Me: You’ve recognize the second and third biggest problems of economics:
- Financial “innovation” and
- Financial speculation
Number 1 is the virtual monopoly monetary paradigm for the creation and distribution of all new money which private finance has wielded for the entire course of human civilization. Integrate the new paradigm of Strategic Monetary Gifting into the Debt Only system with a high percentage discount/rebate policy at the various points of retail sale throughout the economy and you’ll create a robust economics that will out economic democracy the socialists and out profitability the capitalists.
My Response To BE on the same podcast: The most universal and efficacious way to accomplish what you just posited would be implementing a 50% Discount/Rebate policy at retail sale because the discount doubles everyone’s purchasing power WITH PRICE AND ASSET DEFLATION and the rebate back to the merchant makes them whole on their entire price while doubling the potential demand for every one of their goods and services. Imagine that. Much more money yet not only no inflation, but beneficial and non-onnerous deflation. Milton Friedman turns over in his grave.
