Your accounting is correct. Its just that you don’t follow through with it so as to include a 50% Discount/Rebate at the various points of retail sale which would supercharge the economy and every individual and commercial agents in it. Why must only the banks and the government have accounts at the central bank??????? Give everyone and every commercial agent an account there and have the central bank create and distribute the non-debt monetary reserves in the rebate aspect of the above policy…and the most chronic problems of modern economies are resolved. Model it with the appropriate debits and credits and the scales fall from your eyes. And screw creating bonds that are sold to the non-bank sector…the answer is non-debt direct distributism to individual and commercial agents…at the various points of retail sale.

…when the sliding scale percentage of required gifted purchasing power is “taxed” into eco-energy R & D Treasury bonds so if one purchases $500 worth of such bonds the central bank pays $250 of price.

When everyone has an account at the central bank the debits and credits are easily created, distributed and accounted for, and the purposes for bonds becomes based on rational goals rather than punitively trying to deal with chronic inflation which the 50% Discount/Rebate policy accomplishes in spades.

Give every adult and every enterprise an account at the central bank and mandate that it create and distribute the rebate monies of the 50% Discount/Rebate at retail sale back to the merchant who discounted their goods or services.

No economic entity is entitled to monopoly power, particularly monopoly conceptual/paradigmatic powers because paradigms are applied concepts that create and enforce realities that are anomalous and hence both dominating and problematic.

Strategic Monetary Gifting at the various points of retail sale is the resolving new monetary and economic paradigm.

Steve Hummel 10/01/2026

…until we deal with the monopoly paradigm Finance wields because money is the tool for getting things done, and the freedom of action universal economic security will create will then be able to get around the oligarchic inaction/opposition to rational action on those existential issues.

Steve Hummel 10/01/2026

but even the beginning of a new zeitgiest. Imbuing Power, Profit and Control with Grace can redeem the economy and the money system which was the greatest gift the Roman church received after The Reformation because it assured its survival from the disintegrative effects of financial corruption. It got its zietgiest/ethics in which helped resacralize itself.

Grace as in Monetary Gifting will not only enable us to begin pursuing a new economic and monetary zietgiest, but a societal, cultural, intellectual/psychological and philosophical one as well. Perhaps what could be called a mega-zietgiest.

Steve Hummel 10/01/2026

Time to address that financial problem, which is its monopoly paradigm for the creation and distribution of all new money and that is resolved by the 50% Discount/Rebate policies at the various points of retail sale.

IOW the church was corrupted by finance and financial instruments like indulgences of course, but the deeper problem was finance itself with its monopoly paradigm of Debt Only which lead the church down the dark path of corruption.

Steve Hummel 09/30/2026

Solved by the single policy of a 50% Discount/Rebate policy at the various points of retail sale in the economy.

Why? Because it ends the conflict of interest between merchant and consumer with its dual beneficial effects.

Consumer gets 50% off EVERYTHING and the merchant gets a potential doubling of demand for every one of their goods and services. Its the perfect synthesis.

Ask yourself these two questions: Why would any merchant object to the money available to purchase their goods and services being doubled? Why would any individual object to being able to buy $100 worth of groceries…for only $50, a $60k EV for only $30k and a $500k house for only $250k? But wait, what is the retail point of finance? Thats right its your mortage, insurance, automobile, credit card or other big ticket item’s monthly payment. So apply the 50% Discount/Rebate there as well and you get that EV for a loan payment equivalent to only a $15k loan and your $500k house’s monthly payment becomes equivalent to only a $125k loan…but the bank in both instances gets their full $30k and $250k monthly loan payment…not to mention at least a doubling of the market for their “product” which is debt.

This single policy is so powerful that all you really have to do to counter any argument regarding it…by simply continuing to broadcast its individual and the commercial benefits. After all, everyone and every merchant are many, and the banks and oligarchs are few…and people DO vote their pocketbooks.

How do you make this possible? Give everyone and every merchant an account at the central bank who creates and distributes the rebate aspect of the policy and The Federal Reserve stops being the best friend of ONLY the banks and becomes the best friend forever of EVERYONE and is renamed The General Reserve.

Steve Hummel 09/29/2026

is a misnomer and an ignoring of the signature of trinity as in a resolving integrative synthesis and thirdness greater oneness of a problematic duality.

In other words its not just about the way that equal debits and credits of gifted purchasing power and reciprocal gifting of price back to the merchant, its also about how that resolves the chronic problems of modern economies with zero negative effects for both agents involved…because it pin points and also resolves the deepest economic problem of all which is the monopoly paradigm wielded by private finance which is that new money can only be created and distributed as debt, AKA Debt Only.

Yes, I’m the Copernicus, the Gallileo and the Kepler of the new monetary paradigm because I recognized the precise new paradigm concept, observed where and when to best apply it and realized that its discount and rebate applications needed to be a high percentage rate which makes it both beneficially irresistible and so necessary to opt into by commercial agents.

Steve Hummel 09/29/2026

RM: I’ve seen Steve Keen use double entry bookkeeping to make a point enough times to appreciate its significance. Thank you for clarifying what it should be used for.

Me: Yes, Keen’s and MMT’s insight that money is created by the banks and the government using double entry bookkeeping is very important. However, finding new policies to utilize that tool to resolve the deepest problems of modern economies like 1) the dominating and destabilizing effects of the current monopoly monetary paradigm for the creation and distribution of all new money AKA the applied concept of Debt Only, 2) chronic erosive inflation, 3) chronic individual monetary austerity and 4) debt deflation is paradigm changing. Its analogous to Kepler’s discovery of elliptical orbits that finally made helio-centrism more astrologically accurate than geo-centrism and so sealed the deal on the new paradigm.

And all of this occurs because one analyzes on the applied conceptual/paradigmatic level instead of only utilizing systemic analysis which of course is good and necessary, but doesn’t guarantee one becomes consciously aware of the new concept (Strategic Monetary Gifting), nor does it pin point the best places and times to implement that new paradigm (the various points of final payment/retail sale throughout the economic process) which is also a Keplerian insight.

If you want paradigm change you have to begin by analyzing on the conceptual level.

Nothing is “written” …except change, even with paradigms. Thats why we have paradigm changes which are the greatest historical and phenomenal examples of progress and re-stabilization of…an everchanging cosmos. The trick to understanding this is learning to view economics and everything else in terms of trinity as in the integrative synthesis of opposites to the point of thirdness greater oneness of a seemingly unresolvable duality. Its what I call The Cosmic Code of Grace and Wisdom because grace is flow, process as in time and so continual change, and Wisdom is the thirdness resolving mindset that gets one beyond the human propensity to grasp and hold onto warring dualities/orthodoxies.

Finally, the key to paradigmatic change itself is recognizing that the beneficial effects of every historical paradigm change have always been an aspect or aspects of the natural philosophical concept of grace which makes paradigm change/Paradigmology the straight-forward intellectual process of finding and applying the relevant aspect of grace to the system, body of knowledge, area of human endeavor under analysis so as to resolve its deepest problems…until it becomes anomalous once again…because things always change.

Steve Hummel 09/25/2026