Minsky’s financial instability hypothesis which you Steve Keen advocate/prove is correct and historically has been the deepest reason for empires to invade their neighbors. Couple that with the facts that the monetary paradigm for the creation and distribution of new money is Debt Only and hasn’t changed for the entire course of human civilization, and the ignorant bias that you can’t give money DIRECTLY TO THE INDIVIDUAL unless its debt…and unresolvable austerity is enforced. The new monetary paradigm of GIFTING DIRECTLY TO BOTH THE INDIVIDUAL AND ENTERPRISE strategically implemented at retail sale, the point of loan signing and other efficacious points in the economic process is the solution to the MONOPOLY CONCEPT of Debt Only. Finally, system’s analysis is all well and good and helps isolate THE PROBLEM, but paradigmatic/applied conceptual analysis focuses on THE SOLUTIONS to that problem and leads to not just reform, but to ENTIRE PATTERN CHANGE. Try it, you’ll like it.

Debt IS the problem. Why? Because its a monopoly paradigm concept. The solution? Integrate its conceptually oppositional idea, Monetary Gifting strategically into the economy where it will have universal monetary and economic agent effect like at retail sale and point of loan signing. By the way the cardinal signature of every historical paradigm change is that the new paradigm is always in complete conceptual opposition to the old/present anomalous paradigm. Debt jubilee is a great idea, but its a one off that doesn’t rise to the permanent effect that paradigm change has. So thats why we need CONTINUOUS debt jubilee at point of loan signing.