Stop Being So Optimistic about a Universal Basic Income

(Christopher England) On the topic of socialism, G.K. Chesterton once remarked, “I do not propose to prove … that socialism is a poison; it is enough if I maintain that it is a medicine and not a wine.”  Chesterton’s point is that socialist reform proposals, even if they really do address an underlying economic crisis, should never be mistaken for true human flourishing, which always requires a substantial degree of self-sufficiency and independence.  A man whose life depends on continual doses of strong medicine remains a sick man, and he cannot fully partake of the good things in life, such as drinking wine.

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‘The $16 Trillion Virus’: Economists Estimate Financial Toll of COVID-19 on US

(Tom Ozimek) Former U.S. Treasury Secretary Lawrence Summers and fellow Harvard University economist David Cutler argued in an essay on Monday that the pandemic will end up costing the United States $16 trillion, around four times the toll exacted by the 2007–08 Great Recession.

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Is The Nationwide Coin Shortage Being Used To Push Us Toward A Cashless Society?

(Michael Snyder) The coin shortage in the United States is becoming quite severe, and a lot of people are deeply concerned about where this might be leading us. But if you don’t run a business or deal with coins on a regular basis, you may not even know that it is happening.

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A Resource-Based Economy and Two Roads to the Future: Service-to-Others or Service-to-Self

service to others, money, A Resource-Based Economy and Two Roads to the Future: Service-to-Others or Service-to-Self

(Mickey Megistus) If you’re doing the research (and the proper spiritual inner-work) while looking at all the pieces on the board, you can see, and verify, that humanity is currently making its gradual transition to a resource-based economy where money will no longer be needed. 

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The War on Cash: Using COVID-19 to Make Sure the Rich Get Richer and Control the Monetary System?

(Brian Shilhavy) There has been much written lately about how the COVID-19 “pandemic” is being used as an excuse to usher in some kind of national “Medical ID” that could be used as a tool to control our daily activities, and be used as a requirement to do almost everything in society, from buying goods to travel to receiving medical treatment and beyond.

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