Avner’s insight is a good one because it helps break up the delusionary belief that government creation of money is always wasteful etc. Its time and cost insights also are valid.
What if we analyzed those relevant factors of time and cost from the opposite perspective of immediacy and cost reduction with a 50% Discount/Rebate policy at retail sale? Everyone participates in retail sale thus such a policy mathematically and aggregatively/macro-economically benefits everyone by cutting the cost to the consumer by half while still enabling the commercial agent to get their full price?
I’m considering a class action suit (the class of all human beings and all economic agents) against Finance’s monopoly paradigm of Debt Only for the creation and distribution of new money. Monopolies are problematic because they are anti-competitive market situations. Private Finance dominates virtually every market in the economy thus dominating the entire pattern/body of knowledge of economics with that monopoly paradigm. The last monopoly paradigm broken up was the Roman Catholic Church’s monopoly paradigm for salvation (Catholic Sacraments Only) by The Reformation. Are we ready for/smart enough to start a monetary/economic Reformation?