Thankfully, the Kansas City school of economists are challenging the failed orthodoxy. The change represents a paradigm shift in thinking and places the center of analysis on the accounting behind monetary operations. Just as every asset has a liability, the issuer's debt is dollar for dollar equal to the currency users' savings. If mainstream economists don't recognize their mistakes the "dismal science" will continue to cause collateral damage to the US economy and the American public. Click here for a simple explanation of what most academics fail to grasp.
I am raising funds on Kickstarter to raise awareness of the Kansas City school of economic thought. The deliverable will be a prototype website using my "issuer-user" paradigm to provide explanations and diagrams to the non-technical reader. The prototype will in turn be used to raise additional money from philanthropies and foundations to fund a larger interactive website.
Why funding for a prototype?
Developing the content for this subject matter is a time consuming process. Monetary policy, capital flows, exchange rates, current account deficits put most people to sleep. Economists talk in a language of equations and terminology that have no meaning to the average person. The challenge is to pound this enormous subject into something that the rest of us can understand. Crafting a message without jargon and clutter takes a lot of time, iteration, refinement, and feedback from others.
If everything is political how can we avoid politics? Paradigms describes how things work - the conditions, operations, and effects. Understanding how things work leads to options and different outcomes. Policy choice is political. My objective is not to make policy recommendations but rather apply basic accounting principles to explore policy options and their outcomes. One of the primary problems with politics today, among other things, is that the economic policy advisors don't remotely grasp how the system actually "works" operationally.
Why support this project?
Who am I
Thankfully I’m not a college educated economist. I’m an engineer by training, a marketer by profession, and an avid reader with a passion for economics. I love all things related to business, technology, productivity, transparency....and of course Austin Texas.
I am also a long-time contributor to the Institute for Affordable Transportation. The public charity is devoted to improving the lives of the world's poor by providing simple, low-cost vehicles to aid development in rural Africa and Latin America. My brother founded the organization about a decade ago and now has more than 150 vehicles operating in 23 countries. I've managed their online presence pro-bono for over 10 years and proud to be associated with their success. Please consider a donation to help support a grass roots organization that is working to make the world a better place.