Fifty years after the Eastern Caribbean dollar was anchored to the US dollar, the currency remains one of the world’s most durable monetary success stories. But does monetary stability alone create genuine prosperity? This Deep Dive explores the paradox at the heart of the ECCU’s economic model and examines Dr. Bichara Sahely’s proposal for a Life-Coherent Financial System capable of transforming financial stability into long-term human and ecological flourishing. Read More
This white paper introduces Modern Monetary Theory (MMT) as a transformative framework for reimagining fiscal policy in Canada. By challenging prevailing myths about deficits, debt, and balanced budgets, MMT reframes the federal government not as a financially constrained household but as a sovereign currency issuer with vast capacity to invest in public goods. Within this framework, the real constraint is not financial solvency but the economy’s productive capacity and inflation thresholds.
Canada, as a monetarily sovereign nation with a floating exchange rate and domestic debt issuance, has the technical and institutional prerequisites to adopt MMT-aligned policies. The paper explores how such policies can address urgent challenges — housing, healthcare, climate, Indigenous justice — by targeting idle capacity and fostering regenerative investment. It integrates MMT with life-value onto-axiology, proposing a new fiscal architecture grounded in coherence, care, and planetary stewardship.
Through historical analysis, policy simulations, and life-centered metrics, this work offers a roadmap for designing a fiscal system that serves the common good without the artificial constraints of outdated economic dogmas.
