MY ONTOLOGY
a model of the universe that fits on a page.
MY ONTOLOGY
a model of the universe that fits on a page.
Consumer Monetary Theory
BI
wages
R
Q
R
Q
Q
Q
labor
leisure
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In 2018, I started having conversations with people about the practical considerations behind a Universal Basic Income (UBI) and similar policy ideas. This led me to discover the work of Alex Howlett and Consumer Monetary Theory (CMT).
CMT is a framework for understanding the nature of money as a standard of value, and how tokens representing this standard grant people access to the economy's output. CMT aims to provide sound macroeconomic answers to questions that have emerged around proposals for a basic income.
CMT basics:
Consumer Monetary Theory
Alex Howlett, 2019
Basic Income &
Full Output Policy
Derek Van Gorder, 2020
Is There a Natural Rate
of Basic Income?
Alex Howlett, 2020
For more information:
Social media:
For more details, I recommend exploring Alex Howlett's reddit thread commentary on Columbia University's Money and Banking course: