Posted To Ann Pettifor’s Substack Newsletter 11/08/2022

It is tremendously stupid that we give a single business model (Finance) a virtual monopoly to create the economic life’s blood (money) of every individual and other commercial agent. But it is titanically stupid that we enable them a monopoly paradigm to create it ONLY as debt.

With that monopoly paradigm Finance has kept humanity on all fours for the entire history of civilization as Graeber and Hudson have well documented. And there’s no conspiracy about it…because there’s no need to conspire when you’ve been granted a monopoly paradigm which is the right to weield the power of the operant factor of an entire system/body of knowledge/pattern of thought. And unfortunately paradigms are like breathing, we’re normally unconscious of them, and when you stack up 5000 years of acculturated unconsciousness it’s no wonder even the most astute economists are unaware of the present monetary paradigm let alone be able to see the new concept that would beneficially and permanently change the entire character of money and economics.

It’s past time we stood up on our own hind legs and demanded the monetary freedom that the last several centuries of our cultural inheritance of the ever increasing abundance of productive capabilities has bestowed upon us. A freedom that, all by itself, the present monetary and financial paradigm denies us.

And it’s waaaay past time that we ended the bugaboo of inflation and the false orthodoxy that “inflation is always and everywhere a monetary phenomenon” by implementing beneficial price and asset deflation with a 50% Discount/Rebate policy at retail sale. That policy is powerful because it is the very expression of the new monetary and financial paradigm of Direct and Reciprocal Monetary Gifting.


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