Posted To RWER Blog

KZ:  Related to but slightly different from the above, I also want to point out that debates among economists about what money is or is not, and how it “ought to be used” are largely unheard and irrelevant to most of the people who use money every day. Bankers listen to economists with one ear, some businesses with half an ear, and the ordinary citizen with no ears. Governments listen to economists when they should definitely not.

Me:  “Related to but slightly different from the above, I also want to point out that debates among economists about what money is or is not, and how it “ought to be used” are largely unheard and irrelevant to most of the people who use money every day. Bankers listen to economists with one ear, some businesses with half an ear, and the ordinary citizen with no ears. Governments listen to economists when they should definitely not.”

Defining money is fine. Better is to recognize it as an effective and essential tool, the economy as monetary in nature and to look for ways that it can be utilized to resolve income, revenue and systemic problems.

Again to paraphrase: “It’s the monetary paradigm, stupid.”

KZ:  Craig, you are correct that money is just another cultural tool to use in figuring out how to live our lives. So, let’s figure out how to best use it.

Me:  Thanks Ken. Correct, and actually my statement that “to look for ways that it can be utilized to resolve income, revenue and systemic problems” was slightly off my real point which is that more of us need to discover the simple and yet economic paradigm changing effects of an accounting and algebraic operation of equal numerical amounts credited to consumers and debited back to enterprise….of a 50% Discount/Rebate monetary policy at the point of retail sale.

That single policy has so much problem resolving effect, so much integrative economic benefits to both individuals and commercial agents and potential personal, social and systemic psychological up-lift-ness that I am continually amazed that you guys don’t get on the bandwagon with me on it.

 

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