Both Keen and Hudson are spot on about the problem, namely Keen: “money, debt and banks” and Hudson: “Finance capitalism”. Where they fall down is visualizing and implementing the solution, the whole soultion as in a pattern/paradigm change as opposed to mere reforms. Paradigmatic/operant concept analysis is counter intuitive in a world where scientific reductivism is so habitually dominant in intellectual inquiry that it is blinding to what really matters which is finding the exact SINGLE concept that strategically applied…changes the nature of the entire pattern under analysis. As I like to say “Science of course is wonderful, necessary and delicious…and it exists entirely within the digestive tract of paradigmatic analysis.” In this sense these two brilliant guys have “the cart before the horse”.

A little analysis of the history of paradigm changes.

1) New paradigm concepts are always in complete conceptual opposition to the current/old anomalous paradigm. Example: Almost exclusive ethic of survival ONLY vs self awareness and hence awareness that others are like us and require ethical consideration, i.e. narcissism vs empathy

2) New paradigms always invert the temporal universe realities of the old one. Examples: geo-centrism vs helio-centrism, nomadic hunting and gathering to homesteading, urbanization and agriculture

3) New paradigms resolve the deepest problems of the current paradigm. Example: Copernican concept, Gallilean observation of moons of Jupiter and Keplerian discovery that orbits are elliptical resolves astrological anomalies of Ptolemaic paradigm.

To illustrate #1 the above list, if MONEY is created by the banks and even by the government ONLY AS DEBT AS IN BURDEN TO REPAY ONLY (ONLY designating it as a monopoly paradigm concept) then the concept in complete opposition to that paradigm is MONETARY GIFTING.

To illustrate #2, if the current economy is DESTABILIZED by the monopoly paradigm of DEBT ONLY leading to instability and collapse because of the inevitable build up of private debt, then CONTINUOUS DEBT JUBILEE/REDUCTION VIA MONETARY GIFTING…MUST BE INTEGRATED INTO THE SYSTEM IN ORDER TO STABILIZE IT.

3) To illustrate #3, if CHRONIC, EROSIVE INFLATION AND AS A RESULT CHRONIC SCARCITY OF BOTH INDIVIDUAL PURCHASING POWER AND SCARCITY OF DEMAND FOR GOODS AND SERVICES, THEN A CONTINUOUS MEANS OF MATHEMATICALLY CREATING NON-HARMFUL DEFLATION SO AS TO INCREASE PURCHASING POWER/DEMAND MUST BE IMPLEMENTED. A 50% DISCOUNT/REBATE POLICY AT RETAIL SALE UTILIZING THE SAME MEANS THE BANKS CREATE UPWARDS OF 97% OF OUR NEW MONEY EVERY YEAR, NAMELY EQUAL DEBITS AND CREDITS THAT SUM TO ZERO, ACCOMPLISHES THE RESOLUTION OF THESE CURRENT PROBLEMS.

Be glad to discuss these issues and my book. ataushumme@yahoo.com or 1 602 769 6832 message only.

I’ve even got a policy that private finance can’t resist. Also, debt jubilee as a one-off is a decent reform. I integrate continuous debt jubilee into the economic process because one debt jubilee merely palliates the problem because the structural “rules” just make it immediately build back up. Also, it is true that its hard to get institutions etc. to back monetary reform, but Hudson and Keen are mostly trying to get economists with ego involvement to change and accept a new theory. Lotsa luck. What you need to do is start a mass movement. If you can’t sell doubling everyone’s purchasing power, potentially doubling demand for your goods and services to businessmen, ending inflation forever and enabling the individul consumer to purchase a $60k Tesla for $15k and a $400k house for $100k (the result of my continuous debt jubilee policy at point of loan signing coupled with the 50% Discount/Rebate policy at retail sale) you’d better get out of the political and economic pundit business. We are many, finance are few.