Quite right on all points Ann. Regulating Finance is just one rung of importance below integrating a new monetary paradigm of Strategic Monetary Gifting into the present monopoly paradigm for the creation and distribution of all new money which is Debt Only. There’s a whole policy platform for accomplishing this in my book Wisdomics-Gracenomics, but the overweeningly important single policy would be a 50% Discount (credit)/Rebate (debit) policy at regular consumer retail sale and also at the retail point of Finance which is everyone’s mortgage, insurance, automobile or other big ticket item’s monthly payment. MMTers are so right about money being basically accounting, but they fail to see that if you just did the equal debits and credits that sum to zero accounting operation as per above you instantaneously transform chronic erosive inflation into beneficial and painless price and asset deflation…for everyone and also double everyone’s purchasing power and with the rebate aspect of the policy every merchant would be pleased to participate because they’d get their full price and also a potential doubling of demand for every one of their goods and services. But wait, thats not the best thing about this policy! What is it worth to society to change the stress of continually falling behind monetarily and economically into a permanent deep breath from a 100% increase in their purchasing power? Furthermore, what is the potential value of being able to self actualize grace as in gratitude for a 50% gift of price…simply by going to the store and buying something??? Who’da thunk that integrating philosophy/paradigmology and spirituality into economics could be the biggest step toward a new zeitgiest/ethic of the age?

wisdomicsblog.com

Inflation has always been and will forever be with us until we realize that “free” market theoretics is a misnomer and a fraud no matter whether of the libertarian or neo-liberal variety.

The above fact and the additional fact of the present monopoly paradigm for the creation and distribution of all new money being Debt Only are the core problems…that the new paradigm of Strategic Monetary Gifting resolves to the benefit of every economic agent.

If you want beneficial price and asset deflation without all of the pain libertarians blithely overlook and the liberals mistakenly think higher taxation and non-strategic monetary spending will resolve, then take a look at the 50% Discount/Rebate policy at the points of regular consumer retail sale and the retail point of Finance…until you can no longer deny its incredible temporal universe effects.

And thats why all you’ll ever hear about from other economic authorities is palliatives and the problems of the current paradigm, while with me you’ll get permanent solutions to the deepest and stickiest problems.

Steve Hummel 06/16/2026

Thank you for listening

What if I could show you how with a single policy we could double everyone’s purchasing power, simultaneously thereby double the potential demand for every merchant’s goods and services, turn chronic erosive inflation into beneficial price and asset deflation, make going to the store and buying something the greatest opportunity to self actualize gratitude since meditation and prayer and discover that the beneficial effects behind every historical paradigm change has always been an aspect or aspects of the natural philosophical concept of grace and so, make paradigm change a simple “plug and play” intellectual process of finding the relevant aspect of grace and then how best to apply it to any system, body of knowledge or area of human endeavor? In other words effectively integrate spirituality into virtually every area of life and living.

Would you be interested in helping me get these ideas and their policy applications communicated?

Everything you say is iffy and possibly entirely correct. Why? Because the entire theoretical framework of supposed “free” markets isn’t free at all, but rather just a delusional chaotic mess that if one continues to believe in it simply inhibits looking at the real problem in economics which is that private Finance wields a monopoly paradigm for the creation and distribution of all new money AKA Debt Only. Strategically integrate Monetary Gifting into the Debt Only system with a policy of a 50% Discount/Rebate at retail sale and every commercial and individual agent wildly benefits (The consumer gets $100 worth of groceries or other products or services…for only $50 and yet the merchant gets their full price of $100. And if you buy a$500k house its reduced to $250k at the homebuilder and then when you finance the remaining $250k the central bank pays for 50% of your monthly payment so you get that $500k house for an equivalent payment of a $125k loan. All merchants get their full price so no moral hazard there. All it takes is the willingness to look at these mathematical and double entry bookkeeping facts.

