What is it about the nature of QE for the people policy of Steve Keen and others’ call for a “modern debt jubilee”  that makes it so effective? It is its directness to, immediacy for and the depth and inclusiveness to which its policy penetrates to, namely all the way to the individual…and finally, so far as inclusiveness is concerned, its encompassing of both the individual and the system…at the same time, i.e. its unity and simultaneity. 

Directness, immediacy, depth, inclusiveness, interpenetration, encompassment and simultaneity. If one crafts a jubilee/debt reduction policy that has such mystical qualities why not craft ongoing consumer financial policy to effect those same results and make the transformation of the economy complete and actual?  Economists need to think in terms of solving problems like and engineer, not merely palliating it so that it then continues to come back and inflict its misery on nearly everyone.

The money system is digital. It can fill a deficit/scarcity of individual incomes in order to balance those individual incomes and total consumer prices simultaneously produced and not have any inflationary effects. It can also cancel/reduce consumer prices to the individual without increasing the money supply by simply utilizing it as a discount to prices and rebating back those discounts to participating merchants by the same amount thus enabling both economic equilibrium and  price deflation at the same time. It uses the Banks money creating and extinguishing capabilities within the economy and between its agents in the interests of both immanent individual economic freedom and systemic free flowingness thus ending the dominating monopoly powers and paradigm of the Banks.