This shows that Trump is at least aware of MMT which is more than any other politician is aware of or willing to risk speaking about. MMT recognizes an aspect of the concept of Grace, namely sovereignty/sovereign control, and is Social Credit for the government, actually once removed and half @ssed Social Credit because its money creation doesn’t extend all the way to the individual and hence does not have the positive effect of freeing the individual (and the system) by resolving the inherent scarcity of individual income that exists due to charges for replacement of capital in consumer prices. It also does not recommend a discount policy along with money printing which is not taking full responsibility for adult and actual control of the system. As Steve Keen quoting Minsky, correctly (and semi-consciously aware of the concept and workability of monetary grace) says:
“The fundamental direction of capitalism is up.” So if you implemented a dividend without a discount quite quickly you’d have destructive inflation. With both the dividend and the discount, which is reciprocal monetary grace (and which is actually an integration of exchange and grace as in gifting) you would have the best of both worlds: individual immanent economic freedom and beneficial price deflationary systemic free flowingness as well.

And of course governmental spending for infrastructure etc. is only good economic sense and part of being a caring sovereign. But lets not settle for mere reform….when you can have transformation AND reform.

Grace is the concept behind the policies of every leading edge theory and/or reform. It’s time we awakened to the concept. Does the sun say: “Pay me 50 trillion shekels or I won’t shine on you today?” No, it gifts us freely. Gifting and inherent abundance underlie mere exchange, and if intelligently applied are regenerative of depreciation/temporal costs.

Trump (and Hilary) needs to be sent Public Banking and Social Credit material. Either one, despite their flaws, could become the greatest president we ever had if they implemented such policies. Better beef up security in the process though.

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Ed:  My take on this event is that this is yet another incident where Trump says something outrageous, some aspect of the administrative state loses it’s collective mind, then he walks things back. Whether he threatens to force the Germans to pay for their own defense, or hints around at a partial default, I find it extremely hard to believe he has no idea what he is saying or doing, nor that he doesn’t understand that his words will have these effects. It happens to often for it not to be calculated. He seems to courting attention and imposing an air of predictability, and it seems to happen at the feet of powerful interests, such as the defense establishment and the finance industry. It really appears to me that he is probing to see where he has leverage. The people that run the show know that their lives and position in life depends upon the smooth functioning of the financial system, and hinting at some sort of default puts their vacation in the Hamptons at risk. I see this particular incident as a shot across their bow. He has their attention now. And they are probably already revealing weaknesses and their negotiating position. Let’s not forget, Goldman Sachs doesn’t have an army.

Me:  Yes that may be the case. Trump is a savvy negotiator and plays “the game” very well. But why not play the ultimate game? He needs to be made aware of how an integration of the intentions and structural reforms of Public Banking and the policies of Social Credit could forever change the system. Being tough minded is wisdom…and tough mindedness integrated with graciousness is ultimate wisdom and power.

“Let’s not forget, Goldman Sachs doesn’t have an army.”

A very salient point that people need to become more aware of….and that the various reform movements need to act upon by integrating the best and only the applicable and workable aspects of their agendas. When you’re down on the ground with a stake on the chest of Dracula do you stop and have sympathy for him….or do you drive the stake home…so that he indeed can also ascend and accept Grace?

Ed:  There’s an old saying that goes like this — when you owe someone $20 it is your problem. When you owe someone $1 million it is THEIR problem.

Me:  Yes. The only reason I’ve been less critical of Trump was that I perceived that he might be monetarily educable and in the correct time and place to make a difference.

And remember, without some drastic intervention a collapse actually IS inevitable. Better to integrate Grace/forgivieness of debt…by paying the onerous and odious aspects of it off….instead of defaulting on it. And then preventing such a situation from ever arising again with policies that quarantee individual freedom and systemic free flowingness.

Actually that goes the same for Hilary. You just have to have the willingness to look instead of relating via old/incorrect orthodoxy, the insight at the right time and then the guts to make the right decision. That unfortunately is a lot to ask, but even if you failed you’d someday (soon) be looked back upon as a visionary responsible for “sowing the seed” of a glorious and golden age. That’s how and what ambitious people like any candidate for president….might be willing to risk.