…is a very important tool and abstraction that the monetary authority can create as much of as is necessary or it wants to…to resolve a monetary problem. The FED proved that in 2008. That means the central bank could fund 50% of government expenses and so cut taxation by 50%. It also means that it could fund 50% of total national retail sales by directly distributing that total back to economic and financial merchants who gave consumers a 50% Discount at that same point in the economic process thus resolving inflation by implementing beneficial price and asset deflation. The effect also doubles both the purchasing power of individuals and the potential demand for every merchant’s goods and services so it is utterly compelling to all economic agents. This is the indisputable “miracle” of the nature of money and of the trinitarian result of double entry bookkeeping’s operation of equal debits and credits that sum to zero.

The 50% Discount/Rebate policy at regular consumer retail sale and the retail point of finance (one’s mortgage, automobile, insurance or other big ticket item’s monthly payment…a new monetary paradigm in a single policy and the best friend forever of everyone and every merchant as well…including the private banks.

Steve Hummel 08/22/2026