The new “third rail” of politics. Social Security has been around for almst 100 years and is recognized as “the third rail” of politics. IOW you touch it to change it or eliminate it and you die politically. Even the stupiest consumer is not going to vote against cutting their grocery bill and the price of everything else they buy at regular retail sale…by 50%. And, for anything they decide to borrow to buy, cutting the price they’ll pay by 75%. For instance this latter case one decides to buy a $500k house and the homebuilder gives them a 50% Discount (all of which discount they get back from the central bank with the rebate aspect of the policy so they actually get their full price). Then they go to Finance and borrow $250k and then the central bank pays 50% of their monthly mortgage payment so the consumer gets a $500k house for the equivalent payment of a loan for $125k.

Voila! Affordability becomes reality…permanently! And the first political party to recognize this becomes the greatest majority coalition since The New Deal. And its all simple freshman algebra and double-entry bookkeping.

Steve Hummel 06/15/2026

…but not a single one of them discovered the most beneficial and problem solving point in the entire economic process to utilize the accounting process…like I did. A perfect example of the student surpassing the teachers.

Steve Hummel 06/15/2026

…breaking up the monopoly paradigm for the creation and distribution of all new money which is Debt Only with Strategic Monetary Gifting particuarly at both regular consumer and also Financial retail sale with a 50% Discount/Rebate policy at those points would 1) wildly benefit every economic agent commercial and individual by mathematically doubling everyone’s purchasing power 2) ipso facto double the potential demand for every enterprise’s goods and services, 3) strengthen the currency of nation who did so and so 4) avoid the unnecessary and potentially hazardous competition to become the new reserve currency meaning you’ve not solved the problem at all.

Steve Hummel 06/14/2026

Thats right, its everything, everywhere, at all times and last but not least its “plug and play”

Paradigm Change/Permanent Progress-Progression Itself/New Zietgiest/History

Duality-Problems/Integration of Opposites-Wisdom/Trinity-Tirdness Greater Oneness-Solutions

Exchange/Interchange/Economics/Money

Consciousness/Personal Reality/Spirituality

Flow/Freeflowingness/Time Itself

Energy/Temporal Universe Power/Personal Bodily-Mitochondria

Source/Discovery-Cognition/Expression

Life/Living/Death/Change-Transformation

Reach/Withdraw/Reach Again/Action of Consciousness/Purpose/Intention

We need to ask ourselves what it was that enabled, secured and even guaranteed past historical paradigm changes. For instance the change from nomadic, tribal hunting and gathering to homesteading, urbanization and agriculture was gained by realizing that such change increased and secured abundance and thus personal survivability. If my contention that the beneficial aspects of every historical paradigm change has always been an aspect or aspects of the natural philosophical concept of grace, and even a cursory analysis I think confirms this, for instance the Copernican Cosmological paradigm change inverted ego-centric cosmic thinking into cosmic graciousness, i.e. a humility which fruit is actually a greater centeredness…especially if one follows it on personally and/or makes daily life enable or elicit it.

This is why I see changing the present monetary paradigm for the creation and distribution of virtually all new money from Debt Only to Direct, Reciprocal and Strategic Monetary Grace As In Gifting within an entire policy program especially with the primary policy being a 50% Discount/Rebate at regular consumer retail sale and also at the retail point of Finance which is one’s mortgage, insurance, automobile or other big ticket item’s monthly payment.

This single policy would mathematically double everyone’s purchasing power, transform chronic erosive inflation into beneficial price and asset deflation and simultaneously potentially double the demand for every merchant’s goods and/or services. Its even a win for the banks who presently wield the Debt Only monopoly paradigm of Debt Only. Why? Because the 50% Discount/Rebate and other aligned policies of the new paradigm…make virtually everyone creditable and so vastly expands the banks’ market and makes repayment of debt much more secure…not to mention their ethics get put in by the new paradigm which breaks up their present dominating monopoly.

So secured and increased abundance (an aspect of grace) helps all agents and every individual quell the ontological effects of the cosmic changes we’re rapidly approaching.

Addendum: I also suggest in my book Wisdomics-Gracenomics a policy of a sliding scale percentage of utilized purchasing power be required to be “taxed” into Eco-Energy R & D Treasury bonds at an attractive rate of 5-6% (IOW a Gift of a guaranteed investment). This would mitigate over consumption and rationalize action toward finding solutions to our ecological and energy crises.