Please, CAPS are for emphasis not yelling.

Public banking and financial regulation are necessary things. However, the fly in the ointment of your argument is the fact that banks DO NOT LEND DEPOSITS. Instead they create NEW money with loans. And that isn’t even the deepest ECONOMIC problem of the monetary system…which is that ALL new money is created ONLY AS DEBT which enforces a monetary paradigm/APPLIED concept of DEBT ONLY….and the word “ONLY” designates it as a monopoly applied concept designates it as a monopoly paradigm…which is ENTIRELY ANALOGOUS to the Roman Catholic church’s monopoly paradigm of Salvation Via Roman Cathlic Sacraments…ONLYMONOPOLY PARADIGM OF SALVATION VIA ROMAN CATHOLIC SACRAMENTS…ONLY.

Monopolies of any kind are dominating, exclusionary and problematic because they fly in the face of the disctum that power corrupts and absolute power corrupts absolutely. Hence they cannot be ethically justified. This doesn’t mean there can’t be money created as debt, but breaking up that monopoly paradigm requires the signatures of every historical paradigm change which are COMPLETE conceptual opposition IOW from Debt ONLY to Debt AND Monetary Gifting and thus … because paradigms are APPLIED temporal universe concepts…temporal universe inversion of reality.

REFORMS ARE OKAY, but until one analyzes and ACTS conceptually/paradigmatically the problem WILL PERSIST because reforms are analogous to Ptolemaic Cosmology inventing epicycles to “fix” prediction of astral body movements…and thus to AVOID paradigm change.

Finally, cynicism is exposed as incorrect and irrelevant when you consider

1) that the truest of political truisms that “people vote their pocketbooks” IS TRUE and

2) the temporal universe reality is that the banks and the oligarchs are few and we the voters are many.

Finally, finally, Strategic Monetary Gifting with policies of a 50% Discount/Rebate at the various points of retail sale throughout the economic process is the best way to implement the new monetary and economic paradigm…along with the rest of the conceptually aligned reforms of UBI, Job Guarantee and Public Banking.

Arnnon’s response is in quotes in the following response by me:

First of all and again, you are into irrelevancies and mere invalidations. But here goes:

“What is the problem that persists?”

Its the currently enforced monopoly monetary paradigm for the creation and distribution of all new money AKA Debt ONLY…and which Strategic Monetary Gifting resolves…most efficaciously with a 50% Discount/Rebate policy at retail sale…and that aligns philosophically with Ellen’s correct advocacy for Greenbacks, Santan’s advocacy for UBI and Steve Keen’s advocacy for Debt Jubilee.

“What you call a cosmological “fix” is was at the time the best explanation to the evidence.”

Correct…for once. The only problem was it was false and merely an excuse that the orthodox could utilize to prevent paradigm change.

What is a paradigm in economics?”

A paradigm in whatever system is an applied concept. In this case its New Money As Debt Only and why thats relevant is that money is:

1) An excellent tool and an integral part of the economy

2) Money begins and sustains what makes things possible in the economy, or in the present paradigm’s case increasingly impossible

“Finally, finally, finally the question which was to be begged is begged.”

A mere and irrelevant attempt at invalidation.

“Paradigm shifts, cosmology, conceptual alignments reforms, fixes: You’re in an argument with yourself over your vocabulary.

No I’m not…you just aren’t following the insights regarding those factors.

“How can anyone else make sense of this?”

Because they can see the monetary, economic and philosophical relevancies of those factors…if they choose to actually look at them.

“Compare and contrast existing macroeconomic theories.

Then explain your new “new cosmological paradigm.”

Not enough time to do that except to point out what you did not get from my post which is that every other economic pundit’s accurate insights like UBI, Greenbacks, Job Guarantee and Debt Jubilee align very well with Monetary Gifting but that a 50% Discount/Rebate at retail sale is the best way to implement the new paradigm of Monetary Gifting…because EVERYONE MUST and Does participate IN RETAIL SALE which gives the policy instantaneous macro-economic effect…because macro-economics is about aggregates and EVERYONE is an aggregate…get it?

