Unsustainable business models will not secure future freedom; we need to account for nonlinear threats and impacts on natural systems. … Continue reading COP24: The Smarter Path to Human Freedom
Wildfires, floods, storms, and droughts, are putting unprecedented pressure on food crops, threatening to destabilize commodities markets that determine food … Continue reading Food Price Shocks Signal Need for Macro-Resilient Finance
The world’s wealthiest 42 individuals now hold as much wealth as the poorest 3.7 billion. This corrosive market failure is … Continue reading Income Inequality puts Everything We Value at Risk
FOR IMMEDIATE RELEASE — Bonn, 13 November 2017, 16:30 Today, the COP22 Presidency, Citizens’ Climate Education, and the Geoversiv Foundation … Continue reading Scaling up climate finance at all levels
We’re entering a new age for the Earth’s climate and for the way we conceive of finance “Macrocritical resilience” may … Continue reading Finance for Deep-Rooted Prosperity is Coming
America’s banks have, over the last decade, entered into a dangerous fictional world of projected automatic wealth in which they … Continue reading The Fiction of Automatic Wealth is Bankrupting the U.S.
Whether you are an avid supporter of Barack Obama, a perennial political skeptic, a critic, or a staunchly ideological opponent, it is clear that there must be some sort of vast, perhaps unprecedented economic stimulus put into effect in order to slow or reverse a now spiraling economic downturn. And, all have to admit as well, it is a very risky thing to gamble one’s political capital, at such a crucial moment in American history, on a huge spending package that might not have a very visible effect in the immediate short term.
Stimulus means spending, and that’s why it’s a gamble. It can mean spending by issuing cash tax-credit payouts, which consumers can then use as they please (this will likely lead only to the paying of already existing bills, which tends to be less stimulative, especially when banks are not issuing new credit freely). It can mean spending on public works, which will spur industrial output and is likely the most serious motivator of job-creation.