Climate scientists have determined that we must act now to prevent an irreversible and catastrophic climatic tipping point, beyond which neither our own nor many other species can be assumed likely to survive. On the way to that bleak ending, moreover, extreme socioeconomic injustice and associated political breakdown—now well underway in nations already hardhit by environmental crisis—can be expected to hasten as well. The time has thus come to plan carefully, thoroughly, and on a scale commensurate with the crisis we face. This book, written by one of the key architects of the Green New Deal and prefaced by Representative Alexandria OcasioCortez's former Chief of Staff, indicates how to structure Green New Deal finance in a manner that advances the crosscutting goals of maximum financial and economic inclusion, maximally democratic decisionmaking, and an appropriate division of roles both among all levels of government and among public and private sector decisionmakers. Integrating into one complete and coherent financial architecture such bold ideas as a 'People's Fed,' an interdepartmental National Investment Council, integrated state and regional public banks, a Democratic Digital Dollar and digital Taxpayer Savings and Transaction Accounts made part of the monetary policy transmission belt, and an economywide Price Stabilization Fund, this book is critical reading for policymakers and citizens looking for a fresh path forward towards a revived and sustainable, progressive and productive America.
Climate scientists have determined that we must act now to prevent an irreversible and catastrophic climatic tipping point, beyond which neither our own nor many other species can be assumed likely to survive. On the way to that bleak ending, moreover, extreme socioeconomic injustice and associated political breakdown—now well underway in nations already hardhit by environmental crisis—can be expected to hasten as well. The time has thus come to plan carefully, thoroughly, and on a scale commensurate with the crisis we face. This book, written by one of the key architects of the Green New Deal and prefaced by Representative Alexandria OcasioCortez's former Chief of Staff, indicates how to structure Green New Deal finance in a manner that advances the crosscutting goals of maximum financial and economic inclusion, maximally democratic decisionmaking, and an appropriate division of roles both among all levels of government and among public and private sector decisionmakers. Integrating into one complete and coherent financial architecture such bold ideas as a 'People's Fed,' an interdepartmental National Investment Council, integrated state and regional public banks, a Democratic Digital Dollar and digital Taxpayer Savings and Transaction Accounts made part of the monetary policy transmission belt, and an economywide Price Stabilization Fund, this book is critical reading for policymakers and citizens looking for a fresh path forward towards a revived and sustainable, progressive and productive America.
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