As to my new cosmological paradigm: Grace…as in graciousness/love in action/lovingness (not necessarily much of the religious orthodoxies that attend that concept and human capability)…has always been the solution…to EVERYTHING. Its simple, but then wisdom insights are and have always been…deep resolving simplicities. You just have to look at them to see them and get off your dead ass and self actualize and apply them in the temporal universe. Give it a shot will ya???

“Finally, finally, finally, finally show why the existing theories must be abandoned.

You know, like GALILEO, or NEWTON or EINSTEIN!”

You missed that I find agreement with most of the cutting edge theories I just re-posted above, and you also missed that Galileo, Newton and Einstein WERE INVOLVED IN PARADIGM CHANGES BECAUSE THEY RECOGNIZED THE PRESENT PARADIGM WAS ANOMALOUS AND FALSE…AND THEY ANALYZED THE PROBLEM CONCEPTUALLY/PARADIGMATICALLY…WHICH EVEN THE ABOVE THEORISTS i AGREE WITH…DON’T ADEQUATELY DO OR DO AT ALL…MOSTLY BECAUSE THEY HAVEN’T YET BECOME CONSCIOUSLY AWARE OF WHAT THE PRECISE NEW PARADIGM ACTUALLY IS…WHICH IS MONETARY GRACE AS IN GIFTING.

PR: Banks should be nationalized. They should serve their needed functions, but under the control of the people. They are like sewers, we need them, but we just need them to work and not to stink too much.

The notion that someone else has to make a profit from handling money is really rather bizarre. Handling money should be a utility, and those are best when under control of the people as this whole idea of ‘regulating monopolies’ never works.

Me: I completely understand the idea of nationalizing the private banks, but what if we let the central bank pay for 50% of your monthly payment to the banks??? Then, with the two Discount/Rebate policies and a reasonable UBI virtually everyone would be creditable. And then, if we created a true public bank that would fund anyone creditable at say a rate of 3%…that would force the private banks to fund loans at no more than 3%. And remember that by doubling everyone’s purchasing power with a 50% Discount/Rebate at regular consumer retail sale you’d only need a loan of $250k and then when the 50% Discount/Rebate is applied at the retail point of Finance which is one’s mortgage, automobile, insurance or other big ticket item’s monthly payment they could purchase a $500k house for only $250k at the home builder or home seller…and then when the bank creates the $250k that remains…the central bank pays for 50% of your monthly payment so that you now get a $500k house at the the equivalent payment of a loan for only $125k?

Response To Kanefirex: Yes, what you’re actually talking about is what I refer to as a mega-paradigm change of which there has only been 3-4 in human history (control of fire, invention of language, nomadic, tribal hunting and gathering to homesteading, urbanization and agriculture) and what would be the next step toward the only human phenomenon greater than a paradigm or mega-paradigm change, which is a new zeitgiest-ethic of the age.

Ever since humanity became self aware, hence became aware of ethics and moved microscopically from a zietgiest of Survival First and Foremost it has been trapped in the struggle between Power and Grace/Graciousness. As everyone must and does participate in the economy, imbuing that process and experience with Monetary Grace As In Gifting could open the door toward a new zietgiest of Grace by a yard instead of by a Planck unit. Or if we don’t recognize that the various aspects of Grace are deeper, more powerful, more resolving and closer to the ultimate nature of the cosmos itself than Power and we don’t implement/act with it, we sink into a black hole of suicidal destruction.

This has little to do with religion but everything to do with spirituality/wisdom…and as new paradigms are Wisdom as in the intellectual integration and resolution of opposites…the aligning and improving of things in the temporal universe as well.

So let us have a Wisdomics-Gracenomics with Strategic Monetary Grace As In Gifting…with post haste.