a_kind_of_chicken

Democracy assumes that the majority of the population cares about the country more than themselves. This is increasingly not so. As the Greeks warned so, pure democracy is dangerous.  If we have a democratic system where everyone  focuses only on himself, everyone will keep garbing from the government, resulting in a erosion of social and moral values. The following proposal is suggests a system that can promote the ideals on which the United States of America is founded, while providing a mechanism for transiting from the current system. ################################################# America citizenship is a honor to be earned, not a right to be demanded because of accident of birth. Citizenship is open to everyone, regardless of race, language or creed. 1) All men are not equal. We acknowledge this by giving those that contribute more a greater number of votes, better welfare, medical care, etc. 2) There are twelve ranks of citizens.  3) Each citizen  in ranks 1...

Abstract MMT suggests that money printing is an answer to consumption collapse, in which there exist a free-lunch, where the printed money can be spent without causing inflation. This conclusion is so counter-intuitive that some have termed it "a theory so stupid that only a modern academic would accept it". However, MMT seems to be the only explanation for current empirical evidence. In this post, a non-economist proposes an alternative, theoretical explanation for current events that models the current financial system as a Ponzi scheme which rapidly absorbs wealth from the economy around it. This scheme can be kept going through the constant printing of money for it to absorb. Further, there is no apparently inflation, as the Ponzi scheme is absorbing the new money. We explain that while apparently attractive, such a scheme will lead to decreasing efficiency and market dysfunction, with inflation re-appearing as an end game scenario. Our theory concludes that there is no f...