Tag: Money

The Garden of Becoming: Cultivating a Life-Centric Future of Unity, Flourishing, and Transformation | ChatGPT o1

Table of Contents

  • From a MMT perspective, can you analyze the reasons behind the argument that imports are benefits while exports are costs, by looking at the assumptions and presumptions made, and if they are sound or flawed?
  • By adding a life-value axiom to real resource acquisition and distribution, given the heterogenous nature of these resources, can more clarity and better insights be brought in, so as to make the system more ecologically efficient, physical input-output efficient and human development efficient, as per John McMurtry?
  • From this perspective, using a life-cost and life-benefit lens, how can the life-value of imports and exports be reframed?
  • How is Money Created?
  • Given the interdependencies involved domestically in terms of government and private bank money creation and internationally with money flows from foreign trade and investments, how can a life-coherent supporting and development integration be harmonious constructed to balance the real life-costs and life-benefits over generational time and planetary space using the insights from MMT and McMurtry that have been elucidated above?
  • Given the instabilities due to climate destabilization, social inequities, conflicts and chronic health issues that we are facing right now which have implications for movement of people to secure livelihoods, how can this integrated life-centric MMT understanding optimally address the migration issues?
  • In this light, how can a fully coherent life-centric MMT-informed framework help guide The One Health, Health in All Policies, and the Whole Government-Society approach to holistic life support and development?
  • What are the present and future challenges to this paradigm shift, and how can these act not as stumbling blocks, but as stepping stones of catalytic transformative potential to achieving universally and holistically true life-enabling liberation and fulfillment in our individual and collective journeys of self- and other- realization? In other words, how can we identify the individual and collective shadows in our midst for recognition, awareness, acceptance and integration for full life-coherent transformation?
  • Can you create a narrative expressing this vision?
  • Can you create a vibrant image reflecting this?

Read More

The Resonance of Archetypes: A Tale of Money, Emotion, and Life’s Values | ChatGPT4o

Table of Contents

  • Can you summarize chapter by chapter the key points from Bernard Lietaer’s book The Mystery of Money?
  • Can you create a document summarizing the thesis of the information presented here?
  • Can you integrate the insights of the above with emotional sentience and LVOA?

Read More

Money, Power, and Democracy: Reforming the Financial System for the Public Good | ChatGPT4o

Table of Contents

  • Can you in some detail unpack the insights of Michael Hudson’s work on historical economic systems as they relate to the shortcomings of neoliberal thinking?
  • Can you in some detail unpack the insights of Jason Hickel’s work on capital accumulation and degrowth as they relate to the shortcomings of neoliberal thinking?
  • Can you in some detail unpack the insights of Steve Keen’s work on energy analysis using dynamic computing tools like Ravel as they relate to the shortcomings of neoliberal thinking?
  • Can you in some detail unpack the insights of Richard Werner’s work on the banking system and the money creation processes as they relate to the shortcomings of neoliberal thinking?
  • Can you in some detail unpack the insights of Bernard Lietaer’s work on money systems in ancient times and the present as they relate to the shortcomings of neoliberal thinking?
  • Can you in some detail unpack the insights of John McMurtry’s work on value systems as they relate to the shortcomings of neoliberal thinking?
  • Given the insights of the works of these thinkers discussed above, is there a reason why these shortcomings seem to be entrenched in our policies and what are some of the steps that need to be taken to remedy them to provide a healthy, holistic, integrated and sustainable way of developing economically?
  • Can you provide suggestions of possible blog article titles enlightening these shortcomings and their remedies?

Read More

Unmasking the Power: How Financial Elites Maintain Control Through Passive Aggression | ChatGPT4o

Table of Contents

  • Can the central banking system be seen as having machinations that can be interpreted as passive aggression and a form of power-laundering by the elite ruling class?
  • Can a very strong argument be made that the insights of credit creation by Profs Richard Werner and Steve Keen along with those in MMT community have thrown more light to show by delaying this understanding of how money creation occurs in real life, this is passive aggression and power-laundering of the financial elites to the highest degree?
  • Has academia, the media and NGOs been complicit or colluded with this passive aggressive power-laundering and please cite specific illustrative examples?
  • So what is the way forward to make out global financial system whole?
  • Can you provide a list or titles for blog articles encapsulating all we have learnt so far in this chat?
  • Can you create an image representing the lessons learnt here?

