Author
The author is Self taught & thought intellectual academic, in out of the box macroeconomic policy, since 1984-85. His website is www.omdic.biz
The introduction of PODS CBDC could be a transformative step in this direction, offering a bold solution to the economic challenges facing the nation, writes the author
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The idea that spending should be equal to taxes is what MMT opposes. In fact, it says that the budget should reflect the economic conditions injecting or removing money from the economy to properly manage inflation and unemployment.
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The annual budget should increase supply each year by starting with the previous year's supply, adding to it in the following year, and so on, until we reach saturation for at least the group of goods, services, and agros that correspond to natural needs
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In a single good economy with a price of $1, let us assume that $1000 is issued in digital currency as an interest-free loan to a producer to produce 1000 units of a good (since the price equals $1)
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These plastic pipelines will drain areas of excess water to areas of less water and the INWPG will be managed by independent mainframe computers as well as dedicated satellites.
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All equity can be converted to debt by issuing deposits in Banks which will earn 10% p.a. tax free interest, but these monies can be used digitally only, and cannot be used for speculative purposes.
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Due to the Black (Unaccounted un taxed Cash) Money Economy that runs parallel in India; and without getting into whether the “white” economy is bigger or the “black” economy is bigger (In a Planned & Organized Deficit Spending (PODS) economy these 2 economies would be the same.
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The government should also increase its efforts in providing an agro-produce logistics department which directs produce from the farmer straight to the actual consumer where both enjoy higher & lower prices respectively, besides good quality.
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By looking into a futuristic PODS economy and extrapolating using what we have learned until now, it is safe to assume that the economy evolves & produces the following “BENEPOLIES” (instead of MONOPOLIES):
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A Self Reliant India can be easily established. However, the following issues have to be addressed
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