Your analysis is sound. Its only problem is it exists virtually entirely within the current paradigm for the creation and distribution of new money which is Debt Only. There are many ways to maintain the ethical nature of monetary contracts while strategically implementing the new monetary paradigm of Direct and Reciprocal Monetary Gifting…which will solve many more problems in the economy and elsewhere than the current paradigm allows.

KM: I will continue to argue, as I’ve done with Steve Keen, that, although the mainstream economic analysis is incorrect, the reason for it’s intransigence is a political, rather than an academic one.

Me: Kevin: You are absolutely right. Theoretics/systemic analysis no matter how accurate generally does not analyze on the conceptual/paradigmatic level. This is why Keen hasn’t so far consciously perceived the new paradigm concept and so his analysis is incomplete and lacks focused analysis on HOW to implement it.

New paradigms are new, operantly APPLIED phenomena. What we require is conscious awareness of the specific new concept and how to best implement it. As a genuine new paradigm concept changes the ENTIRE nature of a system, body of knowledge, area of human endeavor by beneficially resolving the old/current paradigm’s anomalies its THE solution, and all it further needs is a socio-economic and political mass movement to communicate those benefits.

We can look directly at the problematic operations in the economy, but still miss the importance of the ideas/paradigm concepts BEHIND those operations. Keen has said: “Neo-classical economists ignore money, debt and banks, because if they didn’t they would have to admit that the money system de-stabilizes the economy.” But he did not perceive that the monopoly paradigm for the creation and distribution of new money of Debt ONLY (the word ONLY designates it as such) is what enforces de-stabilizing debt deflation and that strategically and DIRECTLY integrating the new paradigm of Monetary Gifting at points within the economic process is what will end the current monopoly paradigm and resolve its problems.