Steve has made it clear that, in economics, most universities are barriers rather than bridges to knowledge. ‘Regenerating Economics’ is a counter-initiative mentioned by a Scottish Skool member (sadly, I’ve lost their name - would they please identify below) I plan to visit to this group, to explore their awareness of Steve’s work, Ravel and Skool. See - https://www.regenerativeeconomics.earth/home It aims to rebuild education about economics from scratch, at secondary-school level. It’s currently a small group but they seem to have extensive experience of that level of education. It’s ambitious, multi-national and very much a work-in-progress - much of its Website is under construction. It’s building an online textbook, with comprehensive scope going way beyond the market / selfish individual / energy-blind approach of the mainstream, towards a complex systems-dynamics energy and resource based outlook. For flavour, here’s a selection of headings from its Introduction : What is the economy? Ecology and the economy Society and the economy Doughnut economics Households, markets, the commons and the state Biomimicry for economic design Circular economies Distributive economies Caring economies Later sections go into detail about: Households Markets Commons The State Money and finance Global exchanges There’s a great overview video at https://www.youtube.com/watch?v=zCA9zJFMJTM

State governments bank at private banks. When they overspend, they borrow, and that debt compounds just like household debt. Federal governments bank at the central bank. When they spend more than they tax, they create fiat money that flows into the economy. Completely different mechanics. So why is California trying to fix a federal funding cut with a state tax? 🫤 Steve breaks this down in his latest video using Ravel©, showing what actually happens when you increase federal transfers instead. Spoiler: the state deficit vanishes and federal debt does NOT explode 🔥 He also walks through why the workers' share of GDP dropped from 64% to 58% in barely a decade, and what the monetary system has to do with it. Check it out here : https://www.youtube.com/watch?v=Ufn_Z2RqI_c&views