Most people are chronically afflicted by lack of money in order to possess the goods of an advanced economy, and as debt is increasingly the ONLY way to get more of it but increasing individual and corporate debt is what causes debt deflation, we’re in a double bind…unless we discover a way to provide more money to both individuals and enterprise and yet does not cause inflation. but instead mathematically implements beneficial price and asset deflation

And that way is to utilize accounting’s almost magical operation of equal debits and credits that sum to zero, most particularly at retail sale and point of loan signing, but also throughout the entire economic process thus creating an effective means of inhibiting economic vices and encouraging economic goals like stable free flowingness and abundance.

Again Keen, you’re brilliant, but you failed to follow through with your realization about the economic importance of applying accounting. The equal debits and credits summing to zero operation of accounting is reflective, nay a mathematically applicable way to create the thirdness greater oneness of Hegel’s progressive thesis x antithesis = synthesis throughout the economic process. But you whizzed right by that fact into the even higher insolvabilities of energy and global warming…which the new monetary paradigm with its beneficial deflation will finally and mathematically shut the mouths of austerians forever, enable the fiscal deficits and mega-projects that will give us a chance to confront climate change. And finally create the possibility of the greatest mass movement of hundreds of millions of grateful consumers to herd the political apparatus toward economic and ecological sanity.

Please consider it.

MR: Steve, worse than a con-job, it’s a deliberate outcome of a bought political system. Wall Street bankrolls elections, politicians and political parties, which in turn install captive financial administration or as Anat Admati calls it: ‘in the revolving door of financial regulation.” Finance is all politics.

High velocity main street, well said.

Me: Repealing Citizen’s United would be a good way to cut Finance’s political power. However, the best way would be to enact the policies of the new monetary paradigm that immediately mathematically doubles everyone’s purchasing power doubles the potential demand for every enterprise’s goods and services, ends inflation forever and last but not least transforms the economy into a daily, universally participated in infrastructure for the creation of gratitude at retail sale for the gift of 50% of price.

Politically that integrates the self interests of merchant and consumer against Finance which wields the monopoly monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of new money. Such a revolt of the bourgeoise was dashed probably by Marx’s not comprehending the new monetary paradigm and also failing to recognize the incredible power of accounting for anchoring monetary reality.

If you can’t sell being able to buy a $400k house for $100k and a $60k Tesla for $15k with the two primary policies of the new monetary paradigm which anyone with two brain cells has to love, so as to start the mass socio-economic and political movement for their implementation, then you better just retreat into cynicism and apathy and watch the planet and every species of flora and faughna get roasted. Action beats the greatest and most accurate theoretics every time.