Posted To Robert Reich’s Substack Newsletter 04/12/2022

A 50% discount to consumers at retail sale, all of which was rebated back to the enterprise gifting it to consumers by the monetary authority so that they would be whole on their overheads and profit margins…would not only stop inflation, but do the impossible so far as orthodox theories are concerned, that is, integrate beneficial price and asset deflation into profit making economic systems.

Now THAT is a policy the democrats should get behind…like they’ve never gotten behind before.

And yes, further regulation and innovation is necessary to stabilize such a paradigm change, but I don’t want to hear cynical nonsense that such thing can never happen etc. etc. etc. Cynicism never solved anything. As Einstein said: “The true sign of intelligence is not knowledge, but imagination.” And: “If at first the idea is not absurd, then there is no hope for it.”


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