Direct underwriting of government bonds with zero interest rate and no redemption period. Gov will use the funds raised to carry out national projects. ・・・Gov bond is redeemed only when inflation rate exceeds the set upper limit. For expansion of industry and economy, state will carry out projects that private industries do not. Economy expands by that size. Circulate currency to society according to the scale of economy. With the right funding, NASA projects, for example, will revolutionize everything in the world. Let me explain. Industrial production is value-added production. Value-added is creation of monetary value from zero. Currency must be provided to there. Purchasing decide value-added of product. So, Executing national project always produce value-added. If product is not used, it's consumption. Pyramid construction, for example, is huge consumption. Supported ancient Egyptian economy. When value-added production ceases, currency of that scale need recovery to central
No.309 Suggestions for overcoming the current recession. ・・・First, the conclusion. Government creates new industries. Central bank print the money and pay it as is.
Suggestions for overcoming the current recession. part 1 ・・・First, the conclusion. Government creates new industries. Central bank print the money and pay it as is. Economists have blind spot. I will explain later. When a new industry is born, new demand is created for new products. Demand for goods in existing industries remains unchanged. This new industry should be done by government. Countermeasures for corona pandemics and space development are government tasks. Specifically, it is order to private company, but it is inappropriate to pay price by tax or debt. Inappropriate for this to sell gov bonds to Property owner. It is appropriate that central bank print money and give it to gov, gov then pays for it. Industrial production is creation of monetary value from scratch. Money needs to be printed for amount of monetary value created. Central bank prints money for added value produced and gives it to producer. No problem unless hyperinflation occurs. Government consumption caus