That there must be a mere macro-economic equilibrium of individual incomes and costs/prices…is simply an orthodoxy that can be overcome with the macro-economic tool of the discount, and I contend must be overcome by using it to proactively create price deflation. With the discount we can have workable profit making systems and price deflation at the same time. Frankly I don’t care what Douglas or anyone else said or didn’t say about this.

Douglas envisioned money becoming a ticketing system. That will never happen without a proactive downsizing of the market for consumer finance in particular, the market for commercial finance in general and wresting away initial and primary control of the creation of credit in the financial system from the banks…whether they be private or public. The truly powerful thing about the discount mechanism is its macro-economic/aggregate nature. Thus it can be utilized to reduce aggregate GROSS costs for enterprises with the benefits going to both the individual and the enterprise and thus reducing the market/the need for finance as a whole. Banks and the business model of finance can still remain profitable, but the power of money creation is too corruptible for private and even public banking…that capability must be reserved for a sovereign entity and then only with a policy mandate that is thoroughly controlled by a fully fleshed out concept of Grace.

Grace after all is powerfully and proactively dealing with problems….with actual solutions, not palliatives, half measures or reliance upon mistaken orthodoxies that palliate problems or prolong solutions in any way.