The democratization of the banking monetary system so as to grant the free basic income without debt crises. Alternative solutions through decentralized digital currencies.
| dc.contributor.author | Konstantinos E. Kyritsis, T. Pappas | en |
| dc.date.accessioned | 2021-10-26T06:04:49Z | |
| dc.date.available | 2021-10-26T06:04:49Z | |
| dc.identifier.uri | https://olympias.lib.uoi.gr/jspui/handle/123456789/31426 | |
| dc.identifier.uri | http://dx.doi.org/10.26268/heal.uoi.11247 | |
| dc.rights | CC0 1.0 Universal | * |
| dc.rights.uri | http://creativecommons.org/publicdomain/zero/1.0/ | * |
| dc.subject | Banking monetary system | en |
| dc.subject | Free basic income | en |
| dc.subject | Poverty | en |
| dc.subject | Debt crises | en |
| dc.subject | Alternative digital currencies. | en |
| dc.title | The democratization of the banking monetary system so as to grant the free basic income without debt crises. Alternative solutions through decentralized digital currencies. | en |
| heal.abstract | In this article we analyze the ability of the monetary-banking system, to support the free basic income that eliminates poverty without creating periodically debt-crises. We discover 5 toxic anti-democratic functions of the banking monetary system that create periodically debt crises. The free basic income is unfortunately not possible to derive from taxes only as it is a too large expense for Governments, so it has to be derived directly from currency issuing by the central bank. By democratizing top-down the monetary system not only periodically debt-crises are not created but also the free basic income can be granted. Alternatively, the poverty may be eliminated with the free basic income through bottom-up alternative decentralized non-banking digital local or global currencies. We state the necessary principles for such currencies (governmental or not) and we give 2 examples of them which are fully taxed within the old banking currencies. | en |
| heal.access | free | el |
| heal.bibliographicCitation | https://icabe.gr/conference-proceedings/ | en |
| heal.classification | ECONOMICS | |
| heal.conferenceItemType | full paper | el |
| heal.conferenceName | International Conference on Applied Business and Economics 2021 17th Edition: A DIGITAL CONFERENCE | en |
| heal.dateAvailable | 2021-10-26T06:05:49Z | |
| heal.fullTextAvailability | true | |
| heal.language | en | el |
| heal.publicationDate | 2021-11-03 | |
| heal.publisher | https://icabe.gr/ | en |
| heal.recordProvider | University of Iannina, School of Economic and Administrative Sciences, Dept of Accouning-Finance | en |
| heal.type | conferenceItem | el |
| heal.type.el | Δημοσίευση σε συνέδριο | el |
| heal.type.en | Conference presentation | en |
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