In the Name of Progress: An Alternative Economic Model

This novel contains a possible adjustment to fractional reserve banking and other structural modifications that society should consider to achieve maximum benefit from our ever-on-going forward progression. It seems naive to believe our societal structures have reached maximum potential. The concept first came to me in early 2012. I wrote this book as discovery writing in 2018 to develop my concept, and in return, I was left with an economic model for society, that I call a needs-based money supply system. I have written largely from self-study, and am in no way an expert in some of the subject matter, but I do have formal education in accounting and finance. Also, minor formal education in philosophy and history. Many will likely and reasonably be concerned with hyperinflation when they hear of such a needs-based money supply model, but I have included safeguards and contingency plans for inflation. This model could not have been conceptualized before the advent of information networks and information systems, so I have them to thank. I also speak about the education model that we have in place. Something I have become well familiar with in my six+ years of post-secondary education. I praise education but offer some suggestions that likely will yield significant results from natural evolution. The ideas in the book have not been done and would set a new precedent around the world if ever implemented. Being organized as a business plan with precise adjustments, this book attempts to offer practical steps to the unification of the human race by trying to reach the root of human conflict. Separation is a detriment to progress, but our current societal structures largely incentivize divide. We are so fascinated by engineering's mechanical gadgets, that we neglect to focus on social technologies and paradigms that are established, when, in fact, these social technologies are likely to provide beneficial improvements in every aspect of our society including science and mechanized technology.