Posted To Steve Keen’s Substack Newsletter 09/11/2026

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Quite correct regarding neo-classicals. But there’s another problem that lurks in human minds which is the failure or refusal to look at innovations…that actually affirm correct systemic analysis and increases the benefits of such innovations to all agents…like my 50% Discount/Rebate policies at the various points of retail sale.

You recently did a video where you said that decreasing private debt would increase the velocity of money and so stabilize the economy which I completely agree with. Thats why I’m wondering why you’re not on the bandwagon for the above policy because if everyone’s purchasing power is mathemtically doubled by that policy (everyone can purchase $100 worth of goods and services for only $50) and when the policy is applied at the retail point of finance (one’s mortgage, insurance, automobile or other big ticket item’s monthly payment) the already 50% reduced price of a $500k house ($250k) means the borrower only pays half of that monthly payment and yet with the rebate aspect of the policy the central bank pays the private bank 50% of the $250k loan payment which reduces the individual’s private indebtedness by 75% or the equivalent monthly payment of a $125k loan.

Such is the “miracle” of applying the reciprocality aspect of double entry bookkeeping and its over looked trinitarian effect namely a temporal universe reduction in cost/price/indebtedness with the 50% Discount/Rebate policy…and that would increase the velocity of money, yet implement beneficial price and asset deflation and with the rebate aspect of the policy every merchant gets their full price so no moral hazard there.

Other than a few additional rules to be followed by commercial agents in opting into this policy do you have any response to these effects…excluding the difficulties of getting it implmented which statistically do not appear valid to me?

Steve Hummel 09/11/2026

Posted To Mish Shedlock’s Blog 09/10/2026

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What everyone here, in government on both sides of the aisle and the pundit world in general gets wrong about money and debt is that using the RECIPROCAL nature of doube entry bookkeeping’s operations of equal debits and credits that sum to zero and implementing a 50% Discount/Rebate policy at the various points of retail sale WITH PLAIN OLD MONEY INSTEAD OF MONEY THAT IS DEBT…RESOLVES THE DEEPEST PROBLEMS OF MODERN ECONOMIES AND ALSO MAKES DIVIDEND CHECKS, UBI, AND GENERAL PROFITABILITY A REALITY.

Trump doesn’t know this, but he knows he’s in big trouble in the mid terms so he’ll float MONETARY GIFTING to try to negate the negative trend…and then drop it exactly like he has before.

Whichever party recognizes the new monetary paradigm of gifting could win a greater political coalition than The New Deal. Just open your mind to the policy effects. It won’t kill you.

Steve Hummel 09/10/2026

The 50% Discount/Rebate Policy: Always The Answer

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Why? Because it increases purchasing power while simultaneously transforming chronic erosive inflation into beneficial price and asset deflation, and it also reduces debt and consequently increases the velocity of money so its a win/win/win.

What about interest rates? Raising or lowering interest rates is a ham-handed, ineffective tool to control inflation and make buying bonds attractive to the banks and wealthy individuals instead of democratizing the money supply. If you control inflation with beneficial deflation and supercharge and greatly stabilize the economy with the 50% Discount/Rebate policy it frees the monetary authority/central bank to issue bonds to rationally investigate and resolve problems like the energy and ecological crises looming up before us.

Steve Hummel 09/10/2026

The Answer To The Danger Of AI

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Program it with the same concept behind the new monetary and economic paradigm, in this case grace as in loving intention and action.

We need the broader, deeper and more beneficial new intellectual tool of AW/Artificial Wisdom because Wisdom is the greater intellectual process of the ethical consideration of human actions and potentially that of artificial intelligence.

Steve Hummel 09/09/2026

The Answer To The Planetary Finitude Of Energy and Resource Problem…

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..is the off planeting of the most polluting and entropic means of production and sourcing resources and energy production from the cosmos outside of the planet until we find the technology to extract it from the quantum zero point.

In other words moving from Energy and Resource Geo-centrism Only to Energy and Resource Cosmic as in outer and inner-centrism.

Paradigm changes are always resolving inversions of both mental and temporal universe realities. Awaken to that fact and analyze conceptually in order to find and act on that entire pattern phenomenon.

Steve Hummel 09/09/2026

Query Letter

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Title: Wisdomics-Gracenomics: The New Monetary Paradigm and Its Policies

A paradigm change in economics and the money system that mathematically doubles everyone’s purchasing power and also resolves the deepest problems of modern economies…in a single policy. That sums up my non-fiction book, but there’s a whole lot more in this book as well. How about serendipity/unexpected beneficial effects, the coining of a whole new phenomenon, the establishment of a whole new body of knowledge and finally the discovery of the concept behind every historical paradigm change which applied makes paradigm change a straight forward “plug and play” intellectual process.

My name is Steve Hummel and I have been a student of the best past and present monetary and economic systems theorists over the last decade and I affirm their brilliance. But I’m distinguished from all of them in one way. I’m the only theorist who analyzes these systems conceptually, and as present and new paradigms are essentially applied concepts that permanently change the realities of entire systems…this lead me to the discovery of the above single policy, an entire policy program for same and again, the very single concept behind every historical paradigm change.

And what is this single policy? Well, I’ll let you remain curious about that for now, and just tell you what it accomplishes: As I already stated it mathematically doubles everyone’s purchasing power so if you make $50k/yr. you can purchase $100k worth of goods and services with that $50k. Hence, it addresses and resolves the lack of affordability problem that 90+ percent of the general populace is afflicted with…and thats a lot of readers. It also potentially doubles the demand for every enterprise’s goods (like books for instance) or services so it integrates the normally opposed self interests of merchant and consumer. Macro-economics is about aggregates. Because the policy is implemented at the only points in the economy that everyone must and does participate in, its aggregative in that sense which means the policy is instantaneously and continually macro-economic in effect. What is the serendipitous aspect of the policy? I’ll let you ponder that for now as well.

This is a book of short but pungent problem resolving policy applications that everyone can model and which can be read in less than an hour, so its not an intimdating tome or hopelessly complex read which means virtually everyone could become a reader and purchaser.

Finally, I plan at least three follow on books relative to and expanding on the paradigm changing effects of this book entitled Paradigmology, The Cosmic Code and Gracientialism.

Sincerely,

Steve Hummel