Me: We need to understand that the bankers and their enablers are few and we the benefactors of the new paradigm are many. Economists need to make up for their ignorance/intellectual complicity in letting the paradigm of Debt Only continue to reign. They could best do this by recognizing that endlessly theorizing, preaching only to ego involved academics and “authorities” in the faint hope that they will change their minds and making everyone’s eyes glaze over with calculus….are fruitless political endeavors.

They must instead get behind a mass movement that communicates the simple but elegant and powerful essence of the benefits of the new paradigm and its policies for both the individual and commercial enterprise.

KZ:  Craig, bankers are not only few but in current American society mostly invulnerable to attack or prosecution. Not one banker was prosecuted regarding the 2007-2008 financial crisis. And, of course none went to prison. I simply find it difficult to believe that the movement you suggest could take on bankers successfully. Particularly, when US Presidents, US Congress members, religious leaders, and entrepreneurs have failed to control banks. Right now banks are in charge. Before any such movement as you suggest even has a chance of success, banks must be taken down, hard. That needs something more like an MMA match.

Me:  Do not underestimate the power of desire for change and self interest combined. Trump allegedly won the presidency by demagoging the former alone. Showing the extremely large constituencies of the 99% and the small to medium sized business community who dwarf the employment and personnel numbers of the major corporations how they can IMMEDIATELY almost triple their incomes and potential business revenues with simple, easily understood and observable policies like the discount/rebate policy and a universal dividend….is an extremely powerful message. Put that together with an honest and urgent modicum of indignation about how the financial and corporate elite have dominated the general populace and…..

Regurgitating the correct and erudite critiques of neo-liberal DSGE for ANOTHER decade has no such chance of succeeding.

The sooner well intentioned economists swallow their intellectual vanities and realize that the point of retail sale is the simple but elegant and effective fulcrum point in the entire economic process where a single monetary policy can invert stubborn longstanding realities into the very goals they already say they want to see occur….the better.

If you want peace, work for justice,

If you want the Good, ponder ethics,

If you want happiness, find purpose, and

If you want freedom, contemplate and apply grace.

Steve Hummel  12/02/2018

….that the point of retail sale is a pivotal monetary and economic fulcrum point from which systemic realities can be not only moved, but transformed. It’s a paradigm changing insight.

It’s all old paradigm thinking and tweaking. A new paradigm is a radical, powerful, elegant and yet simple change. The paradigm of Debt Only has ruled for over 5000 years. The world changes. Forget the tweaking….solve the problem…so that everyone benefits and finance is possible for the innovative and sane ecological changes we need.

If you don’t have to worry about inflation because you’ve taken rational control of the terminal expression point for all forms of inflation with a high percentage discount/rebate monetary policy at the point of retail sale that beneficially and “miraculously” integrates price deflation into profit making systems, then you can pour as much money into the economy as is needed for everyone to have an upper middle class income and to finance whatever projects are needed for a better, more productive and ecologically sane world.

The paradigm of Debt Only has been in effect for virtually everyone and at every moment for such a long time that it has held the cultural and psychological evolution of mankind back almost from the beginning of civilization. Once this great and vast neurosis is removed and we intelligently and graciously acculturate ourselves to the freedom the new paradigm will effect, mankind will have the opportunity to fulfill its actual species designation of homo sapiens, wise and discerning man.

The $1000/mo. Dividend and 50% Discount/Rebate policies for consumer goods and services will remain in force for 10 years. People will be encouraged to work at least part time for this entire period. After the ten year period the Dividend will probably be increased and the Retail Discount/Rebate policy for everyday consumer goods may be reduced by at least half to 25%.

The 50% Discount/Rebate for notes for homes and for other “big ticket items” like autos, especially for electrical ones, will continue to be the new end of the productive process and will not be reduced in percentage

Discouraging taxation and regulations will remain in force for non-legitimate price increases (those made without actual overall cost increases), and tax and regulatory incentives will also remain for competitiveness and innovation.

A Green agenda will continue to be encouraged in every way especially for research into being able to do/produce more with less resources and energy usage. Green infrastructure will be a top part of the agenda and intelligently financed.

The National Banking System with 0% interest loans will remain in perpetuity.

The Dividend and Discount/Rebate policies will become amendments to the Constitution.

DSGE Macro-economics has not only become an obscuration of the monetary nature of the economy, it has also become a justification of private finance, its money creating powers and the paradigm of Debt Only.

Until macro-economics’ realizes that it was born into the over 5000 year old domination of economics by the paradigm of Debt Only as the sole means and vehicle for the creation and distribution of credit/money it will either miss the entire point (Neo-liberal DSGE) or splash around on the surface of this paradigmatic insight with the palliative reforms of extremely erudite people like Steve Keen, Michael Hudson and the various advocates of MMT.

Only the realization of the new paradigm of Direct and Reciprocal Monetary Gifting, its primacy over Debt Only, the significance of the triple power point of retail sale and monetary policies implemented at that point will actually resolve the problem and complete the theories and insights of the above individuals. The answer to the coalescence of the financialization of the economy is the re-retailization of it.

Reverse and solve the problem of the over financialization of the economy with its

re-retailization.

“give a basic income to every living soul”

Or give everyone 18 and older a $1000/mo dividend for their entire adult life and take rational economic and monetary paradigm changing control of the point of retail sale with a 50% discount/rebate policy. Besides the paradigm change all this would do is:

Immediately end poverty

painlessly and beneficially integrate price deflation into profit making systems because retail sale is the terminal end of every consumer products economic process and also the terminal expression point for all forms of inflation as well

enable the elimination of transfer taxes for welfare, unemployment insurance and social security thus simultaneously cutting costs for business and increasing take home pay for individuals

enable large income tax reductions….as MMT has shown us that except for a relatively small percentage to establish the government’s sovereignty in such matters

Better cite me for having said these things for the last 5-6 years….when some economist or pol picks them up.

Love is the supreme experience in the cosmos and graciousness is the way to make it most real to yourself.