Steve Keen is brilliant and correct in his analysis of money and the economy. However, he’s short and not very innovative with policy. People want and need something that hits them right in the pocket book and the policies I’ve tried to get him to advocate for years strangely go unheeded. As all new money is created with accounting (equal debits and credits that sum to zero) why not implement a 50% Discount/Rebate policy at retail sale where the retailer opts into giving the consumer a 50% discount on everything (credit) and the monetary authority rebates (debits) every cent of the discount back to the merchant making them whole on their entire price. However, the consumer (everybody) gets a 100% increase in their purchasing power, in other words $5k of earnings enables you to purchase $10k of goods and services. This single policy also ends inflation by (astonishingly) implementing beneficial price and asset deflation. Holy economic orthodoxy destroyer! Paired with my other policy of a 50% gift of interest to the bank/debt jubilee to the borrower enables the consumer to purchase a $500k house for $250k at retail sale and then only incur $125k of debt at point of loan signing. If you can show me a better way to both reduce private debt and benefit both the indivdual and commercial agent than these two policies I’m all on board.

At the bottom of the MAGA cult is long term grievance at the economic neglect/abuse by both parties since the 1970’s. That must end and the way to do that is to change the monetary paradigm with policies like a 50% Discount to the consumer at retail sale all of which discount is rebated back to the merchant granting it to the consumer. This mathematically doubles everyone’s purchasing power (you get $100 worth of grocries for $50) while slaying inflation by implementing beneficial price deflation. Add to this a gift to the banks of 50% of the interest on loans in return for a 50% reduction in principal and a $500k house is reduced to $250k at retail and $125k at point of loan signing. Likewise a $60k EV becomes $15k at loan signing. Finally, the true benefit of the new monetary paradigm of Gifting (an aspect of the natural philosophical concept of grace as in love in action which is the universally acknowledged highest spiritual value and experience) isn’t even an economic effect. Its the transformation of participating in the everyday universally participated in points of the economic process (retail sale & point of loan signing) from aggravating and painful experiences into the greatest opportunity to experience gratitude for a gift….since meditation and prayer. Visualize it.

I’m four square for science, i.e. analysis of problems, but we’re way past due to analyze for and implement solutions, think paradigm change which intellectual phenomenon is the successful integration of opposites, and hence is synonymous with Wisdom.

Money and run away speculation are the deepest problems in economics. Integrate Monetary Gifting into the present Debt Only based money system, and realize that “free” market theoretics is a complete misnomer for the actual reality that is alternately goosed and strangled dominating financial chaos…and because there is no such thing in the human universe as total freedom figure out the known and enforcable barriers between which freedom with ethics and good sense is possible. Thats what I would call a Wisdomics-Gracenomics.