It not only makes everyone creditable, but also makes them anxious to borrow, which a large percentage of individuals being afflicted by unaffordability cannot justify doing, thus greatly increasing the market for Banking’s product, namely debt.

And by having the central bank simply create and distribute, debt free, 50% of everyone’s mortgage, insurance, automobile and other big ticket item’s monthly payment it makes the central bank the best friend forever of everybody including the banks…not just the bail bondsman for the banks when inflation and the monopoly paradigm for the creation and distribution of all new money known as Debt Only…which the banks wield…serially and historically has destabilized domestic economies.

Thus The Federal Reserve becomes The General Reserve.

Steve Hummel 08/27/2026

At base, humanity’s applied ideas also known as paradigms are what creates and shapes our realities both mentally and temporally. This makes them integrative resolutions of opposites/dualities/problems which is also the very intellectual process and effect of what has always been known as wisdom. Wise because its a program of resolving integration of the opposites of cost/debt/price with strategic monetary and economic grace as in Gifting (opposites) at the various equally strategic temporal points of retail sale throughout the economy utilizing the abstract trinitarian effecting tool of double entry bookkeeping (opposites).

This insight and application is what I refer to as Wisdomics-Gracenomics. It is a new integrative paradigm program of direct and reciprocally Gifted purchasing power/monetary distributism that resolves the present monopoly paradigm for the creation and distribution of all new money also known as Debt Only.

Steve Hummel 08/27/2026

Because its a universally participated in beneficial reciprocality…as in a caring relationship utilizing the reciprocal tool of accounting’s trinitarian formula of equal 1) debits and 2) credits that 3) sum to zero at retail sale which is the very purpose point of economics as in monetary profit from exchange.

Reciprocality/a caring mutually beneficial relationship is a primary aspect of the concept and experience of grace, and that fact is the enlightening and empowering “thing” behind every historical new applied idea/paradigm.

Addendum: Virtually all present discounts are fraudulent in that there is no market for the claimed price before the discount is applied due to the actual austerity of demand. That is why all present discounts must be applied before being eligible for the potent economic and monetary reciprocal nature of the 50% Discount/Rebate at retail sale.

Its applicable to and transforms…everything.

Steve Hummel 08/25/2026

A genuinely gracious and beautiful human being.

I grieve.

Oligarchy and Multi-National Corporations With Global Reach will be broken up and not allowed to re-form. Private production itself will be allowed, but it will not be allowed to bully or bribe politicians and will be regulated and punished to insure that fact and to insure rational economic thinking and acting regarding climate change.

The new job guarantee of MMT will become affliate internet marketing for this de-centralized means of production ushering in a new abundance of entreprenuerism that will supplement the security created by the other policies of Strategic Monetary Gifting.

Steve Hummel 08/23/2026

You’re absolutely right Alan. Douglas was such a clear thinking person. His insights that money was basically accounting far pre-dated Mosler’s MMT and his Universal Dividend justified as a part of our cultural inheritance of technological and productive advance is something advocates of UBI still have not recognized. However, Douglas was born into classical economics and its concept of monetary and economic equillibrium and he also lived before the concept of paradigm/pattern change was elucidated by Kuhn. Hence he never suggested we make the CRP a high percentage that would make the benefits thereof a true dialectical thirdness of a higher monetary and purchasing power disequillibrium. That innovation which is my 50% Discount/Rebate policy at retail sale. I give Douglas full credit as per above, but I like to think that I am Douglas’ Kepler whose discovery of elliptical orbits is what actually made Copernicun helio-centrism more accurate than Ptolemaic geo-centrism.

Steve Hummel 08/22/2026

…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

Debt jubilee is an excellent thing, but its also just a one-off palliative that still allows finance to dominate everyone because it doesn’t change the monopoly monetary and economic paradigm that finance wields, namely the concept of Debt Only as the sole form and vehicle for the creation and distribution of all new money. Integrate the new monetary and economic paradigm of Strategic Monetary Gifting into the Debt Only system with its primary policy of a 50% Discount/Rebate at retail sale. Learn about it and the rest of the new paradigm’s policy program here https://wisdomicsblog.com/ and my book here: https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies-ebook/dp/B0C49B9PX7/ref=monarch_sidesheet_title#