MMT, like Keen’s financial instability and Hudson’s financial parasitism are all trying to deal with the correct problems, it’s just that they all still reside within the current monetary paradigm and haven’t recognized the paradigm changing policy point whose operation can bring directness of the monetary circuit and immediately “kill the two problematic birds of economics, scarcity of available individual income and chronic inflation….with one stone”.
When you recognize that a 50% discount/rebate policy at the point of retail sale is the very temporal universe expression of the new paradigm of Abundantly Direct and Reciprocal Monetary Gifting the scales fall from your eyes.
Yeah, yeah, yeah you still have to regulate and be vigilant because the world and man is not an altogether rational and ethical being, but JFC, what else is new? A new paradigm, that’s what and the secret that the OCD theoretical/scientistic types can’t understand is….EVERYTHING ADAPTS TO A NEW PARADIGM, NOT THE OTHER WAY AROUND….BECAUSE IT’S SUCH A SINGULARLY PROGRESSIVE EVENT FOR EVERYBODY BUT THE OBVIOUS BAD ACTORS THAT DESPERATELY NEED TO GET A STAKE DRIVEN THROUGH THEIR HEART ANYWAY.
Wisdomics-Gracenomics concisely enumerates what needs to be done to complete MMT and Keen’s and Hudson’s work among others. And the rest….we learn by doing while being faithful to the concept behind even the new paradigm.