Microeconomics and personal finance will not be discussed here. Microeconomics is the stud}’ of businesses making sales, operations, and profits. This book is about macroeconomics which is the other branch of the economic discipline that studies the overall condition and behavior of a country’s economy. The size of the macroeconomic pie is unlimited.

The age of scarcity is over, because the current capacity and productivity of the private sector can grow and produce all the goods and services that everyone needs as long we use proper resource conservation. We just can’t produce and distribute it properly! The elimination of scarcity is fully proven in Peter Diamadis’s and Steven Kolter’s Abundance.

However, we need to understand the ingredients that allow the pie to exist and how those ingredients make the current conflicts important to the global picture. I will describe the solutions in U.S. terms, but they apply to the global economy.

Let me state this loud and clear: the macroeconomic systems of the world are in need of change! The proper macroeconomic philosophy will free the politicians from fighting about philosophy, and it will allow them to argue and compromise over the specifics of implementation. The debate between the 19* Century Laissez-faire Libertarian economics and the 20 th Century Keynesian Economics has gone on long enough! Both are not complete enough to create a 21st Century Win-Win Economy. I will take the most successful parts from each philosophy and add to them the proper money creation and distribution systems.

The political economic debate that continually splits our country and our leaders is a vicious cycle that can be stopped. Arguments over tax and spend (fiscal policy), and the so-called national debt are not the answer to our economic problems. Fiscal policy was not the cause of the “Great Recession,” “Great Depression,” or any other economic downturn; therefore, it cannot be the solution! What is the solution? I have one.

This book is not an exhaustive description and defense of capitalism. There are plenty of economists who have expounded on this subject. Instead, I will define Capitalism and provide the structures to reduce its major flaws. The solutions will not be about zero or limited government, but the “right” government. One of my goals is to educate our leaders and to empower the government to be a more efficient partner so we can accomplish the necessary programs to insure our future. My answers will be based on imperfect human operations, not on nonexistent human perfections.

This is not a proposal to solve all the problems of mankind, just the economic ones. The book is not a proposal for some creation of Utopia or what I call “La-La Land”. These are solutions that I believe we should and can do now, not in the next century. This book only covers and defends with economic reasoning and history—not on moral, fairness, political, community or social justice. These are valid points, but should not be used until an economic defense is presented.

In my many talks and articles over the decades, I am either labeled a “righty” by the left or a “lefty” bv the right. This means that I probably have it just right. This is why I have two separate titles for my same speech. For the right, it is labeled “Saving Capitalism” and for the left it is called “Progressive Economics”. The solutions that I propose are nonpartisan; they are purely based on economic logic and reasoning. So keep an open mind!

This is a solutions book written for the average citizen, but should be read by academics. In order for the book to be of reasonable length, it is not a typical academic book. It is not written in what I call “Econospeak”. I will try to keep the language easy to understand, and I will also provide a glossary. There will be mainly answers provided, with a limited amount of descriptive history, examples, footnotes, and statistics. I will refer to books and websites for you to read as a way of providing additional evidence, validation, economic reasoning and examples. Unfortunately, we cannot discuss every economic problem in detail; however, a general macroeconomic roadmap for decision making and basic solutions are provided within.

There are six sections in this book; the first four sections are based on the four major flaws of capitalism. I will provide specific solutions to overcome the negative effects of each flaw. The most important of all the flaws is the fallacy that money is scarce, which we will discuss in the first section. In the second section, we will discuss the conflict between microeconomics and macroeconomics, which results in not creating enough customers. In the third section, we will cover insufficient competition.

The fourth section will cover long-range profits versus short-term profits. These four major flaw’s are all interconnected; they are organized in order of importance. The fifth section covers short messages on an array of macroeconomic topics including trade, taxes, environment, healthcare, education, usury, and regulations. In the last section you will find a summary of recommendations that has to be debated and implemented.

In the gradual implementation of these recommendations to reduce the major flaw’s of capitalism, we will create winners in our country and around the globe. There are answers to solve our problems, but we have difficulty implementing them, mainly because we lack the proper macroeconomic philosophy. The following paragraphs are a description of the results of implementing the win-win recommendations.

The populace will have their basic living requirements and education met with reasonable work and opportunities to advance and to grow as individuals. Just think of the morality of it! This will prepare them for the evolutionary “Robotic Age”. With more money and personal time, it will unlock the human potential of a great number of our very talented people to solve our problems. The global stability this brings wall reduce the many conflicts we have around the world.

Large and small businesses will have substantially more sales from the increase in the number of affluent customers, clients, consumers and citizens. Businesses wall have more profits as a result of the lower cost of labor, and a lack of pressure to raise wages. Businesses wall provide more innovation with less regulation. The substantial increase in personal time wall rapidly expand industries such as entertainment, education, travel, sports, charity, arts, and wellness. These industries wall usher in the “Personal Growth Age”.

Commercial banks wall be winners by not having an unsustainable system that periodically collapses or has severe writedowns. They will have substantial profits from their continued banking business as well as the operations of the many new distribution systems of new money. They will have an abundance of deposits as they replace treasuries because these are federally insured deposits. The private investment banks and financial advisors will have more money to manage and the financial service industry will boom.

Our environment will start to improve as the elimination of scarce money is used to convert the source of energy from fossil fuels to alternatives and provide funds for prevention and clean up, especially in our rivers and oceans. Infrastructure repair will accelerate. It will allow the implementation of the five Rs: Reuse, Repair, Renewables, Regeneration and Recycling. Other funds will be used to provide research and development to cure cancer, malaria and other diseases. New exploration will then proceed in our oceans and space.

These solutions are neither socialistic nor utopian. There will always be human disparity’, differences and conflicts. We will still fight over operational decisions but the basic macroeconomic philosophy will be established!