These policies insure the universal price deflationary benefits of the 50% Discount/Rebate policy at Retail sale, benefit every enterprise prior to retail sale with a reciprocal policy that shields them from any inflationary mischief by the business model prior to them and also rebates any arbitrary price increases importers may attempt to foist on domestic enterprise. It utilizes accounting functions to end inflation forever throughout the entire course of the economic process.

Me: Could not agree more about banning short selling altogether and making banking a public utility.

Steve Keen has recognized that the problem with neo-classical macro-economics is it ignores “money, debt and banks”. The money system under the present paradigm of Debt Only as the sole/monopolistic concept for the creation and distribution of new money is increasingly and inevitably unstable. Direct and Reciprocal Monetary Gifting, strategically integrated into the Debt Only system in a way that benefits every individual agent and that macro-economically slays inflation by implementing beneficial price and asset deflation is the way forward toward ending the insanity of naked shorting and the taming of Finance.

The single policy of a 50% Discount at retail sale, all of which discount is rebated back to the merchant granting it to the consumer by the central bank or other monetary authority mandated to do so, implements the new paradigm concept and its primary benefits into the temporal universe, namely immediately doubling everyone’s purchasing power, thereby greatly increasing the demand for every commercial agent’s goods and services and yet, paradoxically, macro-economically ending inflation forever. Yes, in a not altogether sane or ethical world you’d need to regulate the economy so as to align it with the new paradigm, but what else is new and when all is said and done “Systems were made for man, not Man for systems” …and banning short selling and making banks a public utility would do a lot to stabilize the new paradigm.

EB: I’m all for money printing for infrastructure and development. We should do that! Lincoln had it right. I’ve written a lot on that. But money printing to buy US dollars to buy US assets seems a bit shifty.

Me: Correct. It’s just another way that finance is used to dominate and manipulate. The US does it, and so do the Chinese. The corrupting power to create money is irresistible…unless its creation is guided by a superlative ethic…like grace as in graciousness and grace as in GIFTING. A 50% direct and reciprocal GIFT of price at retail sale graciously implements such ethic.

The applied ideas/concepts behind our systems are most important to understand them…and to guide and ethically enforce them.

The Chinese will eat the West’s lunch until we have the new monetary paradigm, and if the West implements the new paradigm first it will rejuvenate our economy and enable us to re-industrialize in the most efficient and ecologically sane way possible…which will do what? That’s right, greatly reduce the Chinese’ export platform powers and, if they’re smart, which the Chinese are, follow suit and implement the new paradigm into their own domestic economy.

DK: Central banks are a criminal entity, who in the end, like their criminal overseers, the US treasury & US govt will be the last ones standing {by design of course} to provide the rails for the CBDC. A digital gulag based on the Chinese social credit score. It’s coming. It’s inevitable. The fiat ponzi scheme, and its subsidiarys the banks and the current financial sytem is doomed. They know it.

Me: I have no conflict with you regarding the cruel/criminal effects of the current financial institutions. Yet I implore you to consider that austerity is not the answer either. What is required is an integrative thirdness greater onenessof the dueling orthodoxies in the left and right perspective.

Also, a CBDC could be a domineering threat…unless you implement a policy that mathematically eliminates the possibility of it becoming a way to implement social inequality. How is that accomplished? By implementing a policy that, because of its implementation point (retail sale) is universally participated in and so its beneficial monetary and economic effects are experienced by everyone. That policy is a 50% Discount/Rebate at retail sale. That way EVERYONE’S purchasing power is doubled. So it has no negative social/class effects.

It is ironic (if not secretively an unconscious means of slurring) that the Chinese system of social credit happen to be the same words used to describe a world wide movement called Social Credit started by a man named C. H. Douglas between the two world wars. Douglas was ahead of his times because he understood that money is most basically accounting that is equal debits and credits summing to zero. My 50% Discount/Rebate policy is actually an innovation of a policy championed by Douglas’. Douglas was a contemporary of Keynes and Keynesianism actually became the fall back position of private finance after the Great Depression and WW II to Social Credit which again was a burgeoning world wide movement and whose policies utilized monetary gifting.

TV: The USA is a pendejo. Only 10% of Chinese trade is with the USA.

Me: 16.2% to be exact and we are their biggest trade “partner”. Thats economically very significant. And when you throw in all of the domestic benefits of the new paradigm policy program its a complete no brainer…for both individual and commercial agents. What? You don’t like being able to buy a $60k Tesla for $15k (with the two 50% discount/rebate policies at retail sale and at point of loan signing) and a $400k home for $100k??? How about never having to feel pissed off at inflation ever again???

