Part Five of Six Parts_ Credit As A Public Utility_ The Solution to the Economic Crisis.flv

via dandelionsalad.wordpress.com and with permission from Richard C. Cook

Part Five of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis "The Gap Between Prices and Income" Written and Produced by Richard C. Cook Summary: One of the most important and least understood concepts in modern economics is the existence of a gap between prices and purchasing power. This gap results when a portion of prices must be set aside as business and private savings. The money is then used by the financial system for lending and speculation. Keynesian economics takes control of some of the savings through government deficit spending but is still a compromise with control of the economy by the financiers. In fact Keynesian economics has helped cause the collapsing debt pyramid. A better system would be to provide consumers with a National Dividend as a way to monetize the continuous appreciation of the producing economy. Richard C. Cook is a former U.S Treasury analyst who also worked in the Carter White House and for NASA and writes on public policy issues. His new book is We Hold These Truths: The Hope of Monetary Reform (Tendril Press 2009). His website is www.richardccook.com. He is a member of the U.S. Basic Income Guarantee Network and has been an adviser to Congressman Dennis Kucinich and the American Monetary Institute. Purchase the DVD at Richard C. Cook's website

Category:

Nonprofits & Activism

Tags:

• monetary reform
• money
• economics
• currency
• Benjamin Franklin
• Thomas Jefferson
• James Madison
• Andrew Jackson
• American Monetary Institute
• Dennis Kucinich
• Richard C. Cook

[SpiritLadyArtist]

@SpiritLadyArtist He should learn of the resource based economy.

[SpiritLadyArtist]

He understands technological unemployment.

[OriginalSword]

By all victims of international finance...