Posted To Steve Keen’s DebtWatch Site 08/28/2016

Paradigm changes are marked by both their initial absurdity and complete reversals of the primary thinking of the old paradigm. In the switch from hunting and gathering to agriculture it was the reversal of going out of your home/tribal abode to where “everyone knew” the food was, to staying home and breeding stock and cultivating food. That was a major mental barrier and orthodoxy overthrown. With the Copernican paradigm change it was the “absurd” reversal of the sun and earth. So will be the chagrin and back tracking of “we knew it all the time” by the economists, pundits and pedants when the problematic paradigms of Cost, Debt and Loan ONLY are reversed and resolved by monetary grace as in Gifting.

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