Me: Yes, casino capitalism, its wild financialization and the entire “regulatory” apparatus that actually supports it must go. But reforms will never accomplish this. Paradigms are SINGLE OPERANT APPLIED CONCEPTS that enforce/change the nature and all of the complexities OF ENTIRE PATTERNS. That is historically verifiable. Discovering new paradigms is the actual analytical starting point for REAL PERMANENT change. You want real change…examine the operant idea that enforces the realities of the present anomalous paradigm and invert it (one of the cardinal signatures of all historical paradigm changes)

APPLIED PHILOSOPHY FIRST needs to be our motto.

Think about it. Does an animal that stumbles upon a food source that will sustain it and even ensure its survival stop and think, “Do I need to pay some entity something for this? No, it simply partakes because its natural and there is no NECESSARY AND ARBITRARY abstract factor IMPOSED on them to do so. With the current monopolistic monetary paradigm of Debt Only you are abstracted out from this very natural right by a powerful idea and the elites who wield it.

This does not exclude creation and payment of debt, it simply enables and includes Gifting…where it is most universally and economically beneficial. It is a new and desparately needed applied idea. Thats what a new paradigm is and does.

Monopoly paradigm concepts are much more powerful than mere systemic or business model and individual market monopolies. Break up the civilization long monopoly paradigm of Debt Only and we’ll have the greatest progressive and beneficial change since we made the change from hunters and gatherers to utilizing agriculture.

Avner’s insight is a good one because it helps break up the delusionary belief that government creation of money is always wasteful etc. Its time and cost insights also are valid.

What if we analyzed those relevant factors of time and cost from the opposite perspective of immediacy and cost reduction with a 50% Discount/Rebate policy at retail sale? Everyone participates in retail sale thus such a policy mathematically and aggregatively/macro-economically benefits everyone by cutting the cost to the consumer by half while still enabling the commercial agent to get their full price?

I’m considering a class action suit (the class of all human beings and all economic agents) against Finance’s monopoly paradigm of Debt Only for the creation and distribution of new money. Monopolies are problematic because they are anti-competitive market situations. Private Finance dominates virtually every market in the economy thus dominating the entire pattern/body of knowledge of economics with that monopoly paradigm. The last monopoly paradigm broken up was the Roman Catholic Church’s monopoly paradigm for salvation (Catholic Sacraments Only) by The Reformation. Are we ready for/smart enough to start a monetary/economic Reformation?

Everything conservative and libertarian pundits want to occur is accomplished by a chnge in the monetary paradigm. A 50% Discount/Rebate policy at retail sale doubles every individual agent’s purchasing power while simultaneously mathematically implementing BENEFICIAL price and asset deflation and potentially doubling the demand for every enterprise’s goods and services. Implement the rest of the policy program of the new paradigm and taxes of all kinds can be drastically reduced or even eliminated. And all you have to do is open your mind enough to see the temporal universe realities the new paradigm will create.

China despite its current economic slowdown will continue to thrive, and if they recognize the new paradigm and imlement it…you better start learning Mandarin.

What we need is what I would call philosophical economics. Why? Because new paradigms are always single concepts that strategically and efficaciously applied change entire patterns. Progressive economists have identified the core of the problem with economics as “money, debt and banks” now they just have to focus a little more and come up with the specific new paradigm concept and align policy with it. Ideas, applied ideas, are what has always changed the world. Thus, philosophical/conceptual economics is the starting point for changing economics into an ecologically sane body of knowledge.

Present analysts have all of the problems of the economy accurately and scientifically identified. However, what they need to do is “up their game” from scientific to paradigmatic analysis. Doing this is counter intuitive because scientific/reductionist analysis has become an anomalous paradigm for intellectual inquiry while paradigmatic analysis is integrative and wholistic. Hence the key to paradigmatic analysis is simplicity, not complexity which makes it difficult for most analysts to see and understand.

Paradigms are SINGLE core and operant concepts that applied change ENTIRE patterns/systems/bodies of knowledge and areas of human endeavor…and mega-paradigm changes like the new monetary paradigm will enable benefits in many other areas than the specific one under analysis, that is the economy. This is due to the fact that the present monetary paradigm has become so well integrated into the minds and institutions of humanity for so long (the entire course of human civilization) that its anomalies have so many negative effects on nearly every aspect of our lives.

The key to understanding all of this is to discover the fact that historically every new paradigm’s effects has always been an aspect or aspects of the natural philosophical concept of grace. Grace as in love in action is the pinnacle concept of human Wisdom which is also the superlative mental discipline because science is a wholly included set of Wisdom. This is why I titled my book Wisdomics-Gracenomics, and it (the natural philosophical concept of grace) is also the emergent new zeitgeist.