Read More

Public Communication and Power: Talking Capitalism, Theory and Critique with John McMurtry

Abstract: This interview with globally distinguished Canadian philosopher and author, John McMurtry, presents dialogue discussing capitalism, asymmetrical power relations, life capital, social theory, common life interest, life value, global problems, market theology, media, values of the market and free market ideology today in relation to public education, academia, intellectual fads and the broader intellectual culture in relation to enabling public understanding of meaning-making and power, totalising market culture, climate, dispossession, health, influence, energy, labour, income, slavery, corporate welfare, neo-liberalism, the global ecosystem, and inequalities of class and power.

Read More

TOWARDS A SUSTAINABLE WORLD | Bernard Lietaer | Delta Institute – Dieter Legat

The “Law of the Sustainability of Living Systems”, developed with other experts, explains and specifies the principles of sustainability: It says that living systems are only sustainable if they achieve a balance between productivity and elasticity. Balance, therefore, between short-term benefits of long-term existence. Just like that of Yin and Yang – not an “either – or”. We violate this law criminally. We have driven most living systems out of balance, making them non-sustainable.. Mono-cultures of all kinds, for example, emphasize short-term benefits and are not even sustainable in the short term without massive additional costs, as Lietaer shows with the example of forests and today’s monetary system. The book calls on readers to ensure that this law of sustainability is recognized and complied with. Both as individuals and as leaders in business and politics, readers are challenged to balance the short-sighted overvaluation of rapid return with the preservation of resilience.

Read More

“A Deep Dive into Money and Banking” and “Funding the Green Transition with Public Banks” with Ellen Brown | 2019 Soil & Nutrition Conference

A Deep Dive into Money and Banking After the banking crisis of 2008-09, even former Fed Chairs were admitting they had gotten it wrong. Economic policies are not working because the underlying theories are wrong. This workshop will take a deep dive into what is really going on with our money and banking system, how… Read More

A Selection of Articles on Modern Monetary Theory by L. Randall Wray | neweconomicperspectives.org

Table of Contents

♦ MODERN MONEY THEORY: THE BASICS
♦ Taxes and the Public Purpose
♦ CREATIONISM VERSUS REDEMPTIONISM: HOW A MONEY-ISSUER REALLY LENDS AND SPENDS
♦ Tax Bads, Not Goods
♦ DEBT-FREE MONEY: A NON-SEQUITUR IN SEARCH OF A POLICY
♦ Why Money Matters
♦ MODERN MONEY THEORY: How I came to MMT and what I include in MMT
♦ An MMT View of the Twin Deficits Debate
♦ A Conspiracy Against MMT? Chicago Booth’s Polling and Trolling
♦ A Must Read: Why does everyone hate MMT?
♦ HOW TO PAY FOR THE WAR Read More

INNOVATIVE STRATEGIES FOR FINANCING FULL EMPLOYMENT – By Bernard Lietaer (2009)

Full employment can be achieved by implementing practical methods already applied in countries such as Switzerland, Uruguay and Brazil. This two-hour seminar will explore the role of complementary currencies and other monetary innovations that can be applied to generate employment at the local and national level by governments and NGOs. Bernard Lietaer is a Fellow of the Academy, Research Fellow at UC Berkeley and financial consultant with more than 25 years experience working on innovations in money systems. He has served as co-designer of the convergence mechanism that created the Euro, President of Belgium’s Electronic Payments System, general manager and currency trader for the world’s most successful currency fund. He is the author of 14 books, including Future of Money, translated in 18 languages. Bernard Lietaer bio

Read More

The Future of Money | Chapters 9-10-Epilogue and Prelude | Bernard Lietaer (1999)

So far, we have remained within a fundamental premise implicitly built into economic thinking: that the economy is a closed system where monetary exchanges determine what is going on. In this chapter, we will start having a peek “outside of the box.”

My basic premise is that no single metaphor can provide us with a full picture for the possibilities offered by revisiting our unconscious assumptions about money. Multiplying the perspectives through different metaphors should therefore help to dispel the illusion that any one of them describes the real world.

Nine Metaphors

Each metaphor gives only an insight from one particular angle. It is a bit as if someone tried to make an inventory of the Louvre Museum by looking through key holes. The more keyholes we can look through, the better the chance to grasp the real picture, although we should never have the illusion that we really have figured it all out. The view from the keyhole of traditional economics will be complemented by eight additional metaphors which each provide an interesting insight, and together allow us to better map the terrain. Through this diversity of viewpoints, I also hope to dispel the notion that any one of them fully describes reality as it is.

Here are nine metaphors:

  1. Traditional Economics Viewpoint
  2. Alternative Economics Viewpoint
  3. Biological Metaphor
  4. The Brain Metaphor
  5. Mythological Viewpoint
  6. A Western Philosophical Viewpoint
  7. A Humanistic Viewpoint
  8. A Taoist Viewpoint
  9. A Whole Systems Viewpoint

Read More