The European Parliment is essentially a government making policy for the central banks of the Europe so its a kind of FED of the FEDs of each nation. And yes they do the same neo-classical stupidity as the US and elsewhere. The answer is the have the parliment and the American FED implement a 50% Discount/Rebate at retail sale and fund the rebate aspect of that policy.
Steve Hummel 11/08/2026
Trump is the head, MAGA is the reactionary body of the problem. Authoritarianism/domination is contrary to Democracy/Americanism.
And the key to resolving these opposites is to change the monoply monetary and economic paradigm of Debt Only…with you know what. (The 50% Discount/Rebate policy at the various points of retail sale throughout the economy.)
The end of the dominance and tail chasing of the addiction to duality/unresolving opposites, and the beginning of the mental and temporal universe applied awareness of the resolving wisdom of trinity/thirdness greater oneness.
IOW freedom, continuous freeflowingness, benevolent intent and action and all of the other fruits of the natural philosophical concept of grace.
Steve Hummel 11/07/2026
What this tells us is that people want a thirdness greater oneness of only the best aspects of the unresolving duality of capitalism versus socialism. That thirdness starts with breaking up the human civilization long monopoly paradigm that finance has wielded which is the applied concept of Debt Only for the creation and distribution of all new money. You don’t have to end debt, that would just be replacing one monopoly paradigm with another. You need to integrate Monetary Gifting into the Debt Only system.
We don’t need CAPITALISM!!!!! OR SOCIALISM!!!! We need a Wisdomics-Gracenomics.
Loanable funds is fallacious and double entry bookkeeping is an essential tool necessary to understand and even transform the economy and money system. Full stop.
The problems it doesn’t enlighten or resolve are inflation, the current system’s indirectness and favor for oligarcy instead of for all economic agents individual and commercial.
That’s why the directly distributive double entry bookkeeping policy of a 50% Discount/Rebate policy at the various points of final (and in the case of finance the continuous retail point) of exchange is so powerful, when wed to the new monetary and economic paradigm concept of Strategic Monetary Gifting.
Why? Because everyone participates in regular consumer retail sale and most people who want a middle class lifestyle also borrow. Thus its policy’s effect is instantaneously and continuously macro-economic in effect and also utterly conducive of economic and monetary democracy.
It (Monetary Gifting) also conceptually rhymes with debt jubilee, UBI and government deficits.
Retail sale being the ultimate expression point of inflation the 50% Discount/Rebate at retail sale resolves chronically punishing inflation by inverting that temporal universe reality into beneficial price and asset deflation. Hint: inversion of temporal universe reality is a primary signature of historical paradigm change.
wisdomicsblog.com
…within the joys and vicissitudes of life, and in the evolutionary process from a zietgiest of Power, Profit and Control to the new zeitgiest of Graciously Redeemed Power, Profit and Control. Inclusion, immersion, the moment and process.
Steve Hummel 11/06/2026
Strike while the iron is hot….with a 50% Discount/Rebate at the various points of retail sale. Solving the affordability problem forever will not only solidify a democratic coalition majority it will transform all of economic theory. The Window Cleaner…the Copernicus, Gallileo and Kepler of Money and Economics.
Steve Hummel 11/05/2026
By implementing the 50% Discount/Rebate at the various points of retail sale throughout the economy…and by understanding the mutually beneficial reciprocality aspect of grace in any instance and any problem and you will be solidly on the road to a new zeitgiest/ethic of the age.
Steve Hummel 11/04/2026
It could be a Wisdomics-Gracenomics…within a political and cultural re-orientation toward graciousness and its many beneficial and empowering aspects.
Let it be so…by standing in the light of grace, self actualizing those aspects and encouraging them economically, politically and culturally.
For instance, with a 50% Discount/Rebate policy at the various points of retail sale throughout the economy. In other words merchant’s graciously grant a 50% discount to their consumers which mathematically doubles their purchasing power, and then the central bank is mandated to rebate every cent of those discounts back to the merchant so they graciously get their full price while having the potential demand for every one of their goods and services doubled. That new relationship in the economy integrates the normal self interests of merchant and consumer, and instead of the consumer going to the grocery store and saying: Damn! Oreos just went up another 10%! they are enable the to self actualize gratitude for a gift by saying: “Thank you Mr & Mrs. Merchant for gifting me $50 on $100 worth of goods or services”…and “Thank you Mr. & Mrs. politician for finally implementing such a transformational policy. This continuous serendipitous change in the social psychology would have incredibly beneficial effects because everyone must and does participate in retail sale.
Grace baby! Its powerful, integratively and even surprisingly so.
Steve Hummel 11/04/2026
The real economic problem is the monopoly paradigm for the creation and distribution of all new money that the private banks wield which is the concept (as that is what a paradigm is, that is, an APPLIED concept)…of Debt Only. Break that monopoly up with a new paradigm of Strategic Monetary Gifting with a policy of a 50% Discount/Rebate at the various points of retail sale throughout the economy and you double everyone’s purchasing power, double the potential deamnd for every enterprise’s goods and services and invalidate The Quantity Theory of Money by creating beneficial price and asset deflation. Milton Friedman turns over in his grave.
Steve Hummel 11/02/2026
