Aftershock was a great book (actually that just translates to my total agreement ;-) But I don't think the conclusions in Part III 'The Bargain Restored' go far enough into the root of the problem. The fundamental imbalance in the monetary system cannot be fixed thru tax codes, but we should instead consider putting a small holding fee on money to limit its use as a speculative instrument & enhance the economic value of increasing the velocity of the currency. I'm going to list 2 web sites.
Very insightful as always.
Love to here what you say but the volume is to low.
Aftershock was a great book (actually that just translates to my total agreement ;-)
But I don't think the conclusions in Part III 'The Bargain Restored' go far enough into the root of the problem. The fundamental imbalance in the monetary system cannot be fixed thru tax codes, but we should instead consider putting a small holding fee on money to limit its use as a speculative instrument & enhance the economic value of increasing the velocity of the currency. I'm going to list 2 web sites.
bnote.org talks about why demurrage currency rather than tax code changes is a better solution for the financial inequality we now face.
The Future of Success worth reading, 2.
Excellent observations...and Reich is not stuck in the insipid Democrat v. Republican baloney!!