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Modern monetary theory and lunar development
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http://www.thespacereview.com/article/3811/1

While it would be remarkable, the NASA goal of landing the first woman on the Moon by 2024 is clouded by political uncertainties and weak public support.

What is proposed here is a “Big Push for lunar development” over the span of a decade to provide enough investment in key emerging space economy sectors that, by the end of the decade, feasibility and readiness for economic takeoff and self-sustaining growth will have been demonstrated.

MMT is coming into favor as a counter to austerity policies of sovereign countries that view that national budgets cannot sustainably operate in the red but must either cut spending or increase taxes or both.

Rather than the goal being full employment, as in conventional MMT, the goal becomes generating maximum benefits to the participating sovereign states and their people thru achievement of industrial development of the Moon.

Given that economic feasibility of lunar development was established, then business cases for numerous projects could close.

A monetary system for outer space can be created not bound by the limits of sovereign states on Earth and not plagued by the costs of military development.

The Space Bank is conceived to fulfill the mandate of Article I of the Outer Space Treaty to enable all states, regardless of their degree of economic or scientific development, to benefit from exploration and use of outer space.

Outstanding technical and performance by itself cannot assure success in industrial development of the Moon even with Apollo-level investments.

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