Funding a Full Spectrum Economy...
Its been estimated that if we measured and monetized the Household Enterprise sector in a Full Spectrum Economy, it could add $11 trillion to the global economy. Where would this money come from? (add comments below)
That's right---the Household enterprise sector could bring upwards of $11 trillion dollars into the economy if we began to measure and monetize all the caregiving activities that go on in our homes. This is a staggering number and in the US, it could be as much as $ 1.5 trillion per year.
But where would this money come from to pay for this sector? This is truly 'new' money and it can't be taken from the $60 trillion that currently circulates around the globe because that would mean moving it out of one sector and into a different one---and that doesn't really change anything. An infusion of new capital would be needed to fuel the Household Sector because that $11 trillion does not currently exist. Since we don't currently pay for those caring and caregiving activities, the decision to do so will come from a conscious decision to 'fund this sector' with new money.
An interesting option can be explored by reading an article by Ellen Brown, author of Web of Debt. The article is entitled:
REVIVE LINCOLN’S MONETARY POLICY:
AN OPEN LETTER TO PRESIDENT OBAMA
Basically, this article discusses a "Public banking option"--an option that was used by Pennsylvania in Benjamin Franklin's day to fuel that state's economy and did so without taxing the citizens; it was used by Abraham Lincoln to fund the North's side of the Civil War and it is used today by the state of North Dakota--a state that actually has a surplus while most states are crippled with huge deficits.
This article offers a unique opportunity with a proven track record to fund a Full Spectrum Economy!
