Hello to all,
Born in 1953, I am a member of the only generation on Earth that was fortunate enough to experience a continuous period of economic prosperity that lasted for the two and a half decades between 1945 and 1970. During this time all boats were rising together, unemployment and inflation were negligible, interest rates were low and the future seemed bright for all. Governments played an active role in wealth distribution and market forces were held in check by a shared respect for a common good. Although major government programs like Old Age Security, Medicare and numerous welfare and disability programs were initiated, increases in taxation rates and the general cost of living were moderate. Total government debt (not deficits) remained insignificant as a percentage of GDP despite the government’s active participation in the economy.
This period surely was an anomaly in the history of the world. Never before had a whole generation experienced such a dramatic improvement in the quality of life on this planet. New machines and gadgets, radios and televisions, and superbly designed automobiles flooded the market. Massive public infrastructure projects were initiated …highways, bridges, airports, schools and hospitals were built. Public utilities, museums, parks and the CBC were developed. No shortage of money limited what society could achieve and most people were content, optimistic and friendly.
So what happened? Why now is there so little money to sustain the public good? Why did our government choose to go into debt? Why today must we worry about both inflation and unemployment? And why does it seem like our government is the last group we can count on to be concerned about protecting the public good?
I started asking these questions about twenty years ago and I would like to share with you on MonetaryReform.com what I have learned so far. Although I majored in economics at university I am not an economist. Nor am I a communist or an anti-Semite. I sincerely hope that my writing style makes it obvious to you that I am just an ordinary guy who's willing to share his two cents worth to make a difference in the world around him.