Looking at the graph of velocity which doesn’t add a single additional cent to individual incomes actually (only lending/borrowing does that) but high velocity does indicate that more money remains in the circular flow of the economy as opposed to it being siphoned off in fictionalization which takes huge pools/amounts of money out of the circular flow and into bonds etc. which only return a very small percentage of actual individual interest income/profits back into the economy.

You’ll note that the upward trend in velocity ended with the precipitous fall in its rate following Volcker’s recession in the Reagan administration which heralded the beginning of the on going financialization process/drop in velocity. You’ll also notice the drop in velocity in the Clinton administration (think repeal of Glass-Steeagal)  and of course the continuing drop since 2008. Of course both globalization and innovation/AI have to be factored into the diminishment of aggregate individual incomes and hence factors in the drop in velocity as well.

Now if you implemented both a universal dividend and a macro-economically derived retail discount to consumers based on stats of total retail consumption over total costs of production including all interest charges, all depreciation costs that have to added to total costs and finally all profits and savings….and then rebate all of participating merchants’ discounts back to them….you’d get a huge discount to consumers/consumer prices (much more than the deceptive 3-4% of CPI even during the good times) because ALL costs are factored in it resulting in a tremendous increase in individual purchasing power….from the resulting actual consumer price deflation. And as businesses make more profit in good economic times when consumers have sufficient money in their hands…this increase in profit would reduce business’ needs for so much additional borrowing as well. That’s what is known as a proactive win-win situation for business and consumer, and a diminution to the over all market for finance as well.

You being a friend of Yanis Varoufakis, why isn’t he, Tsipras and the present Greek government aware of your IDEA website’s complementary currency”, i.e. social credit proposal? Or is that their next move? Bringing competition and the economic and monetary concept of Gifting is the actual answer to the monopolistic paradigm of Debt ONLY. You can see that can’t you?