I have complimented Steve Keen numerous times for his iconoclastic de-bunking of neo-liberal economics, but have also always told him that Minsky’s instability/ponzi finance hypothesis was more observation of inevitable human psychological flaw than systemic insight. MMT is aligned with my thinking because it would make money more abundant. The problem with it however, is that the money is not direct to the individual, and when one factors in the disruptive force of AI which I do not see as avoidable or compensate-able within any present economic orthodoxy ….and that makes the policies of Wisdomics/Gracenomics/Social Credit not only relevant but necessary….and if you understand that employment is a rather small set of possible positive purposes…..they are the more enlightened path forward for humanity.

Phil:  Please do tell us why you think Minsky changed his mind. It seems very odd.

Me:   @Phil

Because if you leave even an unconscious toe of your mind in the monetary paradigms of debt, scarcity and indirectness their real but merely apparent realities will eventually re-hypnotize and re-habituate you to their apparentcy, and consequently you’ll begin to think they are THE workable monetary solution instead of the deeper truth that integrating the paradigms of gifting, abundance and directness into the system are what is necessary.