Part 5: Credit as a Public Utility: The Solution to the Economic Crisis — The Gap Between Prices and Income

Part 5: Credit as a Public Utility: The Solution to the Economic Crisis — The Gap Between Prices and Income

A Video in Six Parts Written and Produced by Richard C. Cook ©2009 by Richard C. Cook. All Rights Reserved.

One of the most important and least understood concepts in modern economics is the existence of a gap between prices and purchasing power. This gap results when a portion of prices must be set aside as business and private savings. The money is then used by the financial system for lending and speculation. Keynesian economics takes control of some of the savings through government deficit spending but is still a compromise with control of the economy by the financiers. In fact Keynesian economics has helped cause the collapsing debt pyramid. A better system would be to provide consumers with a National Dividend as a way to monetize the continuous appreciation of the producing economy.

Watch: Googel Video



Download

Source: Richard C. Cook Blog

Aired: 3/24/09 12:00 AM