The purpose of this blog is to address a new way to create money in a democracy. Specifically, newly created money should be given to citizens on a routine basis, and to the government in lieu of taxes for the income that new money represents. I will flush out the plan in a series of essays—blogs. Unlike most plans this one is in flux and will need modification from time to time—the plan is not written in stone.
T. Edward Westen is the author of this blog. He is a professor emeritus in Political Science from Central Michigan University and holds a Ph.D. in Political Science from the University of Rochester. Neither institution should be considered responsible for or approving the ideas in this blog.
Without further ado, welcome to what might be called the next step: an economic democracy.