Posted To Steve Keen’s Substack Newsletter 03/04/2023

A 50% Discount/Rebate policy at retail sale is

1) digital (equal debits and credits summing to zero increase in costs),

2) its immediate and continuing economic and monetary effects are aggregative/macro-economic because retail sale is the single universally participated in point in the entire economic process

3) its partner policy a 25-50% discount/debt jubilee policy at the point of loan signing integrates debt jubilee directly into the Debt Only based system thus ending Finance’s dominating monopolistic paradigm and addresses Minsky’s insightful debt deflation hypothesis with of all things BENEFICIAL debt deflation. Ah irony, mentally satisfying and a signature of historical paradigm changes.


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