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JM Keynes wrote a book about that back in 1940. It was one of the references mentioned at that Harvard Law School conference and suggested as a method of funding the Green New Deal.
Wikipedia article on the book:
Solar IS Civil Defense
Keynes' discussion in The General Theory about the 'euthanasia of the rentier class' was taken very seriously by the wealthy. Stanford economist Laurie Tarshis sat in on lectures by Keynes in the '30s in England. After WW II he wrote Elements of Economics, an excellent introduction to economics based on Keynes' thinking. William Buckley led the charge against him and stirred up Joe McCarthy who further denounced Tarshis. Elements of Economics became radioactive.
Samuelson introduced some analytical techniques devised by followers of Keynes, Hick, Hanson and Phillips, as what became known as the Samuelson Synthesis in his introductory text 'Economics' in 1948. It was that version, especially the Phillips Curve, that was demolished by stagflation. The Phillips curve was based on assumptions of relatively closed national economies.
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