The truth is private for profit money creation is not a legitimate business model at all. Why? Because loans/money creation is always a very costly occurence pre-production (as in business start ups and business expansion) or post retail sale (as in mortgages, auto loans and other big ticket items). Thus it exposes private for profit money creation as a wholly exterior parasite on the actually productive process. Investment banks that only utilize already created money/savings and other such financial services are legitimate business models.

Money creation needs to become a public utility guided by the most beneficial and ethical concept humanity has ever self actualized, namely the natural philosophical concept of grace, not grace as in some religious, sectarian orthodoxy, but grace as in as in love in action/systemic policy.

The way to herd the political apparatus toward economic abundance and ecological sanity is to communicate the incredible benefits of the new monetary paradigm of Direct and Reciprocal Monetary Gifting most specifically a 50% Discount at retail sale all of which discount is Rebated back to the enterprise granting it to the consumer so that they can be made whole on their overheads and profit margins. This single policy has the following empirical/mathematical effects: 1) ends inflation forever for every individual agent by implementing BENEFICIAL price and asset DEFLATION into profit making economic systems. “Holy orthodoxy exploding and temporal universe reality inverting occurence. That’s a paradigm change all by itself. 2) Thus it ends any argument for fiscal austerity enabling running the kind of fiscal deficits necessary to confront climate change. 3) It immediately doubles every individuals purchasing power so if you’re making $20/hr. you can now purchase at a rate of $40/hr or maintain your present lifestyle and save/invest at a rate of $20/hr. 4) It potentially doubles demand for vitually every enterprise’s goods and services integrating the self interests of enterprise with their consumers. 5) It consequently isolates Finance from every other legitimate business model making it a huge economic and politically powerful issue. Finally, and most importantly it breaks up private banks’ monopolistic paradigm of Debt Only as the sole form and vehicle for the creation and distribution of money.

I’m all for MMT, UBI, etc. etc. They’re all very good reforms, but why not deal effectively and terminatedly with the truly operant factor in the economic system, namely the current monetary paradigm???