Jasin wrote on Nov 28^th, 2025 at 4:21pm:


I always hope genuine posters don't need moderating, just educating

And you know my views on a (F&E) Board which assumes - as a given - the 'correctness' of the current Neoclassical orthodoxy. 

There was notion of Jubilee years in old Jewish tradition.

The Jubilee year – occurring after every seventh Sabbath year, thus, every 50 years – is an economic, cultural, environmental and communal reset.

Quote:


https://www.jewishencyclopedia.com/articles/12967-sabbatical-year-and-jubilee

Bobby. wrote on Nov 28^th, 2025 at 4:39pm:


(Again) from #1322, an outline of an alternative system enabling government to escape 'Catch-22':

<<A  combination of  'central planning' and private enterprise.

1.Cancel the bond market, so governments aren't paying interest on bonds.

2. Ensure the resources needed for vital public services  are available for purchase[/u], before issuing the (free) 'public money' needed to purchase them.

3. Let private enterprise rip within the confines of 1 and 2.>>
.........

Note: point #2 addresses "unrestricted and reckless money printing"; the resources mentioned (labour and materials) must be available for purchase by the government by decree if necessary ( hence the 'central planning' element) BEFORE treasury can issue the required money which will  be issued at no cost, ie interest free, to the currency-issuing government.

This will ensure inflation is avoided, because there will be no excess demand on available resources; this addresses your concern re inflation.

I think you missed the heading of  the plan:

"A  combination of  'central planning' and private enterprise".

Quote:


This thread is about government funding itself with public money, not your taxpayer money.

And the part-central-planning system I described above, with a mandated full employment, zero central-bank interest-rate policy (ZIRP) will ensure inflation is contained, hence the money you earn and save will be secure.   

Quote:


Adressed above; your savings will be safe from inflation.

Quote:


Yes, such is the current exploitative, dysfunctional Neoclassical system which extracts 'taxpayer money' from the citizens. 


Better:

https://publicmoneypublicgood.net/

Public money will ensure YOUR money - no longer required to fund the government (rendering "taxpayer money" obsolete) - is safe from the current dysfunctional Neoclassical system. 

Prof Steve Keen hammering the point about how banks lend money:

https://www.youtube.com/watch?v=9-iWfMwUI2k

We think banks store money. They don't.

We are taught that banks take deposits and lend them out - like passing a baton.

That is a lie.

In the real world, banks don't lend by moving old money; they lend by typing new money into existence.

When a bank gives you a loan, they don't get poorer. They simply increase their debt and your deposit simultaneously. They create purchasing power out of "thin air."

Mainstream economists - and likely your old textbooks - ignore this. They model capitalism as a barter system where banks are just neutral intermediaries.

This isn't just an academic error. It is a catastrophic mistake.

By ignoring how banks actually create money, we ignore the private debt bubbles that cause crashes. We manage the economy blindfolded.

I am tired of false models ruining our economy. It is time you saw the mechanics for yourself (see above link).

........

Dr. Steve Keen, PhD. Known as World’s Leading Rebel Economist, since 1971. Predicted 2008 Financial Crisis (years before it happened). Friede-Gard Prize Winner. UCL Honorary Professor & ISRS Distinguished Research Fellow. Seen by millions on BBC, Bloomberg, Lex Fridman and more.

Karl Marx explained our current conundrum nearly 150 years ago: economist

(cont.)

U.S. Federal Reserve Chair Jerome Powell’s openness to interest rate cuts signals a renewed turn toward cheap credit. Lower borrowing costs let capital paper over losses and pump up fresh speculative cycles.

Marx captured this logic in his analysis of interest-bearing capital, where finance generates claims on future production “above and beyond what can be realized in the form of commodities.”

The result is that households are pushed to take on more debt than they can manage, effectively swapping a crisis of stagnation for a crisis of consumer credit.

Bubbles and social risk

If the AI bubble bursts when governments have limited room to shift investment internationally and the economy is propped up by increasingly fragile credit, the consequences could be serious.

Capital will not disappear, but will instead concentrate in bond markets and credit instruments inflated by a U.S. central bank eager to cut interest rates. This does not avert crisis; it merely transfers the costs downward.

Bubbles are not accidents, but recurring mechanisms for absorbing surplus capital. If Trump’s protectionism ensures that spatial outlets continue to close and temporal fixes rely on ever riskier leverage, the system moves toward a cycle of asset inflation, collapse and renewed state intervention.

AI will survive, but the speculative bubble surrounding it is a sign of a deeper structural problem — the cost of which, when finally realized, will fall most heavily on the working class.

........

Solution:

https://publicmoneypublicgood.net/