Guys like Steve Keen are a mixed bag of orthodoxy and iconoclasm. He wades through this mountain of data and mathematical equations disproving DSGE (Dynamic Stochastic General Equilibrium) theory and yet cannot bring himself to look directly at the cost accounting datums which if understood as a flow of additional and related costs would prove the Social Credit insight. Orthodoxy blinds. Missing that insight would be kind of pitiful, if it weren’t so inevitably chaotic and destructive. He actually calls for “a new paradigm” and yet the best he can do is tweak Keynes which is only a palliative not an actual solution primarily because Keynesian stimulus still goes into and through the economy that initiates the deepest problem which is that the economy/the workings of commerce itself create a scarcity of individual incomes in ratio to total costs and so prices…as a moment to moment flow through time. He just doesn’t look at the data and do the calculus. And so he settles for reform, for half measures and for orthodoxy instead of recognizing that a new paradigm always, ALWAYS appears absurd and the complete opposite of what theoretical orthodoxy and the present powers that be think (or want others to contemplate) of as a solution. Keynesian stimulus is once removed from the actual solution in that such stimulus goes directly into the economy via some enterprise before it can become ACTUAL INDIVIDUAL income. Thus it cannot approach or attain equilibrium. The solution is a direct and free as in a gift of income to the individual….because its the only valid way that total individual incomes can increase and attain equality with total costs/prices….without incurring an additional cost to either the individual or the system…which is already unbalanced by an excess of costs and so prices. That scarcity ratio is so simple and so a part of our everyday thinking it eludes both the erudite and uninformed. Meanwhile the glaringly theoretical contradictory monopoly on credit creation, claim to ownership of same and even more deeply THE IDEA, THE PARADIGM of Debt ONLY for consumption, that is, the idea that money for consumption can only be distributed as a loan and NEVER as a gift even though the system already creates more costs/prices than individual incomes. Its an arbitrary, empirically batty and dominatingly self interested paradigmatic power that the 800 trillion dollar gorilla of Finance forces upon every other business model and every individual in the economy….because economists can’t see clear to balance it with policies that reflect the new and increasingly necessary paradigm of grace/gifting for consumer finance.

And nothing else, no other idea/paradigm will break up that present monopoly paradigm. Rational, ethical and gracious structures and regulations are important, even after a transformation, but ideas and paradigms rule minds and societies…and the present paradigm’s rule will never end until it is replaced as the new and primary one of monetary grace/gifting.