economic policy Archives – Center for the Advancement of the Steady State Economy

Introducing the Sustainable Taxes Act

March 20, 2025/5 Comments/in Economic Policy, Inequality, Money and Investments, Politics, Steady State Economy, Steady State Herald, Sustainability, Wealth /by Alix Underwood

by David Shreve

In a world where GDP exceeds our planet’s biocapacity, we badly need new economic policy. In particular, we need to halt the process of unsustainable growth and move toward a steady state economy. The critical question is how to do this while ensuring sufficient economic opportunities, employment, and income for all.

Technological changes are insufficient, despite holding some promise. Neither the agricultural “Green Revolution” nor energy use efficiencies have markedly changed the ongoing overshoot.

Introducing the Sustainable Budgets Act (Steady-State Style)

March 5, 2025/5 Comments/in Brian Czech, Democracy, Economic Policy, Governance, Money and Investments, Politics, Steady State Economy, Steady State Herald, Sustainability /by Alix Underwood

by Brian Czech

Let’s forget about the Department of Government Efficiency (DOGE) and its questionably qualified quant for a moment. Regardless of their recklessness, getting to a sustainable budget is long overdue. Deficit spending adds to the public debt, a threat to the solvency of the United States. That’s why steady staters have long advocated for balanced budgets.

Furthermore, more spending requires a heavier ecological footprint.

The Economic Priority of the Seven Wealthiest Countries: More Wealth

November 14, 2024/5 Comments/in Alix Underwood, Consumption, Economic Growth, Economic Policy, GDP, Governance, Inequality, Politics, Steady State Economy, Steady State Herald, Wealth /by Alix Underwood

by Alix Underwood

Almost half of humanity lives below $6.85 per day. This population does not consume goods and services at a rate exceeding Earth’s capacity. Yet here we sit, on the wrong side of six of the nine planetary boundaries identified by the Stockholm Resilience Centre.

How did we get here? Via the economic activity of the other half of humanity. The planet, and all its inhabitants,

Labor Day Reflections: Growth Doesn’t Solve Inequality

September 10, 2021/6 Comments/in Consumption, Economic Growth, Economic Policy, Governance, Jobs and Employment, Monetary Policy, Politics, Steady State Economy, Steady State Herald /by Brian Czech

by Taylor Lange

Labor Day, like other holidays of remembrance, is an opportunity to reflect on the past and critically consider the future. Our memory ought to include the foot soldiers of the labor movement, from the 10,000 coal miners who fought in the Battle of Blair Mountain to the steel workers who duked it out with the Pinkertons at Homestead mill. We owe our rights as workers to the bitter struggles of many who preceded us.

What is Wrong with a Zero Interest Rate?

September 16, 2015/6 Comments/in Corporate Reform, Economic Policy, Governance, Inflation, Monetary Policy, Money and Investments, The Daly News /by Brian Czech

by Herman Daly

The stock market took a dip, so the Fed will likely continue to keep the interest rate at zero, in conformity with its goal of supporting asset prices by quantitative easing. What is wrong with a zero interest rate? Doesn’t it boost investment, growth, and employment?

There are many things wrong with a zero interest rate. Remember that the interest rate is a price paid to savers by borrowing investors.