- The New Economy Academy Manifesto -
For too long we the general public have been told by "experts" that economics is too complex for us to understand. However, the essentials of economics are not too complex for the average person. We are confused because not only have we not been taught the essential secrets and (shocking) realities of our system that elites know so well and use to their advantage every day, but we the public have been deliberately misled by decades of deliberate deception that complexify and obfuscate what are in fact straightforward economic concepts and realities.
The deliberate deception of the general public, combined with our current tepid economic "recovery," stagnant wages, massive income inequality, and the way that elites are using vast amounts of money to corrupt our political system - are all converging to increasingly disillusion the vast majority of us, who are hungry to understand the truth about our economy and to discover how to actually create a prosperous, sustainable world.
The time has come for every citizen to understand the basic foundations of lasting economic well-being, which are surprisingly simple, straightforward - and empowering - when infused with the light of history and cross-cultural wisdom, overthrowing the bewildering legacy of decades of self-serving economic theories, petty political ideologies, and outright lies.
The New Economy Academy offers courses and "Cutting Edge Conversations" designed to explore the deep, important questions that matter to the working people of our world; the 99%. Our goal is to support the public, activists, politicians, and bankers to discover how to create a truly prosperous economy, and to inspire decisive actions toward this end. We are not a "think tank" - we are an advocacy Academy devoted to action, and are unabashed about the urgent need for change.
Here are some of the tough questions we ask at the New Economy Academy:
- How is our money created? What are the resulting implications for our economy and culture? Is it true that many of the greatest U.S. presidents argued vehemently against private money creation? If so, why is this hidden history such a secret?
- Is it true that Benjamin Franklin claimed that one of the primary reasons for the Revolutionary War was the interference by England in the U.S. colonies' very successful scrip currencies? If so, why has this fact been left out of the history books?
- Is continued economic growth mathematically compatible with the finite resources of Earth? Does our debt-based monetary system mandate unsustainable growth? How has the environmental movement overlooked this fundamental issue?
- Are there historical examples of sustained economic prosperity, as opposed to the boom/bust cycles we are familiar with? If so, what can we learn from them? Has there ever been a sustainable economy where money to accomplish the work and projects needed was not in short supply?
- Interest charges make up perhaps 40% of the price of the goods we buy today. Is there a way to reduce or eliminate this interest load on our economy?
- What are the successful precedents of public-interest banking today and throughout history, in the U.S. and abroad? What are the historical benefits of public banks for society? And does public banking support or compete with regional community banks?
- What lessons can we learn from the last few years of public bank initiatives at the state level, to get more public banks on the ground?
- How has Iceland's response to their recession/collapse of sending bankers and politicians to jail and reforming their banking system turned out, and what can we learn from their approach?
- It is becoming almost a truism to say that fiat currency is always doomed to fail in time. However, is it possible that the deciding factor in the success or failure of fiat currency is: who issues the currency? That is: is it issued privately at interest, or publicly as debt-free money?
- Should money really be a commodity, like oil, gold, and wheat as it is today? Should we bring back the gold standard? What would be the benefits of making money a public utility?
- What have we learned from the last century of private central reserve banking in the U.S., and how can we transform our banking system to create more abundant and broadly shared wealth?
- Should corporations have the rights of people without the responsibilities and accountability?
- Do economic ideologies tend to merely justify the existing economic order to the masses?
- What are CAFRs, and do they, as some suggest, represent potentially trillions of dollars in untapped wealth that is being kept from public awareness, and public use?
- What is the history of debt and interest? How did periodic jubilees of debt forgiveness play a role in social renewal and society's evolution? What do we have to learn from this monetary history?
- Why was Jesus so enraged by the money-changers of his day? Are there teachings about money and wealth from Jesus, the Bible, and other sacred texts that can inform our own society today?
- What are other strategies to bring credit and capital to Main Street besides public banks, and how can we take advantage of them?
- Do digital currencies like Bitcoin offer opportunities to create real wealth and sustainable prosperity?
- The Occupy movement drew unprecedented attention to the massive gap in wealth between the 99% and the 1% in our society. Is this wealth disparity in effect designed into and demanded by our current monetary and banking system?
- In the Basque region of Spain is the Mondragon region which features a very sophisticated system of worker cooperatives, partnership banks, and trade schools that represent a vibrant model of sustained prosperity. Neither capitalist or socialist, what can we learn from this model today?
New Economy Academy courses are available to PBI Members, along with regular 'Cutting Edge Conversations' with new economy pioneers.