I think governments could offer to convert debts to % of GDP commitments (like Shiller's Trills) and thus very effectively reduce the dangers of economic contagion. Tax policies that discourage debt would help to do the same. Debt can fuel a boom, but it can also spark a catastrophe.
I realize this is what the system is. I've been around it. It doesn't train people to ride, it encourages them to remain dependent forever. This is why I want to completely revamp it. The system I describe supplements earnings - it does not incentive people not to earn. Check out the more detailed article: talkmarkets.com/.../the-road-to-a-post-corona-boom-part-1
I think they are intrinsically linked. There have been brutal police killings in the past but they have led to localized protests/riots. There have been anti-globalization riots in the past (see Seattle) but they have been very limited in scope.
When you mix in massive effective unemployment which has *especially* hit minority communities and younger people (I believe) you create enormous frustration, untapped energy, resentment, fear, displacement etc... Heck, even cancelling professional sports augments this. The virus makes the riots and, unfortunately, the riots probably make the virus.
You aren't going to 'outlaw' racism. I'm Jewish and all the efforts to legally combat antisemitism have accomplished less than nothing. What you can do is give people more opportunity, more control over their lives, less fear, clearer paths to justice etc... And that's a lot of what these proposals are about.
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Is This Can Too Big For Fed & ECB To Kick?
I think governments could offer to convert debts to % of GDP commitments (like Shiller's Trills) and thus very effectively reduce the dangers of economic contagion. Tax policies that discourage debt would help to do the same. Debt can fuel a boom, but it can also spark a catastrophe.
“Some Of My Best Friends Are Economists”
The answer is different for every person. That's one of the beauties of creativity :)
Empowering America
I realize this is what the system is. I've been around it. It doesn't train people to ride, it encourages them to remain dependent forever. This is why I want to completely revamp it. The system I describe supplements earnings - it does not incentive people not to earn. Check out the more detailed article: talkmarkets.com/.../the-road-to-a-post-corona-boom-part-1
Empowering America
I think they are intrinsically linked. There have been brutal police killings in the past but they have led to localized protests/riots. There have been anti-globalization riots in the past (see Seattle) but they have been very limited in scope.
When you mix in massive effective unemployment which has *especially* hit minority communities and younger people (I believe) you create enormous frustration, untapped energy, resentment, fear, displacement etc... Heck, even cancelling professional sports augments this. The virus makes the riots and, unfortunately, the riots probably make the virus.
You aren't going to 'outlaw' racism. I'm Jewish and all the efforts to legally combat antisemitism have accomplished less than nothing. What you can do is give people more opportunity, more control over their lives, less fear, clearer paths to justice etc... And that's a lot of what these proposals are about.
Empowering America
The argument is that for some it was never very good. The problem is that the existing call for action doesn't do much to make it better.
Empowering America
Thank you
The Road To A Post-Corona Boom - Part 1
I wrote a piece that brought together all the various policies under a single concept - empowering America... talkmarkets.com/.../empowering-america?post=265437
The Road To A Post-Corona Boom (Healthcare) - Part 2
I wrote a piece that brought together all the various policies under a single concept - empowering America... talkmarkets.com/.../empowering-america?post=265437
Brutality, Riots And A Way Forward
I wrote a piece that brought together all the various policies under a single concept - empowering America... talkmarkets.com/.../empowering-america?post=265437
Empowering America
I realized the healthcare link didn't make it. Here it is: talkmarkets.com/.../the-road-to-a-post-corona-boom-healthcare-part-2