Showing posts with label David Korton. Show all posts
Showing posts with label David Korton. Show all posts

Wednesday, June 1, 2011

David Korten - "10 Common Sense Principles for a New Economy"

Principle 6:

Money, which is easily created with a simple accounting entry, should never be the deciding constraint in making public resource allocation decisions. This is particularly obvious in the case of economic recessions or depressions, which occur when money fails to flow to where it is needed to put people to work producing essential goods and services. If money is the only lack, then make the accounting entry and get on with it.


(h/t Clonal)