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In an era of mounting ecological crisis, social fragmentation, and artificial scarcity, this white paper offers a path to realignment. It critiques the dominant paradigm that treats price stability as an end in itself, arguing that such a focus has enabled:
- Widespread underprovisioning of essential needs,
- The normalization of austerity and unemployment, and
- The protection of capital accumulation over human dignity and planetary health.
We propose a radical yet practical reframing, grounded in two powerful frameworks:
- Modern Monetary Theory (MMT)
Reveals that sovereign governments are not financially constrained in their own currency. The real constraint is not money, but productive capacity and ecological integrity. MMT empowers public spending to meet needs without fear-based deficit rhetoric. - Life-Value Onto-Axiology (LVOA)
Offers the moral foundation: all value must be grounded in its contribution to life’s capacity to exist, flourish, and regenerate. Economic systems that sacrifice life for numerical targets are ethically incoherent and systemically unstable.
Together, these frameworks support a new purpose for economics:
To provision what is needed for coherent life — not to constrain society in service to abstractions.
We introduce a suite of new life-centric economic metrics, including:
- Life-Need Fulfillment Index (LNFI)
- Life Coherence Index (LCI)
- Public Provisioning Capacity (PPC)
- Inflation Disparity Index (IDI)
We also outline real-world tools for provisioning without panic — from job guarantees and public investment to strategic taxation and regenerative infrastructure.
This paper calls for a redesign of fiscal and monetary institutions to align with the living systems they are embedded within. It is not a rejection of inflation management, but a reframing:
Inflation must be managed in service to life — not as an excuse to neglect it.
This is more than a policy paper — it is a civilizational compass.
The time has come to reclaim public finance, redefine economic success, and regenerate the social and ecological commons. From capital control to life coherence, this is a call to govern with clarity, courage, and compassion.
