I have tremendous respect for Bill’s and MMT’s intellectual breadth. MMT is financially evolved over present neo-liberal DSGE austerity nonsensical nonsense. There can be no denying that. However, it is still monetarily incomplete and also has the stench of orthodoxy hanging around its economic prescriptions. Employment, at least the 40 hour per week concept of employment is already passe…and is rapidly becoming more so by the minute. Combine direct monetary gifting to the individual at a rate equal to a near satisfactorily middle class lifestyle, a retail discount which creates actual price deflation and that is rebated back to participating retail merchants so that they can be whole on their margins and overheads and a 20 hr or maybe even a two day 16 hour work week….and you’d have an economy that stably hummed along on all 18-20 trillion cylinders and kept up with and even proactively lead technological innovation and AI’s disruptive economic and individual income effects so that we could all rapidly progress toward the ultimate goal of money becoming simply a ticket for the distribution of production. None of the above policies are unreal, impractical, not integrative of fully truthful aspects of current economic thinking….nor untransformative. They ARE transformative, and at the same time are cognizant of the necessity of incorporating rational and ethical regulation of economies as well. The new, OUR new monetary and economic motto must be: Transformation first! Rational and ethical regulation….right along with it! That is the fully integrative, ethic of completeness, full Wisdom perspective.

Mere economics is dead. Long live Wisdomics!