The obvious solution is a discount to price at retail sale. The money system is digital for debt and for price. Doing a macro-economic discount at retail sale which is the terminal end of the economic cycle for any product or service (and that is rebated back to the merchant giving the discount only after a sale is made) allows the merchant to discover his best competitive price BEFORE the discount and thus is not intrusive price control in any way and because it is rebated back allows him/her to be whole on their margins and overheads. Everyone benefits, the consumer with deflationary prices, the merchant because he’ll make much more profit from the increased volume of sales due to the discount (and also due to a universal dividend enabling the individual to have more spendable cash) and the net effect of more money in people’s hands to spend and lower prices due to the discount translates into less necessity to borrow by government, commercial enterprises and individuals.

You’re all nascent social crediters.

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@ peterblogdanovich and stuki moi

Me:  Keen is correct. By the way the concept that underlies “a modern debt jubilee” is Grace as in GIVING, FORGIVING AND CONTINUANCE AS IN FLOW. This is not some call for religion as these concepts align and reflect perfectly with the classical goals of economics and with the resolution of our current situation and inherent debt deflationary nature of modern technologically advanced capital intensive economies.

The fact is every leading edge reform and every cutting edge economic theory has an aspect or aspects of the concept of Grace as the basis for its policy recommendations. This is the discovery of Wisdomics/Gracenomics which is the integration of these reforms and theories. Keen has been unconsciously (and with conscious urging on my part for several years) re-discovering the insights C. H. Douglas made 90+ years ago. When he recognizes that a system can survive/limp along for very long, but that throughout that entire time is glaringly unethical in that it makes every other business model serve the business model of Finance and that nearly every individual in the economy must do the same…is when he will recognize that the only valid and ethical policies that will rectify thee situation are a universal dividend and a deflationary discount to retail prices. Ethics and a heightened sensitivity to out ethics by the way is an inherent aspect of Grace/Conscious awareness.

Keen is a nascent social crediter.

Watch and read them and weep Mish. You’re a nascent social crediter.