Posted To Stephanie Kelton’s Substack Newsletter 03/11/2023

Stats are fun and a little bit enlightening…sometimes. But why not do something that not only results in REALLY good statistics, but changes the nature of the pattern under analysis and solves its deepest problems, like a 50% Discount/Rebate policy at retail sale??? Quick answer is because the FED is the handmaiden of the big private banks and doing so would end their monopoly paradigm for the creation and distribution of new money, that is Debt ONLY. Second quick answer is economists, not even progressive economists like MMTers, don’t really have a clue about what a paradigm actually is, hence what paradigmatic analysis is and apparently don’t know the signatures of accomplished historical paradigm changes…and so no comprende which means no action and no resolution.If economists were more systems philosophers like R. Buckminster Fuller suggested we become, than mere systems analysts we’d pursue solutions instead of obsessing over and wringing our hands about problems.

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