<html xmlns="http://www.w3.org/1999/xhtml" xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office"><head><!--[if gte mso 9]><xml><o:OfficeDocumentSettings><o:AllowPNG/><o:PixelsPerInch>96</o:PixelsPerInch></o:OfficeDocumentSettings></xml><![endif]--></head><body><div style="color:#000; background-color:#fff; font-family:garamond, new york, times, serif;font-size:16px"> <div id="yui_3_16_0_ym19_1_1493845513230_2852"><font size="5">"As a transition from todays debt stagnation, he suggests that the central banks create a lump sum to put into everyone’s account. Debtors would be required to use their gift to pay down the debt. Non-debtors would keep the transfer payment – so as not to let demagogic political opponents accuse this plan of rewarding the profligate.</font></div><div id="yui_3_16_0_ym19_1_1493845513230_2853"><font id="yui_3_16_0_ym19_1_1493845513230_3001" size="5">If this solution is <em id="yui_3_16_0_ym19_1_1493845513230_2854">not</em> taken, debtors will continue to lumber on under debt and tax conditions where only about a third of their nominal wages are available to spend on the goods and services that labor produces. The circular flow between producers and consumers will shrink – being siphoned off by debt service and government taxes to bail out bankers instead of their victims.</font></div><div id="yui_3_16_0_ym19_1_1493845513230_2855" dir="ltr"><font id="yui_3_16_0_ym19_1_1493845513230_2954" size="5">This should be what today’s politics is all about. It should be the politics of the future. But that requires an Economics of the Future – that is, Reality Economics."</font></div><div id="yui_3_16_0_ym19_1_1493845513230_2984" dir="ltr"><font id="yui_3_16_0_ym19_1_1493845513230_2982" size="5"><a class="enhancr2_282fdee1-b811-b387-26e7-174ed87e3650" id="yui_3_16_0_ym19_1_1493845513230_2981" href="http://www.counterpunch.org/2017/05/02/the-economics-of-the-future/">The Economics of the Future</a></font></div><div id="yui_3_16_0_ym19_1_1493845513230_3003"><br></div><div class="yahoo-link-enhancr-card ymail-preserve-class ymail-preserve-style img-overlay-selected" id="enhancr2_282fdee1-b811-b387-26e7-174ed87e3650" style="max-width:400px;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;" dir="ltr" contenteditable="false" data-size="medium" data-type="yenhancr" data-embed-url="" data-category="article" data-url="http://www.counterpunch.org/2017/05/02/the-economics-of-the-future/"> <a class="yahoo-enhancr-cardlink" id="yui_3_16_0_ym19_1_1493845513230_3017" style="text-decoration:none !important; 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line-height:19px; margin:0 0 4px 0;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;word-break:break-word;">The Economics of the Future</h2> <div class="card-description" style="font-size:11px;line-height:15px;color:#999;word-break:break-word;">At first glance Steve Keen’s new book Can We Avoid Another Financial Crisis? seems too small-sized at 147 pages....</div> </td> <td style="text-align:right;padding:16px 12px 16px 0;"> </td> </tr> </tbody></table> </td> </tr> </tbody></table> </td> </tr> </tbody></table> </a></div><div><br></div></div></body></html>