CG Functional requirements for Monetary Sovereignty

2016-09-20
1) the economic system must not be dependent on economic growth, except in cases where an economic sector needs to grow because it is too small

2) we should do our best to avoid investment bubbles
 * related to zero interest self financing, Req- OMFG
 * related to debt overhang which forces growth to pay interest rates
 * related to debt in non-NZD

3) we need to reduce the gap in spending power between rich and poor4) the economic system must reward innovation and useful work
 * possibly related to public trustee- ownership
 * possibly related to welfare seeking

5) monetary flows across borders should not be so great as to interfere with a government's ability to make rules that set the direction of the economy