In the first place Douglas never claimed that interest was the problem with the economy, so you’re off to a bad start with that erroneous conclusion. Secondly you show a complete unconsciousness of the costing/pricing system that is necessarily practiced by every enterprise and whose cost accounting conventions are the flaw that hold the entire economy down. This is typical of theorists, the vast majority of which have never been businessmen with a “hands on” enough approach to be aware of its importance. Thirdly ADDITIONAL FLOWS of costs over and above the costs of finance like depreciation make the the economy inherently cost inflationary, and depreciation allowances for business are not eliminations or forgiveness of such costs and so are merely “stays of execution” of such; and if a business does not charge such costs continuously in their prices they are actually zombies unless they are wildly successful and/or conglomerating in a usually fruitless attempt to avoid bankruptcy. This is also why 80-90% of business start ups fail within a few years. Fourthly, even if one doesn’t care to be an accurate accountant and does not believe the above, the enormously disruptive effects of innovation and artificial intelligence are going to destroy jobs and so erode aggregate demand so badly in the next 10-15 years that the policies of Social Credit/Wisdomics/Gracenomics….are the only rational course for people who no longer want to be dominated by Finance, and so are the only ethical course anyway.

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