Economic Proverbs for a sustainable future
- Only lend money if you have it to lend.
- Only create new money once it is backed by an asset
- Reward people for consuming less
- Require Rewards to be invested to create new resources
- Measure economic success by the productive assets we possess
These proverbs contrast with the way the world’s economic system is currently organised
- Lend money you do not have
- Create new money on a promise that you will get back more than you create
- Only give resources to those who have resources
- Reward the profligate by how much they consume
- Measure economic success by how much is consumedÂ