Loginomics: A New Economic System for the 21st Century (Paperback) (ISBN-13: 9798318831195)

Reimagining America's economic framework is essential as automation and AI disrupt traditional labor markets, leading to inequality and unstable incomes. A new approach must ensure access to essentials, shift tax burdens, and support diverse contributions in a post-employment society.

Loginomics presents a compelling argument that America's economic structure, designed for a bygone era of stable jobs and rising wages, is now faltering. The pressures of an aging population, increasing interest rates, and growing inequality are exacerbated by the rise of automation and artificial intelligence, which detach economic productivity from human labor. This shift has led to the gigification of the workforce, resulting in fragmented employment and unpredictable incomes, creating a significant disconnect between individual contributions and market rewards.

The book introduces Loginomics as a transformative redesign of fiscal and monetary policies based on the real workings of sovereign money instead of simplistic household budgeting analogies. It outlines three foundational commitments: ensuring guaranteed access to essential needs, restructuring the revenue system to eliminate income tax while taxing rents and system usage, and formally recognizing creative, athletic, and scholarly endeavors as vital contributions in a future where traditional employment may be scarce.

By examining housing and healthcare as critical case studies, Loginomics frames current economic failures not as isolated incidents but as logical outcomes of a system reliant on scarcity pricing and employment-linked survival. It advocates for a rules-based economic framework that ties liquidity to genuine economic capacity, aiming to cultivate a stable and humane economy suited for an age dominated by intelligent machines. This innovative approach seeks to redefine how society values work and sustains its members in an evolving economic landscape.