Posted To Steve Keen’s Podcast 08/16/2025

Again, you’re making my point. Now please recognize the concept and its point of implementation that can address and resolve this problem as well as numerous others that afflict modern economic systems.

The present monetary paradigm is the MONOPOLISTIC concept of Debt ONLY as the sole form and vehicle for the creation of all new money. All new paradigms have historically been in complete conceptual opposition to the present one. Examples: geo-centrism vs helio-centrism and tribal nomadic hunting and gathering to homesteading, agriculture, urbanization and nationalism. So what does that make the oppositional concept to Debt ONLY? Strategic Monetary Gifting, especially at the single universally participated in/macro-economic point in the entire economic process…retail sale. Do this by utilizing the same method that the banks and government use to create money presently: equal debits and credits that sum to zero with a 50% Discount/Rebate policy at that point. That breaks up the monopoly paradigm, resolves inflation by turning its terminal expression point into beneficial price and asset deflation, and doubles the purchasing power of everyone (however, to deal with the Cantillon effect the wealthy only get a 5-10% discount so the poor things only save $1-2 million on their next $20 million dollar yacht instead of $10 million).

Economists also need to get past the fraudulent misnomer of “free” market theoretics and see it as it actually is: not freedom but an underlying and enabling framework of dominating unstable monetary and financial chaos via the wielding of the monopoly paradigm of Debt ONLY.

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