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WesThe longest journey (Buba's admission) begins with a single step. Despite the many misconceptions perpetuating the Banking School myths, at least the journey has begun. Bravo for a well written response. I wonder if Professor Krugman will run this through his "dashboard"? A critical mass of public a...

2 days ago
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medialAxis"If the machine owners do not pass on most of the cost savings, then their machines need to be taxed to support general society."Yes. AISI, if their proportional gain is greater than the workers then over time, with further gains in productivity, the gap between machine owners and workers will widen...

2 weeks ago

SimonVery good point David. In theory, extreme automation should reduce the cost of everything so less money is needed. If the machine owners do not pass on most of the cost savings, then their machines need to be taxed to support general society. Maybe land value taxes need to be considered, and restrai...

2 weeks ago

medialAxisHere's a very simple puzzle about increased productivity I've posted elsewhere:The 100 villagers work in the fields earning £40/wk (£1/hr) with which they buy the crops they grow and convey to the market each week. They decide to fix the potholed roads and for 5 of them to maintain them full time....

2 weeks ago
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Lucian AerisSpot on....

2 weeks ago
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Bob WelhamUnfortunately, as far as I can see, Monetary Reform is not mentioned in the 2017 Green Party manifesto.https://www.greenparty.org.......

4 days ago

Lucian AerisI agree....

2 weeks ago

Vince RichardsonYes it is...

2 weeks ago
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