Actually, the way to fix money which is virtually monopolized by Finance and its paradigm of Debt Only is to implement three policies and one structural change:
1) A 10% discount/rebate policy at the point of sale of each business model’s product or service to the next business model throughout the entire economic/productive process that is rebated back to them by a separate monetary authority. If any business arbitrarily inflates their prices for any reason other than legitimate ADDITIONAL costs incurred, say 3%, then that percentage is multiplied x 2 and subtracted from their reimbursed 10% rebate. This will encourage the micro-economic virtues of frugality and competition and discourage the economic vice of price inflation.
2) A 50% discount rebate at the point of final retail sale which is the terminal expression point for all cost and price inflation for every product or service.
3) A $1000/mo universal dividend distributed to everyone 18 years of age and older.
Structural change: Private money creation is abolished and a publicly administered US Bank is created with full arms length separation from the three branches of government and from the monetary authority mandated to distribute the dividend and rebate monies. Private finance will survive as a business model that advises savers and borrowers on investment of only already created and saved money.
Policy one as stated prevents garden variety intra-systemic inflation which is never of high percentage because price competition still lives between commercial agents and where it doesn’t taxation, forfeiture of discount/rebate privileges and monopoly break up could be followed through on.
Policy two implements beneficial price deflation into profit making systems by its discount to the terminal expression point for all price inflation while also keeping businesses whole on their overheads and profit margins via the rebating back to them of their discounts to consumers. It immediately doubles everyone’s potential purchasing power including any unemployed whose dividend becomes potentially $24,000/yr. Thus all transfer taxes for welfare and unemployment insurance paid for by both individuals and businesses immediately become redundant and able to be eliminated. Taxes for social security could also be rather rapidly phased out as well. Their bureaucracies could also be eliminated. Finally, as inflation will no longer be a systemic problem and direct monetary funding of all government expenses would be the reality, virtually all personal and corporate income taxes would be able to be eliminated as well.
Paradigm changes benefit all parties because they integrate the truthful, most beneficial and most workable aspects of the agendas of apparently opposing sides, like economic democracy and thrift as in the above policies for instance.
Policy three immediately ends poverty in America as every adult will have $24,000/yr of potential purchasing power and every two adult household will have $48,000/yr of same, and that’s without them earning anything from employment so if each had jobs totaling $20,000/yr that would make their total income potentially $48,000 + $80,000 or $128,000/yr.
The structural change terminally ends the naive idiocy of believing that a private monopoly on the paradigm and product of the tool that is necessary for commercial and individual survival in a MONETARY economy….is understandable in any way. As policy one and two are unmistakably gracious monetary gifts there is no way that even economic libertarians can misconstrue them as tyrannical.
There are many other “knock on” social, psychological, political and economic benefits from these policies, and as is historically verifiable, all legitimate factors in the area of human endeavor that a new paradigm occurs in….adapt to its obviously deep, broad, transformational and beneficial changes….not the other way around.