CZ:Cold Storage/Financing human rights and full employment: Difference between revisions
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Revision as of 19:56, 20 January 2008
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Extending human rights to everyone and achieving global full employment everywhere are goals that are universally accepted.
To finance a variety of means to reach these goals the concept of a Keynesian money supply, a sufficient segment thereof being created by sovereign nations without corresponding debt, is appropriate.
As money is created in volume, price affordability is critical. The volume of money created by bank credit is controllable by related rates of interest. The volume of money created by sovereign spending without debt is controllable by private inflation-protected savings, taxes to reduce such volume, and the circulation of money in markets for goods and services.
In a full employment economy, price affordability to give substance to human rights is a function of production and wages and income apart from wages.
Information feedback from individual wages, incomes and consumption purchasing. together with firm level and higher level aggregates, is necessary to determine necessary taxes and subsidies to finance the national goals above and their aggregate global achievement.