Like every current economic problem a 50% Discount/Rebate policy at the retail/exchnge point of the problem…is the solution. So just have the central bank pay 50% of everyone’s monthly social security payment and the trust fund is secured until basically forever. If the FED can inject hundreds of billions of free debtless dollars into a handful of too big to fail banks in a matter of days as I posted here they did a few days ago…then they could do the same for the human civilization-long neglected individual economic agent at the various retail/exchange points throughout the economy…and resolve inflation, potentially double the demand for every enterprise’s goods and services and prevent the Debt Only paradigm wielded by the banking/money system from serially de-stabilizing the economy since forever. You want beneficial deflation like every libertarian says they do? Then implement a 50% Discount/Rebate at retail sale and get $100 of groceries for $50, a $60k EV for $30k and a $500k house for $250k…and avoid all of the pain of allowing the current way deflation occurs and that libertarians tend to overlook. You want tax cuts? Then have the FED fund a reasonable universal dividend of say $1000/mo. to everyone 18 years of age and older…not with treasuries/debt instruments but as electronic cash. Then who needs the payroll taxes for welfare and unemployment insurance? Make the 50% retail Discount include sales taxes and you’ve increased the funding to non-sovereign governments decentralizing and increasing their ability to provide infrastructure etc.
So many solutions…if one only opens their mind and looks at the effects of the new monetary and economic paradigm instead of only computing on orthodoxies that paradigm invalidates.
JD: What you are proposing would result in roughly 20% yoy inflation for several years, a net loss to “beneficiaries”.
Me: Being able to purchase $100 worth of groceries for $50 is a funny kind of inflation. And of course you expose yourself as a liberatarian moral and ethical moron by not recognizing (or not carring) that individual commercial agent inflation is actually an anti-social act. It also exposes the fact that “free” market theoretics isn’t free at all but rather the chaotic delusion of COMPLETE FREEDOM…including the freedom to commit unethical behavior. The minds of terminally orthodox libertarians live on a different planet than other humans do where ethics are real and necessary. And your problem is solved by allowing commercial agents to increase their prices 2-3% per annum and any revenue they may garner from higher inflation is taxed at a rate of at least 100%. There is only freedom amongst know and enforceable barriers