This “public banking” idea is associated with feketeresearch.com which is an off shoot of austrian economics. While autrianism has some strengths all of them are negated by their rigid ideological adherence to the idea that left alone markets would clear. That is the current dominant macro-economic theory of DSGE which except to the most blinded by ideology has been invalidated at least twice (the great depression and the current “great [and lingering] recession”)

As I have posted here several times Keynesianism was the compromise/palliative/fall back position for Finance that was crowned as “the answer” primarily to thwart Social Credit which was a burgeoning world movement before the war, and which Keynesianism morphed/devolved into neo-liberal/neo-classical synthesis and DSGE. This should be an abject lesson for present day monetary reformers to learn so that they do not fall for compromises/palliatives ever again, but rather insist on a transformative integration of only the truths, workabilities and applicabilities of apparently opposing theories.

Aside from the above, bitcoin is IMO fatally flawed because it mistakes chaos for freedom, and has no effective way of dealing with the inevitable problems associated with money and gain. The austrian/libertarian faction that is always pushing it perceives mere objectivity as sufficient in human affairs neglecting the fact that an ethic based solely on self interest is a woefully inadequate philosophy, and rather that an integration of self interest and Grace/graciousness which is the the pinnacle concept of sensitivity to the other, namely ethics, is precisely what is called for.

Gary,

If costs exceed total financing that can possibly become individual incomes (systemic cost inflation) and the cost accounting convention that all costs must go into price is enforced …how can any economic or monetary theory that only injects money into the economy via an enterprise/into the system first instead of directly to the individual….be anything but a palliative non-solution?

The economy/productive system itself must be transcended/circumvented by a direct payment to the individual that enables it to achieve equilibrium and proactively to create price deflation with a rebated discount to consumers that still fits seamlessly within profit making systems. It’s the only way out of the trap, the only way to achieve an actual (and dynamic) equilibrium and the only way that will enable us to truly progress toward the evolutionary state of money being a ticket for the distribution of production in a truly post scarcity economy. Wisdomics/Gracenomics and Gracientialism are the economic and monetarily valid integration and extension of philosophy and natural spirituality into mere economic theory and policy.

All of the current leading edge reform movements advocate one or more of the aspects of the natural concept and personal experience of Grace. They can all be integrated into and fit within Wisdomics/Gracenomics and Gracientialism.

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Jim,

I agree with all that you are saying here Jim…and just a little more. If we made that quote of yours this:

” To start a war you have to lie. To stop one you have to tell the truth and implement all of the structural reforms and policies that align with a philosophy that throttles and thwarts all of the bad actors whose interests are for war.” During Douglas’s time and before the second world war social crediters had a saying: “Those who call for full employment call for war.” A world economic system which has a chronic systemic scarcity of individual incomes will inevitably pit nation against nation. The Banks/Finance know this and will exploit it. If we don’t include ALL of the reforms and policies that will terminatedly end their monopolistic domination and control….and consciously recognize the focusing and clarifying power of a philosophy that is up to balancing and overcoming their philosophy of power, profit and control the job will be left unfinished and devolve into what we have now. Completeness is essential. Public Banking (structural/temporal presence) is an essential aspect of the over all solution as are Positive Money and MMT (sovereign control of money), as is the continual flux and flow of Disequilibrium Theory (Grace is the flow state and is the integrated state of both continual being and becoming), as is Social Credit (grace the free gift of money)as is the extension and further integration of Social Credit Wisdomics/Gracenomics and Gracientialism (the concept of Grace thoroughly applied to every aspect of the economy and money system and the recognition that the natural experience of Grace is the pinnacle human experience.

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Correct Bob. In an enslaving system that has gone on too long…even the enslavers are enslaved. Their devious strategy is the “survive via the super slo-mo train wreck while slowly boiling the consumer and other business models in oil” one. The system and its ruling ideologies are dead, a zombie. The only way out for the enslaved (all of them including the enslavers) is freedom. Complete individual and systemic freedom. For them to claim this they would have to embrace what is anathema to their monopoly powers, namely monetary grace the free gift.