In any and every case, one immediate reason why placing the economy exceedingly in the hands of Government would be unacceptable is that, contrary to the teachings of Neo-Classical Economics, and Modern Monetary Theory, it does matter how money is spent, and whether it goes to produce shoes or guns always make a difference, but in the case of increases in the money supply, especially the large ones that would likely result from application of the Trillion Dollar Platinum Coin, how it is spent greatly matters, especially in the first go-around of its endless circulation throughout the economy. The question would be then, who should be doing the first spending and the primary spending? The Government or The People? And lastly, obviously, Central Banks should continue to exist, and to exercise their traditional control over the money supply and inflation, until a superior type of institution can take their place.



Economic recovery depends on people recovering confidence in the economy; but confidence cannot be recovered until lost jobs and productivity are recovered, unemployment drops, even if inflation rises somewhat, and savings and investments rates, and financial markets and indexes, normalize, all reaching values in the vicinity of their natural pre-crisis levels, or in any case, perceived as normal in the new economy.



The Trillion Dollar Platinum Coin financial instrument promoted by Hellen Brown and others in order for the Federal Reserve to fund the Federal Government directly, in my opinion, would certainly not save the economy. The bottom line flaw in such thinking is that the availing of limitless credit or cash to Government, whether Federal or State, by the Federal Reserve, would place the economy -with all it entails- in the hands of Government to an unacceptable degree, and not nearly enough in the hands of the Private Sector, effectively impeding the role of the Federal Government as the main legitimate arbiter and protector of the entirety of society, and ending the key role of the Federal Reserve vis-à-vis the money supply and inflation. The nefarious effects of this paradigmatic shift would not be limited to the United States, but would be felt throughout the globe.



The world the baby boomer generation's grandparents knew as children has been obliterated by a century of recurring monstrous wars, concurrent with exponentially increasing revolutionary scientific and technological discoveries and inventions, and massive economic, social, political, and legal changes which for many signify development. These changes have occurred in a stark and pervasive moral and ethical vacuum, in the context of unconscionable, unsustainable, and monotonically increasing welfare disparities between the rich and the poor. The world as we know it now is at the historical fork between the threshold of recovery and the brink of a new conflagration, indeed at a very promising and very threatening tipping point, and begging for drastic global financial, economic, and social redress, which only the most comprehensive multilateral and national governance reforms that would redefine the social contracts in the East and the West, the North and the South, and between them, could satisfy. Some of the more evident issues in need of holistic attention are addressed herein.



At the crux of world peace, and planetary rescue, would be tax reform, via Sole Consumption Tax (SCT), that would enable eradication of absolute extreme poverty and relative extreme poverty, through regular income redistribution ensuring the attainment of autonomous survival with increasing welfare potential for the poorest, that would irreversibly approach that of the richest, voluntary population stabilization, voluntary production and consumption stabilization, and carbon emissions stabilization.



https://www.academia.edu/37950503/FACEBOOK_-_My_Commentary_on_the_Article_What_Is_Modern_Monetary_Theory_-_2013031902



https://www.academia.edu/37847550/FACEBOOK_-_Putting_Common_Sense_To_Work_-_2009020504



https://www.academia.edu/23946856/FACEBOOK_-_Staving_off_the_impending_effects_of_unemployment_through_increased_consumption_2013031903



https://www.academia.edu/23094646/OFA_-_At_the_Brink_of_Recovery_or_Conflagration_The_World_at_a_Tipping_Point_2011111506



https://www.academia.edu/13062837/La_Reforma_Tributaria_del_Siglo_XXI_The_XXI_Century_Tax_Reform_-_2011100411