Did you know that if we poured more money into the economy, it doesn’t automatically mean inflation has to happen. Our economy is just a social agreement. The “free”markets are social constructs that can be renegotiated. And they definitely get manipulated. Read the book Currency Wars by James Rickards to hear how. There’s this program that was conceived by someone I know personally who is an economist and works in finance. It’s called the Financial Freedom Act. The challenge isn’t coming up with the resources. It’s getting people to see that the current economic structure is not built on immutable laws. It is just an idea that was made up. The economy we have now isn’t the same one we had before Nixon took us off the gold standard. It’s just that those who don’t benefit from it don’t know that it is all a construct. We “print” our own money and have the agreement of what it means. We could totally decide it meant something different.
We used to barter more. Salt used to be currency. A billionaire who was thirsty in the desert would give their fortune for a cup of water because the demand would be high enough. These are decisions based on what people determine is of value.
In a post I wrote last year entitled, There Is More Than Enough for Everyone, I share an interview I did with the author of the Financial Freedom Act and The Emerging Kingdom, Scott Andrew Smith, who introduces a viable economic model that opens up possibilities heretofore unimaginable to most people such as:
- Universal Basic Income
- Basic Healthcare
- Free College Tuition
- Negligible Taxes
Since meeting Scott, I have read and listened to a host of books on the economy such as The Deficit Myth by Stephanie Kelton, Kingonomics by Rodney Sampson, The Age of Cryptocurrency by Paul Vigna and Michael Casey, and The Half Has Never Been Told: Slavery and the Making of American Capitalism by Edward E. Baptist to get a well rounded look at America’s economic development. And I have come away with the awareness that Scott’s model is the best model I’ve ever seen presented to address the economic and social hangups in our society. Essentially he has created a new economic operating system.
But as thought out as Scott’s plan is, the unfortunate thing is that the people who will likely put up the most resistance to it will likely be those who could benefit from it the most. As I’ve studied the past and present economy, I have witnessed that the fear of not enough often overshadows the possibilities afforded by having a more abundant mindset. And it doesn’t matter if the person living in that fear is a billionaire or the most impoverished person. We have been acculturated into a system that requires haves and have nots to drive the economic engine. So the real challenge here is waking people up to the fact that the economy was created to serve humanity, humanity was not created to serve the economy.