The photo is emblematic of our current system. It does not have to be this way. We can ensure everyone has their basic needs met, while the work is done to produce all the goods and services we collectively require — without taking anything from anyone, or destroying our environment. …

Money is just a measure. Like an inch or centimeter. Instead of measuring length, it measures ‘value’ in ‘standard’ units (eg dollar bills). What ‘backs’ the units is the total natural, human, built, technological, organizational and legal resources of the society that accepts it. The seller alone provides value in…

Bitcoin is useless as money. It cannot be used to measure profit and loss when trading goods and services, as the 'unit of account’ is unstable and deflationary by design. Deflation advantages the holders of money over the holders of assets, which is the opposite of inflation. Both are bad…

This is the continuation of a series that explores the pros and cons of a Universal Basic Income (UBI). The first in the series examined the need for a UBI and compared it with Welfare and a Job Guarantee. The second explored how a UBI can be funded without increasing…

This is the continuation of a series that explores the pros and cons of a Universal Basic Income (UBI). The first in the series examined the need for a UBI and compared it with Welfare and a Job Guarantee. The second explored how a UBI can be funded without increasing…

This is the continuation of a series that explores the pros and cons of a Universal Basic Income (UBI). The first in the series examined the need for a UBI and compared it with Welfare, and a Job Guarantee. The second explored how a UBI can be funded without increasing…

This is the third in a series that explores the pros and cons of a Universal Basic Income (UBI). It explores how a UBI can be implemented with very low risk. The first examined the need for a UBI and compared it with Welfare, and a Job Guarantee. The second…

This is the second in a series that explores the pros and cons of a Universal Basic Income (UBI). It explores how a UBI can be funded without increasing taxes or debt, or taking money from other programs, or causing excessive inflation. The first examined the need for a UBI…

This is the first in a series that explores the pros and cons of a Universal Basic Income (UBI). It examines the need for a UBI and compares it with Welfare and a Job Guarantee. The second explores how a UBI can be funded without increasing taxes or debt, or…