An inherently cost inflationary systemic economic condition must deal with both costs and time….at the same time. As Time flows the only way that Time can be dealt with within the economy…is where the stopping points occur within and throughout the entire economic/productive process, and the point of sale is precisely that point in time because whenever a sale occurs total costs in the form of price for any item or service are terminally summed and stopped/ended….at that moment.
This is a cost accounting view of the economy and its deepest and most thorny ongoing problem of individual monetary scarcity in ratio to costs/prices. In order to see it one has to actually look at the present time workings of commerce without becoming confused by the myriad other goings on, view what is occurring (stopping and summing points), decipher the economic significance in terms of costs and time and then implement policies that resolve the ratio so as to create not an equilibrium, which is just another static/stopping point, but “a higher free flowing disequilibrium” that is an inversion of the problematic scarcity ratio which inversion just happens to be an historically repetitive signature of paradigm change.
As Dr. Keen himself has complained, economists can get their degrees without taking so much as a beginning course in accounting despite the fact that its subset of cost accounting enables one to see the empirical data that exposes the deepest macro-economic problem and the places and times at which it can be resolved. Likewise, most accountants aren’t trained to think about the economic significances of the flows of data or of the stopping and summing points within those flows. Hence these insights are generally missed by both economists and accountants.
The retail product sale for any business model is the precise point to implement monetary policy and the rebating of those discounts back to the enterprise giving them is effective in eliminating the inherent/continuously cost inflationary condition of modern economies because it is the expression of the new monetary and economic paradigm of Direct/Immediate, Abundant and Reciprocal Monetary Gifting.
As the business model of Finance has a virtual monopoly on credit creation, and that their monopoly paradigms of Ongoing Debt, Loans and For Production ONLY enforce indirectness and hence Time/a lack of immediacy of policy effect on the problem one can then see that the problem can only be resolved by replacing them with the new primary paradigm of Direct/Immediate, Abundant and Reciprocal Monetary Gifting.
Finally, recognizing and fully fleshing out the philosophical concept behind the new monetary paradigm, i.e. grace as in Gifting, enables one to more effectively craft, align and implement policy in order to create a thorough integrity of thought/philosophy and action/policy in greater scientific agreement with the cyclically flowing/free flowing nature of the temporal universe.