Posted To Both Mish Shedlock’s and Steve Keen’s Blogs 11/20/2023

Regarding the election of a libertarian president in Argentina

This is just another event in the disintegrative trend human civilization has been on since it stopped having periodic debt jubilees with the Roman empire. When you set up obsessive and unresolvable dualisms like liberalism vs libertarianism YOU SET UP FRUSTRATION AND EVENTUAL CHAOS. Thats why you need to find an APPLIED concept that will resolve that dualism into A THIRDNESS GREATER ONENESS ALSO KNOWN AS A TRINITY/SYNTHESIS. Consult chemistry, Hegel, NATURAL philosophy and my book Wisdomics-Gracenomics.

MAXMIN: Debt jubilee as you call it is a way of punishing the prudent to reward the deadbeats, i.e. reward behaviour free of responsibility. It has been happening lately a lot, so will you finally stop peddling that BS?

Me: You miss that the present MONOPOLISTIC monetary paradigm for the creation and distribution of new money, namely Debt ONLY, is historically an inevitably de-stabilizing and overwhelming factor in economics. Please drop your present orthodoxies long enough to look at what effectively integrating a new paradigm concept, i.e. Monetary Gifting, into the Debt ONLY based system still enables private finance to exist and even thrive…but does not allow them to dominate…which is an important thing…if you ‘re human and hence live in a universe where ethics are important and necessary.

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