No.310 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.

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 bank. Redeem gov bond only when inflation rate exceeds upper limit.


Inappropriate to use taxes for this national project. Private industry shrink as much scale as the project.  Says macroeconomics. Same is that asset owners purchase gov bonds.




From viewpoint of overcoming corona recession, proposal of human migration project to universe.・・・Possibility of most huge economic expansion is expected.



I told that national project will expand scale of economy. Industrial production is value-added production. Value-added production is creation of monetary value from zero. Currency must be supplied to where monetary value created. Central bank may issue new currency and deliver it to producer.


One problem. If some value-added production come to not be done, Recovering currency will need.If not, hyperinflation will occur.

I propose no-maturity gov bonds with zero interest rate. Only central bank is allowed to buy this gov bond. Central bank requires gov to redeem gov bonds only if inflation rate exceeds set ceiling.



Executing national project always produce value-added.

Each NASA project will be new industry. Setting good final goal will generate most plenty of projects.

"Somewhere in the vast universe, some of descendants of humanity will continue to survive." NASA will have set this. 

But, for limit of budget, they will give up envision project.

So I suggest this funding method. Even research on warp navigation or black hole engines will also value-added production. 




National project. Reason why appropriate for central bank to buy gov bonds directly.



Using taxes for national projects is inappropriate. Squeezes the performance of private industry. Basis of macroeconomics. It is same that asset owners buy gov bonds. 


Industrial production is value-added production. Creating monetary value from zero. When value-added production is realized, currency must be supplied to it.

Purchase of product decide establish of value-added production. If product is useless, it is consumption. Pyramid construction is a huge consumption. Supported ancient Egyptian economy.

When a national project is executed, value-added production is established.Central bank issues new currency and donates this currency to the government.Gov pays this currency to contractor for the project. That's OK.

If  Keynes's policy of direct underwriting of gov bonds by  central bank is creating new industry, debt repayment is no need.Zero interest gov bonds purchased only by central bank.

 New currency issuance is necessary for creating new industry.


Infectious disease control, climate change control, creation of new industries expand economy. New industry employ new people. Their consumption expands GDP. They buy goods of existing industries.




Proposal for crisis of aviation industry due to corona pandemic.



If individuals or businesses do not use aircraft, I suggest government use aircraft.

Production at industry is value-added production. Creating monetary value from scratch. Currencies must be supplied by the scale of the added value produced. This currency doesn't need to be borrowed from other. It can be issued by central bank and delivered to value-added producers.


In ancient Roman Empire, powerful gold mines supported Roman economy. Probably, the mined gold was used to make gold coins, and Roman gov was shopping with the gold coins. Even if industry has a strong production capacity, if no one buys product, industry will not produce. So, Roman gov was busy buying using gold coins. Roman economy flourished.

For aircraft, transporting is value-added production. Value-added production is when gov does projects that private sector does not do.

For economy, important is that pay money and purchase goods. No matter if used or discarded after purchased.

If no gold mines, central bank issue currency. Or if find a trillion dollars when dug garden, no problem to use that money. Gov should charter and fly airliners. Gov make central bank issue currency  and pay them to pilots and staff.


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No.309  Suggestions for overcoming the current recession. 

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No.311 Gov bond with zero interest. Allow only central bank to buy. Gov execute new projects using this funds. This bond redeemed only when inflation rate exceeds upper limit. Solve problem. Please judge.

No.308 Potential in India. ・・・“God prepared India for the crisis of the world.” Some Christians may think so.