If so, the metal-air systems have a major advantage on the discharging side of things by avoiding the need of a fuel cell and being able to harvest electrons directly via galvanic current.
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petrocrat.at.hn
If so, the metal-air systems have a major advantage on the discharging side of things by avoiding the need of a fuel cell and being able to harvest electrons directly via galvanic current.
For payment systems: also easy... everyone has an account at the Federal Reserve offered free as a public service (but with no overdraught or lending services). Payments are processed via SWIFT/ACH for the banks right now and that service should be opened up to all Americans without a bank or Card Services intermediary.
The progressive left has advocated for things like this for decades. Now it is affecting the right, but it's hard to have sympathy as they have been corporate sycophants for decades.
Merely having a different purchase value from maturity value is not enough to qualify a bond purchase as borrowing either, because Bond issuing is not restricted by any economic opportunity cost. The amount of Bonds issued is an simply edict by Congress, when it passes a Budget resolution.
>market misbehaving is punished by the market through the consumer.
Can you explain how the consumer punishes private sector entities engaged in human trafficking, for example? It seems there's plenty of evidence that deception and cutting corners is the most market competitive behavior that corporations can employ which allows them to offer the most appealing prices. Therefore market misbehavior is rewarded, not punished by consumers because the price signal is too reductionist to capture all of that.
>And the history agrees with me.
That is debate-able
We can elect legislators who are opposed to abuses like Guantanamo Bay and campaign on fixing it.
What can we or the private sector do about abuses in the private sector?
First of all, You seem to be confused because you are mistaking what happens in Russia, Venezuela and China for actual elections. Whatever happens in those places is certainly not what I meant by the term "elections."
Second, You point to "three" (or are those 3 things really the same thing?) successes in competition, each of which were aided by investment authorized by elected legislators. Then you point to one failure of elections and proceed to conclude that competition is the better of the two. It doesn't follow, I'm afraid.
As for Trump, yes, that was the elections mechanism failing. I never said it was perfect. But the Market competition mechanism fails more often, in my estimation. Neither is perfect, but competition seems to create much higher probability for imperfection, abuse, flaws, and suffering.
Can you go into more detail on how that could be for me? If the EMH is untrue, then there must be some other mechanism besides competition that checks the private sector, no? What would that be?
I'm implicitly lumping "regulation" as part of the Elections mechanism, btw, so I'm assuming you didn't mean regulation as the mechanism.
Modern economics research shows that the efficient markets hypothesis is not true and definitely requires government regulation to operate in the way that Chicago School econ describes it. So that leaves Elections as the better balance mechanism by default.
Isn't it apparent, though, that this type of leverage is inevitable in any societal structure? Some party will have a level of power where it can coerce many others to basically do their bidding at threat of witholding some essential sustenance. In the private sector, witholding employment means poverty and the resulting wretched consequences to health and status.
The proposition that government should be the only one with that leverage is the lesser of many evils, because at least there is electoral recourse against a government that abuses it.
This is opposed to leaving that leverage with the private sector, where there is no recourse, other that not participating, which is exactly their leverage in the first place, as you will be left with no income and in poverty.
I am starting to think that ultimately, though, the answer is one that no one particularly wants to admit because it boils down to two unpalatable options, one distributed and unregulated; the other centralized and regulated.
1) Unregulated: No one is the arbiter of truth, in which case a haphazard group of marketers, propagandists and psyops peddlers reign supreme. This eventually/inevitably consolidates into an organized propaganda outlet.
2) Regulated: A group is selected based on some credential or merit and you end up with essentially a Technocracy. More or less what the "Elites" boogeyman is. If the Technocracy is staffed by scientists and engineers, then it might be the best possibility available. But this also eventually consolidates and leads to an erosion of the eligibility credentials and then non-expert people will gain positions within it for ulterior motives.
If the technocratic group is limited in scope of what "truths" it can decide on, then that is potentially a reasonable compromise.
The mainstream econ record is lately not one to be boasting about.
>The major proponents are politicians.
Incorrect, You'll find the major proponents are academics at University of Kansas City Missouri, The Levy Institute and Bard College in NY.
It's only debt in the sense that it eventually refluxes back to the issuer (the US Gov) after a substantial dwell time in the private sector, which is where it serves its actual purpose: to be the unit of account and denomination which private commercial transactions are settled in.
The US Gov is never at risk of being insolvent or defaulting on the thing that it alone can issue. Read more about MMT economics if you're curious.