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