If exporters raise their prices an equivalent tarrif is leveled on that rate of inflation and redistributed to the importing business…if the importer does not raise their prices.

Re-industrialization is enabled by the reduced costs (50% of price, greatly reduced individual and commercial income and payroll taxes.

SOS: I’m part of an informal study group in Indianapolis, comprised of retired lawyers, doctors, economists, civil servants etc. We’re raising money on GoFundMe to send a copy of The Deficit Myth to every member of the U.S. House and Senate. This will cost about $11,000. Here’s a link to the GoFundMe page: https://www.gofundme.com/manage/2b8g4-send-the-deficit-myth-to-congress. Any contribution to this effort would be greatly appreciated! Please help us spread the word! Thank you!

Me: Good luck with that. However, I would put to you that the bottom line with virtually all politicians is: What is going to get me re-elected. And reading a book that even though it is true, is abstract, not easily understood and doesn’t directly, immediately and obviously impact their personal self interest…is not going to move them.

Conversely, a 50% gifted discount to the price of virtully everything a person buys which means that it doubles their purchasing power, transforms erosive inflation into beneficial price and asset deflation and if you’re a business person potentially doubles the demand for all of your goods and services…is a total winner for almost everyone…which makes it an election winning issue THAT BOTH SIDES OF THE AISLE WILL NOT BE ABLE TO RESIST. IN OTHER WORDS ITS POLITICALLY INTEGRATIVE.

JP: Yeah & while *Biden’s policies may have been good for the ‘economy’ – share prices, Wall Street et al – it certainly hasn’t been felt in the ‘real economy’ of everyday americans’ day-to-day lives. That’s why there’s a glaring disconnect between what those “analysts” on CNN/MSNBC are saying : “Why aren’t people happy? The economy is growing. Americans just love to complain” and the struggle to survive people are actually experiencing in the real world.

*i don’t think anyone really believes Biden is capable of running a bath let alone the economy. Calling it “Bidenomics” is so disingenuous it’s perverse.

Me: I really do understand your cynicism and disgust at half assed “changes”. All the more to ACT/ADVOCATE for REAL change as in the policies and regulations of the new monetary paradigm of Gifting strategically applied throughout the entire economic process.

JP: Yes i agree, but the Oligarchal Corporatocracy Duopoly parties are unable & unwilling to reform or change anything within a system designed by them, for them and to which they are the gatekeepers. Before any substantive, meaningful reform can even be attempted the entire ‘2 Party’ electoral system must first be reformed. Again though, the Duopoly will be wholly resistant to anything which puts their hegemony at risk. These changes cannot happen via electoralism. The demand must come from the bottom up, a mass movement demanding change. Power concedes nothing without demands and it will never come from the top down. Every single piece of advancement and progress for the working class has been forced upon the ruling elites from below, with mass movements like the Civil Rghts in the 50s & 60s, the Unions in the ‘30s, Women’s liberation in the 70’s, the list goes on.

Me: The 2 party system lays down difficult barriers to third parties, but they are overcomable. The problem is that virtually all third party candidates…are simply tweaks of the present two parties. The key is having a policy program that is truly a thirdness greater oneness that conceptually expresses and implements the new paradigm…and that is exactly what my 50% Discount/Rebate policy (and the rest of its program) is. It is a deeper, more direct, more universally experienced and immediate change than Social Security was and has become and hence is a “third rail” once its implemented. So lets have the 50% Discount/Rebate At Retail Sale Party right along with the New Monetary, Financial and Economic Paradigm Mass Social Movement as well.

I’d be happy as hell to have an exegesis of the new paradigm’s entire policy program with Stephanie, Steve Keen, Michael Hudson, but I can’t get them to respond to me on their various sites. Ann Pettifor at least responds positively to me on her Substack. All I want is synthesis/thirdness/real change.

It’s intellectual model/mindset of reductionism has become a monopoly paradigm and thus neglects/refuses to utilize the superlative integrative intellectual discipline AKA Wisdom.

I see this all the time in posting Wisdom/solutions to problems on various sites. The responses I get are either rejection of integration or simply to bring up another problem without even considering looking at trying to integrate the truths in opposites in order to find a thirdness greater oneness of truths, workabi;ities, applicabilities and highest ethical considerations…which is the result of utilizing Wisdom.

Reject Science Only in favor of Wisdom. It is the true route to scientific breakthrough and progress.