Saw you on the Steve Keen podcast a few days ago and I really appreciated your thinking, particularly regarding integrative thinking and the need to analyze on the paradigmatic/applied conceptual level. I consider Keen to be the best economic thinker extant, but until that last podcast he seems to have resisted analysis on that level. Economics has a plethera of problems, but I think we can all agree that Finance/Money is where the core of the core problem exists. I believe that problem is the current paradigm that says new money can only be created and distributed as debt, in other words Debt Only. Two of the signatures of historical paradigm changes are that:
1) the old and the new paradigm are always in complete conceptual opposition and
2) the new paradigm solves the anomalies of the old because its application results in a complete inversion of temporal universe reality (for instance helio-centrism instead of geo-centrism and nomadic hunting and gathering to homesteading, urbanization and agriculture).
I have written a book entitled Wisdomics-Gracenomics: The New Monetary Pardigm and Its Policies which is available on Amazon. Among its policies is a 50% Discount/Rebate policy at retail sale utilizing the same accounting operations that the banks use to create all new money only as debt…in other words with a burden to repay. In this case the retail merchant opts into the policy and gifts the consumer a 50% discount on virtually every item and opens a T account labeled Retail Sales Discounts and the monetary authority/government simply rebates the entirety of those discount amounts back to the merchant thus zeroing out the account and making them whole on their entire price. This single policy would invert chronic erosive inflation into, hold you’re breath…beneficial price and asset deflation as in a complete inversion of temporal universe reality. So what is the concept in complete opposition to Debt Only as in the burden to repay? Direct and Reciprocal Monetary Gifting. So there is the new monetary paradigm concept…applied.
There are numerous other policies in the book like a sliding scale of required investment of gifted money in order to mitigate the increase in consumption into what I call eco-bonds at 6% that would supplement the mega fiscal deficits necessary to invest in R & D to confront climate change…and enabled by the termination of inflation by the 50% Discount/Rebate policy. Many other policies also found in a small but pungent book.
I look forward to communicating with you about these things, and hopefully about how we can begin a mass movement to communicate their benefits and so get them implemented. The new monetary paradigm’s time has come.