Quite right on all points Ann. Regulating Finance is just one rung of importance below integrating a new monetary paradigm of Strategic Monetary Gifting into the present monopoly paradigm for the creation and distribution of all new money which is Debt Only. There’s a whole policy platform for accomplishing this in my book Wisdomics-Gracenomics, but the overweeningly important single policy would be a 50% Discount (credit)/Rebate (debit) policy at regular consumer retail sale and also at the retail point of Finance which is everyone’s mortgage, insurance, automobile or other big ticket item’s monthly payment. MMTers are so right about money being basically accounting, but they fail to see that if you just did the equal debits and credits that sum to zero accounting operation as per above you instantaneously transform chronic erosive inflation into beneficial and painless price and asset deflation…for everyone and also double everyone’s purchasing power and with the rebate aspect of the policy every merchant would be pleased to participate because they’d get their full price and also a potential doubling of demand for every one of their goods and services. But wait, thats not the best thing about this policy! What is it worth to society to change the stress of continually falling behind monetarily and economically into a permanent deep breath from a 100% increase in their purchasing power? Furthermore, what is the potential value of being able to self actualize grace as in gratitude for a 50% gift of price…simply by going to the store and buying something??? Who’da thunk that integrating philosophy/paradigmology and spirituality into economics could be the biggest step toward a new zeitgiest/ethic of the age?

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