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A Bailout for You and Me

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     When the chits arrive back in the nation of origin they do not go to the national treasury. They go to the nation's suppliers of peacetime goods and services, thence cashed in at the treasury, thus enhancing productivity and employment in the original nation of chit origin. Everyone works. 

 

      Each Developed Nation annually deposits "credit chits" with the U.N.; the money actually remains in the Developed Nation's treasury, until payout is due to the nation's industries.  There will be great advantages to all nations who make payments into this program, and considerable disadvantages to those who can, but do not.  The more chits deposited, the greater economic value accrues to the depositor; it should be obvious.

 

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Raymond G. Wilson is an emeritus associate professor of physics at Illinois Wesleyan University who has taught about nuclear war issues since 1959. He is co-director of the Hiroshima Panorama Project in the United States and is associated with the (more...)
 
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