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    Hacking The American Economy: Optimizing America Booklets, #1
    Hacking The American Economy: Optimizing America Booklets, #1
    Hacking The American Economy: Optimizing America Booklets, #1
    Ebook77 pages1 hour

    Hacking The American Economy: Optimizing America Booklets, #1

    By Jarl Jensen

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    About this ebook

    What is wrong with our economy, Why Does It Matter And What we need to change?

    Is the mounting debt going to mean doom and gloom for future generations? What, exactly, does the economy have to do with our problems anyway? Economics is not only for academics and Wall Street. If you're curious about how the economy is dysfunctional and want to learn about the solutions, this book will guide you through the essentials, laying out the basic concepts and issues causing most of the worlds problems, from automation and poverty to inequality and debt, and more.

    Packed with eye-opening information, key concepts, and need-to-know terms, this easy-to-read primer lets you explore solutions to economic problems at your own pace. Get a straightforward overview of the economy that's stripped of overwhelming jargon, so you can gain a deeper understanding of what the world needs write now as it applies to everyday life. You'll review important background on economic solutions—from demand-side theories to the main obstacles holding demand back—so you can develop your own conclusions.

    Hacking the American Economy features:

    An overview of monetary policy and how it operates
    A review of broad themes—like taxes, inequality, and jobs—as they apply to everyday life
    Explorations of business and what makes them hire
    Useful solutions and real-world stories that help you be informed to solve the worlds problems and your own

    LanguageEnglish
    PublisherJarl Jensen
    Release dateJun 1, 2021
    ISBN9781981040247
    Hacking The American Economy: Optimizing America Booklets, #1

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      Book preview

      Hacking The American Economy - Jarl Jensen

      Contents

      Hacking The American Economy

      BY Jarl Jensen

      ––––––––

      How to Optimize the American Economy

      How to Engineer the American Economy to Improve Standard of Living

      How the American Economy is Spending Resources to Optimize Robots Instead of People’s Lives

      The Hidden Danger of Workforce Automation

      Income Inequality outside the box

      How to Engineer Nearly 100% Employment

      How To Engineer the Government Out of Debt....  The Debt Solution

      How to Hack the American Economy

      Conclusions on Hacking the Economy

      OPTIMIZING AMERICA

      Prologue  Jackson Hole

      Chapter 1 How the Game Is Rigged

      The Parable of the Lifeboat: Part 1 of 2

      How to Optimize the American Economy

      There are a number of ways to optimize the American economy and improve the standard of living. As with any system, optimization comes from changing the inputs to produce better outputs. Changing the inputs into the American economy can only happen once we understand the issues with our current system. The biggest issue today is that the Federal Reserve is forced to play a minimal role because it’s in the best interest of the bankers. Redesigning the Federal Reserve and using optimization techniques is the best way to engineer the system to work for all, not just the bankers.

      Federal Reserve and the Banking Class

      The Federal Reserve System was set up in 1913 to act as the central financial body regulating the economy. Duties of the Federal Reserve have always been to set moderate interest rates, create jobs, and stabilize prices. Since the housing crisis of 2007, the Feds have paid more attention to regulating banks, but nothing concrete has come of it. This should come as no surprise, given the Feds have always worked in tandem with the big banks.

      Lending is at the basis of our current economic system. The Federal Reserve wants to keep the interest rates low so that more people borrow money (thus also keeping the banks happy). However, eventually the low interest rate creates inflation as wages start to increase. This is where we find ourselves today and the Federal Reserve has no choice but to raise interest rates which will hurt the poor people who are finally seeing their income go up. The wealthy people who borrow money can just choose to not borrow money.

      The first thing to do is expand the purview of the Federal Reserve. There are so many areas of monetary policy they are not regulating because of influence from the banking class. One important area of regulation is lending practiced by banks. The Fed requires banks to hold 10% of their deposits on site each night, but the rest of it they can lend out. It was this practice of lending high-risk credit that led to the housing crisis when thousands of hard-working Americans lost their jobs. The lending practices of banks must be curtailed to avoid another meltdown.

      Other Approaches to Restructuring the Economy

      There is far more to be done than just changing the Federal Reserve monetary policy. We have the ability to make small, incremental changes to our economy to engineer the structure of credit, supply, and demand, but that has never been done. Just like Henry Ford, who spent years making incremental changes to his first engine model, the American people need to fight for design optimization of our economy.

      The economy can be made incrementally better by challenging it to supply more goods and services without causing inflation. This can be done by having the Federal Reserve provide liquidity directly to people. People would demand more goods and services which would allow the Federal Reserve to raise interest rates without hurting the economy. Today the Federal Reserve is raising interest rates for the very purpose of curtailing the wage gains made by hard-working people. A better way is now possible that puts people’s jobs and wages ahead of low cost financial products.

      Restructuring is Done Incrementally

      Our economists should take a lesson from Henry Ford and introduce new input variables into our economy that do more than just re-assert the status quo. We know the status quo is creating income gaps and expanding inequality, and we have the ability to change that through design optimization techniques. With 250,000 dying every year from starvation and poverty in the United States alone, something must be done now. Technology is so advanced that we cannot say in good faith that it is the fault of the invisible hand of the markets.

      How to Engineer the American Economy to Improve Standard of Living

      Popular laissez-faire economic theory holds that minimal government intervention in all aspects of the economy will produce the most impressive outcomes. It has been the most popular economic theory in use in America for most of the past hundred years, but given where we are today (with huge national debt and slow growth) it appears something has to change. But what can we do to improve standard of living?

      The Economy Does Not Exist in a Vacuum

      In the first place, we must remember the economy does not exist in a vacuum. What ties us all together in a national (and global) economic structure is the fact that we all buy, sell, invest, and save in similar ways. The job of an economist is to look closely at the production,

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