Towards a New Economic System asks a critical question: how can the national debt of the United States be eliminated? In answering that question the author, Stephen Darlington, argues that the government must change the way it interacts with the economic system. Current and past policies of spending all its revenue and then funding deficit spending by borrowing have simply run up a huge national debt, one that could lead to the future impoverishment of America and see the United States decline as a world power. Chapter 1 introduces several innovative ideas, the most important one being that...