Economics for Peace and Justice
An immediate danger, the danger of nuclear holocaust, can be met with an efficacious solution, a grand design. President Biden, it is suggested, can offer the end of the dollar hegemony, a great desire of President Putin, for an end to the war in Ukraine. This bargain can be constructed out of the monetary policy that results from a New Neoclassical Synthesis extended to the creation of the Bancor International Order (BIO). Any nation that follows Three Rules for the creation and distribution of money, three rules of economic justice, can be certified by the IMF to become a member of BIO, provided it ceases any belligerent action.
Illustration 1. Nuclear Armageddon.
Image by Pete Linforth from Pixabay