Posted To Mish Shedlock’s Blog 10/22/2024

Everything both Austrian and neo-classical economics is based on is “free” market theoretics which is both a delusion and a complete misnomer for what the actual reality is which is alternately goosed and strangled dominating financial chaos via their wielding of the monopolistic monetary paradigm of Debt ONLY as in the sole form and vehicle for the creation and distribution of new money.

I’m not suggesting the end of private finance, only its dominance of 95-98% of the general populace and every other legitimate business model with a monopoly paradigm concept. The last monopoly paradigm we confronted was Salvation Via Roman Catholic Sacraments ONLY which led to The Reformation.

We need a monetary reformation that strategically integrates the new monetary paradigm of Gifting into the Debt ONLY system that will stabilize the economy.

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