means that the growth model, which assumes cheap energy inputs, is now dangerously out-dated. When growth-based economies do not grow, household, firms, and nations struggle to repay their debts, and quickly things begin to unravel in undesirable ways."

 

Excellent analysis by Dr Samuel Alexander of the links between global energy descent, rising commodity prices, the end of growth and the Great Depression.

 


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We can't grow ourselves out of debt

We can't grow ourselves out of debt | The P2P Daily | Scoop.it
Charles Eisenstein: Let's replace our fixation on growth with a steady-state economy focusing on lower consumption, leisure and ecological health...

 

Very good analysis by Charles Eisenstein (author of "Sacred Economics") on the absurdity of rightist and leftist hopes to re-invent economic growth.


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The Twilight of Investment

"It’s one of the mordant ironies of contemporary history that Europe fought two of the world’s most savage wars in the firt half of the twentieth century to deny Germany a European empire, then spent the second half of the same century allowing Germany to attain peacefully nearly every one of its war aims short of overseas colonies and a victory parade down the Champs Élysées."

 

Brilliant analysis by John Michael Greer of Europe's debt crisis and the global context of failing economic growth. Must-read.

 


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