One of your best posts Mish. It high lights how important nuance is in everything…because there’s always going to be differences of opinion, but the most important thing is to strive to guarantee the freedom and problem resolving effects…within those opinions/barriers. And authoritarianism ignores that goal and process because it monopolizes power, while democracy although messy insists that you consider/look at/seek to resolve opposites instead of being a mere apparachik.

Monopolies are ALWAYS problematic. I’m assuming you are against monopolies Mish. Monopolies create problems. Breaking up monopolies enables solutions…if you discover the key outness created by that monopoly and then apply its solution. Creating all new money ONLY AS DEBT…IS A MONOPOLY CONCEPT/PARADIGM. And breaking that up with strategically applied Monetary Gifting like with a 50% discout/rebate policy at retail sale etc. enables the things that both political parties want to see like the simultaneous resolution of inflation (both parties and everyone) and benefical deflation (Republicans/libertarians), increased purchasing power (everyone) reduced taxes (everyone especially libertarians and republicans), and last but not least a feeling of relief and gratitude for a gift of price/purchasing power that has no moral hazard and effects everyone because everyone participates in retail sale. So whats not to like about ending the authoritarian monopoly monetary paradigm of Debt Only with Strategic Monetary Gifting?