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

…is a very important tool and abstraction that the monetary authority can create as much of as is necessary or it wants to…to resolve a monetary problem. The FED proved that in 2008. That means the central bank could fund 50% of government expenses and so cut taxation by 50%. It also means that it could fund 50% of total national retail sales by directly distributing that total back to economic and financial merchants who gave consumers a 50% Discount at that same point in the economic process thus resolving inflation by implementing beneficial price and asset deflation. The effect also doubles both the purchasing power of individuals and the potential demand for every merchant’s goods and services so it is utterly compelling to all economic agents. This is the indisputable “miracle” of the nature of money and of the trinitarian result of double entry bookkeeping’s operation of equal debits and credits that sum to zero.

The 50% Discount/Rebate policy at regular consumer retail sale and the retail point of finance (one’s mortgage, automobile, insurance or other big ticket item’s monthly payment…a new monetary paradigm in a single policy and the best friend forever of everyone and every merchant as well…including the private banks.

Steve Hummel 08/22/2026

Debt jubilee is an excellent thing, but its also just a one-off palliative that still allows finance to dominate everyone because it doesn’t change the monopoly monetary and economic paradigm that finance wields, namely the concept of Debt Only as the sole form and vehicle for the creation and distribution of all new money. Integrate the new monetary and economic paradigm of Strategic Monetary Gifting into the Debt Only system with its primary policy of a 50% Discount/Rebate at retail sale. Learn about it and the rest of the new paradigm’s policy program here https://wisdomicsblog.com/ and my book here: https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies-ebook/dp/B0C49B9PX7/ref=monarch_sidesheet_title#

Being both a pill popper and a UFO, now UAP buff, this podcast is like a supercharged chemical synthesis that has raised my dopamine level higher than a nicotine patch. Good on both of you. Yes Dr. Greer is verbose, but its a multi-facted topic after all, and his oligarchic scenario rings utterly true to me. I’ve enjoyed your podcasts for years Dave, and this is one the top ones. Speaking of deep things and syntheses integrating the seeming opposites of human consciousness and the electro-magnetic flux emanating from the cosmic zero point is probably the ultimate human experience as well as what all of the world’s wisdom traditions point at and urge us to attain, i.e. the experience of god as in graciousness/loving experience, intention and action. The experience of Grace/graciousness is the height of wisdom and its integrative fruits are a kind of cosmic code. I invite you to check out my book here: Wisdomics-Gracenomics: The Transformation of Economics and Creating An Everyday, Universally Participated In Infrastructure For The Self Actualization Of Gratitude https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies-ebook/dp/B0C49B9PX7/ref=monarch_sidesheet_title and my blog Wisdomicsblog.com here: https://wisdomicsblog.com/

The one thing that never wears out.

Steve Hummel 08/21/2026

Yes double entry bookkeeping is a wonderful tool. However its moniker is actually a misnomer because it neglects the fact that it is a trinitarian process which is equal 1) debits and 2) credits that sum to/result in 3) zero.

Unconscious, obsessive and/or false duality is the curse word of the human mindset and of human history, and not recognizing the monetary and economic trinitarian beneficial results of a 50% Discount/Rebate policy at the points of regular consumer retail sale and the retail point of finance, i.e. one’s mortgage, automobile, insurance or other big ticket item’s monthly payment…falls into that same dualistic trap.

Debt Only with Strategic Monetary Grace As In Gifting

Full Final Cost and Price Only with Strategic Monetary Grace As In Gifting

Obsessive Economic Duality/Conflict Only with Strategic Monetary Grace As In Gifting and the trinitarian tool of double entry bookkeeping

Science Only with the trinitarian intellectual process of Wisdom

With the 50% Discount/Rebate at regular consumer and financial retail sale inflation is resigned to the dust bin of history and universally secure monetary and economic democracy is basically accomplished. Hence, the present speculative nature and criteria for bonds and their rates can instead become mostly tied directly to more rational and ethical purposes…like addressing the energy and ecological crises converging upon us all. You do that by the FED floating 5-6% eco-energy R & D bonds, and then implementing a policy of a sliding scale required percentage of GIFTED purchasing power be “taxed” (read GIFTED) into such guaranteed bonds for the above rational purposes. Besides creating such ratioanal action this would also mitigate the increase in immediate consumption while also increasing everyone’s future economic and financial security.

So pardon me, but fuck all of the libertarian falderal about the importance of the bond market and their rates.

Steve Hummel 08/20/2026

Wisdomics-Gracenomics is the answer to universal economic security and stability. Full stop. However, no matter how much economic security one has, if they don’t also have a positive constructive purpose, they’re going to end up being an unhappy son of a bitch. Therefore, find your positive constructive purpose (PCP) and let that also be the goal of government and private entities.

Addendum: Social Security is the most enduring economic palliative and as a result it became the “third rail” of politics IOW if you tried to diminish it you were dead politically. But there is a world of difference between a palliative and a paradigm change, neah, a mega-paradigm change like Wisdomics-Gracenomics. Politicians! Wisdomics-Gracenomics is the new third rail of politics!

Steve Hummel 08/20/2026