by Richard C. Cook
Featured Writer
Dandelion Salad
richardccook.com
February 8, 2009
Richard C. Cook proposes “A Bailout for the People: Dividend Economics and the Basic Income Guarantee.” Cook is a former analyst for the U.S. federal government. His book on monetary reform “We Hold These Truths: The Hope of Monetary Reform” is available at www.amazon.com. He can be contacted at richardccook.com
Richard C. Cook is a former U.S. federal government analyst. His book on monetary reform, We Hold These Truths: The Hope of Monetary Reform, is now available at www.amazon.com. He is also the author of Challenger Revealed: An Insider’s Account of How the Reagan Administration Caused the Greatest Tragedy of the Space Age. He can be contacted through his website at www.richardccook.com.
see
Bailout for the People: “The Cook Plan” by Richard C. Cook
Open Letter to Dr. Joseph Stiglitz and Challenge to Debate By Richard C. Cook
The Economy Sucks and or Collapse 2
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Dear Richard,
Look at the problem from a much more fundamental point of view. If the money is understood to be valuable in itself, then what we want is the money, but if the money is conceived as the measure then we will not see the money but the economy, which is people doing things for each other and exchanging what they do. Due to human nature an exchange only happens when both sides to the exchange judge that they will be better off as a result of the exchange. In the aggregate exchange should be making everyone increasingly better off. Anything which directs the surplus to a small group – which is what interest does – denies human nature, appropriates it so to speak. Issue the currency – all the currency – debt and interest free and regulate its value so that we have a reliable measure. It is no accident that coin money and regulate its value and fix the weights and measures are all one sentence in the Constitution.
I agree, all money shall be issued at ZERO interest, bankers to paid an hourly rate for their work FOR THE COMMUNITY.
Debt is not a problem when interest is abolished.
All debt to be cancelled immediately, then follow something like the Cook plan, with more input from other people using “Talking Circle” technology.
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