Me: All of what you say are problems, but the biggest and deepest problem remains the monopolistic paradigm concept for the creation and distribution of all new money which is Debt ONLY. The word ONLY designates it as a monopoly paradigm. Now there isn’t anything wrong with the concept of debt itself only its paradigmatic onlyness. Integrating the new monetary paradigm of Gifting into the economy at strategic points like retail sale with equal debits and credits with a 50% Discount/Rebate policy at that point breaks up that monopoly paradigm, ends inflation by implementing beneficial price and asset deflation, invalidates The Quantity Theory of Money and doubles everyone’s purchasing power. The heads of the orthodox explode.

GOTHS: I’m not certain how gifting does anything, because from the concept I drawn from anthropology is that gifting itself is there a particular way communities with close ties exchange items to reinforce social bonds, as well as distribute all the products that they create.

There are lots of examples of non-monetary communities, explicitly traditional, or the intentional communities that many people have created. In these communities, you see people who have common goods whether it’s food or a tool library or traditional societies where they use a system of corveé with a social contract that you know that contributing to the communities labor needs endows the individual with a claim on goods like clothing and food and housing and what not. This is managed by the community and by leadership that is respected based on you know any number of criteria, but generally not authoritarian.

Me: Well thats the rare and tiny systems of barter which does not describe actual large monetary/fiat monetary systems which are dominated by the monopoly concept of Debt Only. That plus barter isn’t gifting…its simply exchange of commodity/item for commodity/item which is economics minus money. Money is a wondeful tool, it just gets screwed up when that tool becomes a monopoly paradigm that the powerful use to dominate almost everybody.