Any MMTers here ever thought of creating a financial account where you’ve credited the value of our heritage of productive capability and the total of the communal nature our national assets and then debited those never extinguished assets into the bank accounts of individuals on a monthly dividend basis? As I said MMT is Social Credit for the government…which is all well and good, but why not extend its policies all the way to the individual???
Andy: Steve. Isn’t it an asset debit on the State’s books ?
Me: Yes, it is an asset account so it probably is a normal balance of Debit. I stand corrected. Hopefully however, it is soon administered by a new and fourth branch of government whose strict policy mandate is the the immanent freedom of the individual and the continual free flowingness of the economy via universal dividend and compensated retail discount mechanisms. That way we’ll have a lot less problems with Financial and/or large corporate interests being able to thwart and destroy it. That would also eliminate most of the idiocies of unconscious and overly ambitious pols meddling in affairs they are extremely slow to pick up on and/or disinclined to advocate because they need campaign funds mostly provided by those bad actors.