Re-thinking the purpose of money/credit/debt. Egypt`s New Suez Canal is a beautiful example of what can be achieved when governments apply a national credit system. Hussein Askary of the Schiller Institute explains:
Source: LaRouchePAC Live
Developing Egypt: Monetarism vs National Credit – the New Paradigm
This week’s show features the participation of Hussein Askary, an organizer for economic development in the world, with a focus on the Middle East. Askary, a long-time associate of Lyndon LaRouche, discusses the successes and challenges facing Egypt, as a case study for the dueling economic paradigms of the present. Development cannot occur within a monetarist straitjacket, but requires the credit approach of the Lyndon LaRouche–Alexander Hamilton “Four Laws.”
For more on the Four Laws, see: http://lpac.co/four-laws
Hussein Askary’s proposal for Egyptian economic independence: http://www.larouchepub.com/other/2013…
Alexander Hamilton’s four reports to the Congress: https://larouchepac.com/20161013/alex…