I have always admired Michael Hudson and Henry George and have mentioned that several times here. But what happens after only their reforms are enacted…and profits and the value of individuals’ incomes still continue to erode?

Rent and all of the other negative economic effects of finance capitalism doesn’t penetrate to the core of the problem…which is that the system of commerce ITSELF enforces inflation, because even in the completely unimpeded flow of exchange (libertarian economic theory)as well as despite any palliative measures to correct it (Keynesian, Georgist, Socialist etc. theories) “the rate of flow of total costs/prices exceeds the rate of flow of total individual incomes.” The actual solution is to address and directly deal with both the lack of individual income (dividend) and the tendency of commerce ITSELF to be cost inflationary (retail discount). I’m sorry, but graciously I suggest to you that every economic theorist and every reformer…is a nascent Social Crediter.

I’m not an absolutist about Social Credit either. My motto is Transformation first! Rational and ethical regulation…right along with it! As I suggested in a recent thread certain reforms could and should also be implemented that include Public Banking and optional taxation and/or investment incentives. We could also do what I have also previously suggested: a “big dividend, gradual jubilee” type means of quickly resetting the economy so as to avoid the war we are hurtling toward by for the next 48 months giving everyone 18 and over who has debt…a monthly payment of $5000, $4000 of which must go to debt reduction until their debts are completely discharged, at which time (and anytime within that 48 month period if one’s debts are completely eliminated) one receives only the additional $1000 per month. And of course right along with it a compensated retail discount mechanism is also implemented just to insure the virtual mathematical equilibrium of total prices and total individual incomes….through each moment of Time.

There’s something for every economic theorist, every reformer and every political perspective in such transformation and reform. And it isolates any theoretical, political, corporate or financial laggards as merely bought, self interested and/or utterly unwise and foolishly risking war….just to continue the present enslavement by debt.