The end of the financial and economic crisis
In the current global downturn, there is a lack of creditors in the private sector with sufficient solvency who are able to transfer huge sums that have been saved into the real economy.
If this surplus of assets could be fed into the real economy, the crisis would be over.
In principle, there are only three options currently available to us:
- The state itself can pump money into the economy.
But in doing this, the state simply gets itself deeper into debt. The problem that this creates (apart from frittering away public money) is that it risks national bankruptcy and civil disorder.
- Money can be tempted back into the economy by the prospect of high returns.
In the economic crisis of 2009, there is little prospect of high returns. Unless, of course, we go down the ‘classic’ route of armaments, warfare and reconstruction.
- We can use the market economy to bring money back into the real economy.
And we’ll do this by monopoly-free regulation of the price of money within a market economy.To achieve this, all it takes is a public announcement.
The crisis could be over by tomorrow.
See our film to discover the alternative to state bankruptcy and war