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Today’s economic systems operate under a deeply flawed assumption: that inflation control must come before life-needs provisioning. This white paper reveals how such a view — long embedded in neoliberal monetary orthodoxy — functions to protect the interests of capital holders, suppress public spending, and rationalize austerity at the cost of human and planetary wellbeing.
We begin by deconstructing this false dichotomy — that societies must choose between price stability and provisioning — arguing instead that this tension is ideological, not economic.
We then explore:
- How inflation disproportionately affects classes differently, and how it has been used as a political weapon against labor, the poor, and sovereign policy autonomy.
- How austerity myths weaponize artificial scarcity, shrinking public capacity under the guise of fiscal prudence.
- How Modern Monetary Theory reframes sovereign currency issuance as a public tool for meeting real needs, constrained only by real resources, not revenue.
We introduce Life-Value Onto-Axiology as the ethical foundation for legitimate economic systems, asserting that:
“An economy is only valid to the extent that it increases the life-carrying capacity of people and planet.”
To this end, we propose a new set of metrics:
- Life-Need Fulfillment Index (LNFI)
- Life Coherence Index (LCI)
- Public Provisioning Capacity (PPC)
- Inflation Disparity Index (IDI)
These indicators realign economic evaluation with what truly matters: health, access, dignity, resilience, and ecological harmony.
Finally, we outline real-world solutions — including job guarantees, universal basic services, regenerative infrastructure investment, and participatory fiscal councils — that allow sovereign states to provision without panic, manage inflation intelligently, and build a future of sufficiency over scarcity.
The call is clear:
Let us reclaim public finance not as an instrument of control, but as a shared tool for provisioning life with coherence, compassion, and courage.