New Economic Perspectives has the article about J. D. Alt’s Over-Arching Perspective. In it, he talks about the “ideology of money scarcity.”

There you have it. The new piping exists on pallets in a myriad of plumbing supply yards across the nation, the backhoes are ready, the drivers and excavators and plumbers and pipe-fitters are plenty for the task, but the U.S. doesn’t have enough dollars to pay for the marshalling of these resources. So they sit idle while the lead continues to leach into our drinking water and our children’s mental development is threatened, to one degree or another, by the poison. In my book, The Millennials’ Money, I refer to this condition as the “ideology of money scarcity.” And it is certainly a mystery how and why―in the first modern age of pure sovereign fiat-money―this ideology stubbornly retains its dominance over our collective thinking.

You can say this about the whole economy at this time that all the resources to do something are awaiting being put to use except for the money to do it.  J. D. Alt lays out this specific important example that is in the news.

Later on in the article he has some interesting conjectures about why we might have these so-called Neanderthal ideas, and suggests that there might be a scientific test that can be applied to see which Presidential candidates have more of this tendency and which ones may have less.

Based on listening to what the candidates have to say, it seems to me that there is only one candidate who might be able to free  himself from the remaining Neanderthal that we all have to some degree or another.  Of course, that is Bernie Sanders.  One of the reasons I am such a strong backer of Bernie Sanders is that I feel he can be made to understand the silliness of the “ideology of money scarcity”.  He can then explain it to the voters who are still holding onto this ideology that the oligarchs have been drumming into our heads for 65 years.