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Cause Bond-based Political Cycle Government, NGDP optimization and Budgeting

An Endogenous and Integrated Model of Cause Bond-based, Sustainability-consistent Budgeting within a Tri-partite Political Cycle Government ___ GangaPrasad Rao 1 Summary and Caveat The Nominal PV paradigm adopted globally by populist governments has brought about a polarized and inequitable society. Continued reliance on such biased paradigm is bound to exacerbate financial and environmental unsustainabilities and cause nation, even global socio-economic turmoil. This manuscript presents a holistic, goal-based, quantitatively-optimized, Real-Nominal design that attempts to elucidate FV, BV and EV non-monetary streams beyond PV operations. It offers a tri-partite Political Cycle Government built around tacit participation by the impenured Government Opposite Group, GO, in the context of a Gold-collaterallized and Gold-mediated trading in the internal SGDP-NGDP Bond market and the external Bullion-FD market. A dynamically-adjusting, quantitative, optimizing framework is presented that pe...

The 370ppm CO2 Challenge Makes a Lot of Environmental Sense

Ganga Prasad Rao Energy, Environmental and Mineral Economist gprasadrao@hotmail.com The global CC-OC economy, comprised of Private Capitalists, has adopted the competitive Nominal Open Cycle paradigm to exploit resources in the Commons, ostensibly to maximize, both, sovereign economic growth and PV Lifestyles. Multilateral competition, centered around cost-advantages, has incentivized lower-priced, externality-causing carbon-intensive fuels and related technology over sustainable CC technologies in many third-world nations. Competitive economic growth fuelled by a low-cost, externality-intensive technology has brought us to the precipice of a global environmental calamity, avoiding which requires a sacrifice of prospective growth from those with the largest economic stake - the least developed nations. In this context, whereas the Kyoto agreement focused on curtailing emissions from the developed group of nations, the focus of the Paris convention is on eliciting voluntary reductions i...

A Finance-Based, GO-Alternative to Resolution of Nominal SESH Externalities

A Finance-Based, GO-Alternative to Resolution of Nominal SESH Externalities GangaPrasad Rao gprasadrao@hotmail.com It's in the papers - the Chennai edition of The Hindu, that is. Cooum river, a flood channel in the incessant ‘winter rains’, but otherwise an open conduit for untreated sewage that drains through garbage dumps on its banks, is back in news…. Surprise, surprise, for the same reason again! Flowing through the unorganized suburbs that provide refuge to the working class employed in cities, and which host the low-value added, downstream ancillary industries, the river has largely lost its ecological and social significance, and serves as a local environmental sink - a garbage channel that is more useful to the economy in its role of channeling slush money to nominal politicians and abetting contractors. The Cooum is but one example of the social and environmental externalities engendered by the Nominal economic paradigm. You may wonder what factors cause such degradation ...

One Small Step.....

One Small Step….. GangaPrasad Rao gangaprasadmeal@gmail.com Paris is behind us, and all is well with the world!....... But seriously, and unless a global technology cartel, possessing a zero-emissions, near zero- marginal cost, closed-cycle nuclear technology is blackmailing the peoples of various nations (Wish the bourses could bet on such bizarre possibilities !), our global Commons, our lives, and those of future generations, are at significant risk - 150 heads of state notwithstanding. Carbon permits are the academically-recommended instrument to inventory, contain and shrink CO2 emissions back to climate sustainability. But in the decades since it was first suggested, buying permits has been entirely the onus of the industry that consumes energy to produce private household goods, intermediate goods, as well as public goods and services. The fact that it is demand from end users - households, businesses, and the Government - that drives the demand for energy, is elementary, but of...

Damage-Collateral-Compensation Bonds

Damage-Collateral-Compensation Bonds GangaPrasad Rao gangaprasad.rao@gmail.com gprasadrao@hotmail.com The Nominal per-capita economic paradigm that many societies have adopted to raise their standard of living is not without its pitfalls. Nominal societies hasten a desired future by accommodating some ’real redux-nominal ZS’, and permitting some ‘hastening risk’ upon members of society. The damages and compensation claims resulting from such risks translating into real events in an inequitable nominal economy are shared by Insurance firms who insure Privates, and implicitly by the society/Government that covers or comes to the aid of the uninsured Public at large. Thus, if Privates enjoyed the benefits of anticipatory insurance post-fact the occurrence of the Risk event, the Public settles for as much EO-compensation as the Government deems expedient. This nominal dichotomy permits consumption-externalities by the Rich, and transfers them to the Poor who are victimized at the receiving...

Really Nominal !

Really Nominal! GangaPrasad Rao For some time now, the schizophrenic me has been debating the implications of nominal laissez-faire and real designs in the economic policy sphere (stoked by ‘Faith in an Unregulated Free Market? Don’t Fall for It’: New York Times). We learn at school the virtues of Schumpeterian innovation within a laissez faire economic paradigm - a paradigm in which entrepreneurs stake their technologies, goods, services and strategies against each other, and let the market-comprised of consumers, intermediate producers and investors- decide the winner. Seemed a very logical, and even a just resolution. Why rein the innovative zeal of entrepreneurs when creativity flows from unbridled competition engendered by the laissez faire under the Nominal paradigm? Remove barriers to entry, lower corporate taxes, permit free flow of capital, and what you have is a nominal utopia that serves the masses and elevates their immediate state of happiness. But has the reality of laiss...