Money itself is at best a teriary cause of “monetary inflation”. What does money have a mind that orders us to raise prices? Don’t be stupid. The real causes are enforced individual monetary scarcity and systemic monetary austerity which tempts commercial decision makers to raise their prices when they perceive more money coming into the system in order to hopefully garner additional business revenue.

So the real cause is monetary scarcity itself coupled with no policy infrastructure to eliminate the temptation to inflate by commercial agents. And the solution is policies intelligently providing monetary abundance while guaranteeing price and asset deflation with a Discount/Rebate monetary policy at the point of retail sale.

It’s about the monetary and financial paradigm, stupid!

And by the way hyperinflations are largely manufactured phenomena. They never happen until after disastrous wars and/or other disruptions to their productive capabilities and where the vanquished nation has onerous war reparations imposed on them; whereupon their pols and central banking authorities leverage up speculators to short their own currency making two trillion reich’s marks able to purchase a one way ride on the subway and then the vanquished nation says to the victorious nations: “Here are your two trillion run amoks, we’re even. 🙂

KZ:  Add this to your thinking, Robert, on the American side of the Atlantic. “Yet the dramatic contrast between the CEO as superhero and the CEO as antihero has obscured the underlying links between these two types, which have appeared on the scene only in the last twenty-five years or so. Moreover, not even the profusion of corporate scandals since the beginning of the current decade has prompted the question why it is that managers run corporations.” (Khurana, Rakesh. From Higher Aims to Hired Hands) And, often run them badly, illegally, or both.

Me:  @Ken,

“Moreover, not even the profusion of corporate scandals since the beginning of the current decade has prompted the question why it is that managers run corporations. …”And, often run them badly, illegally, or both.”

Correct. And the answer to that question is, that despite the genuine and very helpful insights regarding management,….it still misses the mark because it does not identify the real problem, namely the necessity of a new monetary and financial paradigm. Hence it is only reform. Hence it leaves the most underlying problem unresolved. Hence the over 5000 year old monetary and financial paradigm continues to wreak havoc upon economic systems and human civilizations…as we see looming up before us NOW.

If this forum REALLY wanted to live up to its moniker of “New World” it would be focusing ONLY on deciphering a new monetary, financial and hence also economic paradigm.

“It’s the monetary and financial paradigm, stupid.”

Monetary Gifting ends the enslaving “too expensive and inflationary” current paradigm chant into the cost cutting, freeing and beneficial price and asset deflationary new paradigm.

CW:  Greta likely has a critique of finance capitalism that her narrative, at this time, only alludes to. How can one young person carry so much weight on her shoulders?

Me:  She takes the clear vision of the child uncluttered by orthodoxies, narrow self interest and habitual abstraction, and so is able to focus on the wise and correct actions.

“The wolf also shall dwell with the lamb, and the leopard shall lie down with the kid; and the calf and the young lion and the fatling together; and a little child shall lead them.” Isaiah 11: 6

In other words philosophically and metaphorically the opposing dualistic perspectives (wolf and lamb etc.) will be integrated and become a thirdness greater oneness enabled by recognizing that the supreme integrative concept of grace whose aspects integrate only the truths, greatest workabilities, most relevant applicabilities, highest ethical considerations in opposing perspectives are what is necessary. That plus the “fierce urgency of now.”

Because it doubles earned income the same as it doubles the universal dividend.

Increasing fiscal spending is a palliative that does nothing to curb inflation. Public state banks are a palliative that does not deal with the inherent scarcity of demand in high tech capital economies. We must increase demand without increasing indebtedness by integrating monetary gifting intelligently into the economy by implementing the following two policies strategically at the point of retail sale:

A $1000/mo. universal dividend beginning at age 18 for life.

A 50% discount to consumers at retail sale and which is entirely rebated back to the enterprise granting it to the individual.

The dividend above is doubled (as is all earned income) to $2000/mo by the 50% discount/rebate policy.

As retail sale is the terminal end of the economic process where production becomes consumption it is also the terminal expression point for any and all forms of inflation. The history of yearly inflation rates has always been that it is a low single digit percentage except during and shortly after wars, and hyperinflations never occur unless several disastrous circumstances have occurred and the central bank is compliant in leveraging up speculators who short the currency and that is when higher than normal inflation becomes hyper. Hence the 50% discount so far as orthodox monetary theory is concerned, eliminates any possibility of price and asset inflation and “miraculously” integrates beneficial price deflation into profit making economic systems.

The above is not a palliative reform it is the permanently progressive phenomenon known as a paradigm change.

Any ecologically aligned product and product innovation will get a second 50% discount.

Any human or ecological vice (petroleum, internal combustion autos, planned obsolescence, obviously prurient forms of pornography) will be taxed.

Grace is not prudish and judgemental morality, but it is the cultivation of virtue, the proper discouragement of systemic vices and the encouragement of the overcoming of personal vices. Grace is mature and rational ethics, not a mistaken libertinism.

Grace can include profit, competition and abundant wealth, but economically none of these approach the integrative wisdom of grace as an economic ethic and eventually as a zeitgeist. What is best is best, and that is what grace is….the best concept, the pinnacle concept of wisdom.

Get real. Survival trumps every other factor and ideology.

It’s the monetary and financial paradigm, stupid.

Sit down, shut up, open your mind and act with the wisdom of grace.

I have no problem with economic research, but to go on and on trying to figure out what the economic problem is without considering the current monetary and financial paradigm as absolutely the key factor of that problem, is to engage in a form of intellectual masturbation.

“It’s the monetary and financial paradigm, stupid.”