Keynes, who was a contemporary of Douglas, was “chosen” by the banking and financial elite as the fall back position to save themselves after the last time around led to economic stagnation and then world war. Why? Because they knew it would enable them to remain in control. Then as General Equilibrium theory became the ruling economic ideology all manner of “creative” financial instruments became palatable and the rest is history.

Keynes who at least had an understanding of accounting should have known better, but not ever having been a businessman had no actual reality on the significance of the data in its subset, cost accounting, and so missed the ever present and dynamic cost inflationary truth its convention that “all costs must go into price” enforced.

Douglas was right 90 years ago, he’s still right and my Wisdomics/Gracenomics is the modern, cleansed of orthodoxy (even in Social Credit) extension of his thinking.

wisdomicsblog.com