And likewise its an absurd misunderstanding and actually arrogance to deny the gifted benefits of the new monetary paradigm created by the 50% Discount/Rebate at retail sale, and the rest of the new paradigm policy program.
Do not be deceived.
Steve Hummel 08/27/2026
…so why don’t we do the same to break up the present monopoly monetary paradigm of Debt Only with a 50% Discount/Rebate policy at the various points of retail sale? Its a tremendously unconscious and mistaken oversight considering that such a tool and policy resolves the deepest problems and anomalies of modern economic systems like chronic price and asset inflation, chronic austerity of monetary/purchasing power and so demand for virtually all goods and services and the human civilization-long rule of humanity by Finance. It doesn’t make sense to not implement this solution when you can simply model its multiple systemic and individual beneficial effects.
Get outside of the box of the present monopoly monetary and economic paradigm concept for the creation and distribution of all new money which is Debt Only, and we will have arrived at the probably only the fourth mega-paradigm change in human history. And that doesn’t even measure the new paradigm’s social, psychological and spiritual benefits like how it makes participating in the economy the greatest opportunity to self actualize grace as in gratitude for a gift…since meditation and prayer.
So be it.
Steve Hummel
It not only makes everyone creditable, but also makes them anxious to borrow, which a large percentage of individuals being afflicted by unaffordability cannot justify doing, thus greatly increasing the market for Banking’s product, namely debt.
And by having the central bank simply create and distribute, debt free, 50% of everyone’s mortgage, insurance, automobile and other big ticket item’s monthly payment it makes the central bank the best friend forever of everybody including the banks…not just the bail bondsman for the banks when inflation and the monopoly paradigm for the creation and distribution of all new money known as Debt Only…which the banks wield…serially and historically has destabilized domestic economies.
Thus The Federal Reserve becomes The General Reserve.
Steve Hummel 08/27/2026
At base, humanity’s applied ideas also known as paradigms are what creates and shapes our realities both mentally and temporally. This makes them integrative resolutions of opposites/dualities/problems which is also the very intellectual process and effect of what has always been known as wisdom. Wise because its a program of resolving integration of the opposites of cost/debt/price with strategic monetary and economic grace as in Gifting (opposites) at the various equally strategic temporal points of retail sale throughout the economy utilizing the abstract trinitarian effecting tool of double entry bookkeeping (opposites).
This insight and application is what I refer to as Wisdomics-Gracenomics. It is a new integrative paradigm program of direct and reciprocally Gifted purchasing power/monetary distributism that resolves the present monopoly paradigm for the creation and distribution of all new money also known as Debt Only.
Steve Hummel 08/27/2026
Because its a universally participated in beneficial reciprocality…as in a caring relationship utilizing the reciprocal tool of accounting’s trinitarian formula of equal 1) debits and 2) credits that 3) sum to zero at retail sale which is the very purpose point of economics as in monetary profit from exchange.
Reciprocality/a caring mutually beneficial relationship is a primary aspect of the concept and experience of grace, and that fact is the enlightening and empowering “thing” behind every historical new applied idea/paradigm.
Addendum: Virtually all present discounts are fraudulent in that there is no market for the claimed price before the discount is applied due to the actual austerity of demand. That is why all present discounts must be applied before being eligible for the potent economic and monetary reciprocal nature of the 50% Discount/Rebate at retail sale.
Its applicable to and transforms…everything.
Steve Hummel 08/25/2026
A genuinely gracious and beautiful human being.
I grieve.
…when the ultimate monetary authority is the central bank and it could just create the money necessary to pay for 50% of the benefits government identifies as rationally needed and 50% of the cost of everything we buy when we go to the store as well?
Why not just mandate that the central bank create and distribute 50% of the cost of all such government legislation and also 50% of the price of every good and service at its retail point in the economy???
“It will cause massive inflation!” say the economists. Well, if you can buy $100 worth of groceries or other consumer products or services for only $50 at the point of retail sale…thats a funny kind of inflation.
“It will sky rocket the national debt and the taxes needed to pay for those services!” say the conservative and even the liberal politicians. Well if the central bank just created and distributed 50% of the cost of all legislation with money…not bonds IOW not debt…that would reduce the amount of taxes individuals and enterprise needed to pay to cover those costs and benefits BY 50%…and thats a funny kind of “necessary” increase in both taxes and debt.
“Thats harmful and over bearing!” say the people who wield the present paradigm. Well, if doubling the potential demand and hence the potential profit for every enterprise’s goods and services including the services of the private banks, IOW paying the bank 50% of everyone’s monthly debt payment…thats a funny kind of harmfulness and overbearingness for everyone…including the private banks.
And all of these and other economic problems are caused by finance insisting that all new money must only be created and distributed as DEBT, in other words a monopolistic and so dominating and harmful monetary and economic paradigm concept of DEBT ONLY…and integrating a directly distributive and reciprocal monetary paradigm into the DEBT ONLY system with a 50% Discount/Rebate policy at the retail points of the economy and also of government costs solves virtually all of the long standing economic problems everyone is forced to endure because of the present paradigm.
The last monopoly paradigm we broke up was Salvation Via Roman Catholic Sacraments ONLY and that was known as The Protestant Reformation.
We need a new monetary and economic reformation of Direct and Reciprocal Strategically Distributed Monetary Gifting at the retail points of the economy with a 50% Discount/Rebate policy at retail sale.
Let us have such a gracious economy and gracious government.
Steve Hummel 08/25/2026
Oligarchy and Multi-National Corporations With Global Reach will be broken up and not allowed to re-form. Private production itself will be allowed, but it will not be allowed to bully or bribe politicians and will be regulated and punished to insure that fact and to insure rational economic thinking and acting regarding climate change.
The new job guarantee of MMT will become affliate internet marketing for this de-centralized means of production ushering in a new abundance of entreprenuerism that will supplement the security created by the other policies of Strategic Monetary Gifting.
Steve Hummel 08/23/2026
You’re absolutely right Alan. Douglas was such a clear thinking person. His insights that money was basically accounting far pre-dated Mosler’s MMT and his Universal Dividend justified as a part of our cultural inheritance of technological and productive advance is something advocates of UBI still have not recognized. However, Douglas was born into classical economics and its concept of monetary and economic equillibrium and he also lived before the concept of paradigm/pattern change was elucidated by Kuhn. Hence he never suggested we make the CRP a high percentage that would make the benefits thereof a true dialectical thirdness of a higher monetary and purchasing power disequillibrium. That innovation which is my 50% Discount/Rebate policy at retail sale. I give Douglas full credit as per above, but I like to think that I am Douglas’ Kepler whose discovery of elliptical orbits is what actually made Copernicun helio-centrism more accurate than Ptolemaic geo-centrism.
Steve Hummel 08/22/2026
Social Credit/Wisdomics/Gracenomics/ Gracientialism 