The economy is in an inherent state of disequilibrium, increasingly so since technology has advanced and production has become a multi-stage complex and drawn out process.

Double entry bookkeeping is an essential tool for deciphering profit and loss, but is a two dimensional tool describing a three dimensional universe, and its surface expression of debits and credits that balance and equilibrate belies and obfuscates an underlying disequilibrium found in a subset of the discipline known as cost accounting where the data on individual incomes/labor costs are decipherable as only a fraction of total costs in the moment to moment normal and unfettered operation of the economic/productive system. Thus, as flows, the rate of flow of total costs will always tend to be greater than the rate of flow of total individual incomes. This is the picture of underlying systemic price inflation and hence the most basic cause of the erosion of profit and purchasing power that has bedeviled modern economies and economic theory.

A modern debt jubilee is enlightened because it rapidly resets the economy with as little individual pain and suffering as possible, eliminates the stress of long term economic frustration and hardship and wisely short circuits the historical rhyming of war with economic downturns, especially when today we live in an era of modern weaponry where no one’s life is safe and no one’s productive capacity is safe from destruction. Finally, a debt jubilee is perfectly reflective of the policy solutions that modern technologically advanced economies require, especially in view of the disruptive and accelerating factors of innovation and artificial intelligence is having on aggregate individual incomes. The policy solutions are a universal dividend directly distributed to the individual and a macro-economically derived discount to retail prices that is rebated back to participating merchants and thus eliminates price inflation for everyone while creating a much more robust business and investment climate and also helps both businesses and individuals to ween themselves off excessive finance.

Keynesianism is a palliative of the long term Financial monopoly, is reform rather than ideational/paradigmatic transformation, elitist rather than decentralized control and most importantly allows the financial elite to unethically maintain their control in an unstable system instead of enabling and maintaining stable power and control to be in “the many hands” of individuals with their un-extortable sufficient purchasing power money-vote.

Gifting directly to the individual is the only policy which actually and effectively can fully integrate micro and macro-economic policy because. The dividend does not incur an additional cost to either the individual enterprise or the system that can be passed on to other businesses and so also to consumers, and as the retail discount mechanism is based on the aggregate costs of consumption over the aggregate costs of production for the same period of time it also eliminates inflation for both the individual and the system as well.

A new financial paradigm of Gifting/monetary grace the free gift directly to the individual in the consumer and retail economy is an idea and a policy whose time has come.