Posted To Steve Keen’s Substack Podcast 06/18/2023

China will continue to kick the West’s ass so far as growth and innovation are concerned because they have a much more pragmatic attitude toward DEBT. However, if they don’t recognize the specific new monetary paradigm and where to most efficaciously apply it they’ll likely still utilize the current monopoly paradigm for the creation and distribution of new money of Debt ONLY to continue to dominate their general populace…exactly like every political elite has done since Rome when debt jubilee was completely discontinued, and actually even before that because debt jubilees were only intermittent instead of on a continuing basis. Power corrupts and absolute power corrupts absolutely afterall.

If the Chinese wake up and make an actual paradigm change they’ll not only be the world’s greatest export platform they’ll also have the happiest and most prosperous domestic economy the world has ever seen as well. Such is the power of the policies of Monetary Gifting, especially a 50% Discount/Rebate policy at retail sale. The West had better wake up and throw off the parasitical burden of the current paradigm.

We need to start a “satyagraha” movement for the new monetary paradigm. “Firmness in a good cause” for Monetary Grace As In Gifting i.e. a Wisdomics-Gracenomics and its policies would instill people with hope for both abundance and ecological sanity. Wisdom is always the solution via the thorough integration of the truths in opposite concepts.

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