Yes, but the key policy of the new paradigm program, the 50% Discount/Rebate at retail sale resolves so many of the anomalies of the current paradigm, is so incredibly beneficial for the long neglected/ignored individual, integrates the self interests of the traditionally opposed relationship of merchant/consumer while helping to separate the merchant’s interests from those of Finance…that if they look at it economists can easily see it and if politicians get a little spine and realize that the new paradigm’s policies are such winners that the party that advocates for them will easily be able to establish a winning coalition probably greater than The New Deal was in America.
Build a mass socio-economic and political movement for the new monetary paradigm and that irresistible “idea whose time has come” could quickly become the new reality.
*************************************************************************
Thanks for the likes. I want to make clear that MMT was an important insight regarding the money creation mechanics, and that I am only critiquing MMT because its advocates fail to analyze the economy and the money system on a conceptual/paradigmatic level. That and because they fail to look at and follow through with their own insight that money creation is an accounting operation by not advocating for a 50% Discount (credit to the consumer)/Rebate (debit back to the merchant) policy at retail sale IOW equal debits and credits that sum to zero…which again is precisely what MMT says is the actual money creating procedure AND BECAUSE THOSE DEBITS AND CREDITS REPRESENT AND ARE IN FACT GIFTED MONEY…
1) THEY ARE NOT MORE DEBT AND YET DESPITE THE FACT THAT THEY POTENTIALLY DOUBLE THE MONEY SUPPLY
2)THEY RESOLVE INFLATION BY INVALIDATING THE QUANTITY THEORY OF MONEY,
3) ENABLE COST CUTS THAT THE IDIOT ORTHODOX LIBERTARIANS AND CONSERVATIVES ALSO WANT BUT CAN’T GET PAST THE IDEA OF DEBT IN ORDER TO ACCOMPLISH SUCH AND MOST IMPORTANTLY
4) TRANSFORMS (UNIVERSAL) PARTICIPATION IN THE ECONOMY FROM A FRUSTRATING EXPERIENCE INTO THE GREATEST OPPORTUNITY TO SELF ACTUALIZE GRATITUDE FOR A GIFT SINCE MEDITATION AND PRAYER.
5) THE LIST OF BENEFICIAL EFFECTS GOES ON AND ON IN MY BOOK HERE:
Who’da thunk it that bean counting and monetary gifting could be so powerfully beneficial? Only those who dare to analyze conceptually/paradigmatically and then find the best ways to apply that analysis. That is not only a paradigm change its a MEGA-paradigm change.