Stephanie, you are obviously an intelligent person, but why aren’t you advocating the same method for creating money THAT MMT HAS CORRECTLY IDENTIFIED and both the private banks and the government use, namely equal equal debits and credits that sum to zero, at retail sale with a 50% discount (credit) all of which is rebated (debited) back to the merchant?

That single policy doubles everyone’s purchasing power by implementing beneficial deflation, simultaneously doubles the potential demand for every enterprise’s goods and services which is the very definition of good economic times and with the rebate back to the merchant eliminates any moral dilemma because they get their full price?

Why? Look at the effects of that single policyStephanie, you are obviously an intelligent person, but why aren’t you advocating the same method for creating money THAT MMT HAS CORRECTLY IDENTIFIED and both the private banks and the government use, namely equal equal debits and credits that sum to zero, at retail sale with a 50% discount (credit) all of which is rebated (debited) back to the merchant?

That single policy doubles everyone’s purchasing power by implementing beneficial deflation, simultaneously doubles the potential demand for every enterprise’s goods and services which is the very definition of good economic times and with the rebate back to the merchant eliminates any moral dilemma because they get their full price?

Why? Look at the effects of that single policy (there are numerous additional policies possible to rebut every objection anyone who has questioned it) …will you PLEASE! It will fulfill everything MMT would like to see happen. (there are numerous additional policies possible to rebut every objection I have heard from anyone who has questioned it).

It will fulfill everything MMT would like to see happen.

Reply to Wally Gringo:

1) Most people won’t spend all of their saved money because like all people who make a lot of money they will invest with it. In my book in order to encourage and increase this I suggest a sliding scale required percentage of Gifted money be “taxed”/invested in eco-energy R & D and infrastructure bonds at 5-6% in order to further mitigate consumption.

2) Most productive facilities do not operate at 100% and with the doubling of demand only the stupidest CEO would not increase such seeing this happening.

3) Business owners should benefit nothing wrong with that…but with the new paradigm the EVERYONE FINALLY benefits. Thats part of what makes it a paradigm change.

4) As I have pointed out before here, your assumption that prices will rise is just your acculturation of “free” market theoretics which isn’t free at all, but rather a chaotic framework of domination created and enforced by Finance’s wielding of the monopoly monetary paradigm of Debt Only. Integrating the new paradigm of Gifting into the Debt Only system not only benefits all agents it will create known and enforceable barriers to inflation and other economic vices…creating ACTUAL freedom within barriers…which in the human world of ethics IS THE ONLY ACTUAL FREEDOM…NOT THE FETSHIZED DELUSION OF TOTAL FREEDOM THAT “FREE” MARKET THEORETICS ASSERTS.

5) Have we ever had 50% y/o/y inflation let along moment to moment inflation? No, because high inflation is generally caused by circumstances created by the current monetary paradigm and other externalities. If you allow the FED’s recommended 2% inflation, make the discount percentage 52% and tax any blatant greedflation revenue garnered from such at a rate of 100% that would discourage anti-social actions. Also, if a CEO raises their prices by say 20% and their competitor doesn’t raise their price just how much market share will he take away from the anti-social CEO?