The time of money as Debt ONLY has been over for more than a hundred years, it’s just that finance hasn’t gotten that message yet because they’re the ones creating, profiting from and ripping off everyone with their monopoly paradigm above. It’s time for everyone and every other enterprise than the bankers and financiers to awaken to the new paradigm of Direct and Reciprocal Monetary Gifting and form a peaceful and moral mass movement to implement it.

We appear to be agreeing and yet talking past each other. I’m interested in being as scientific as possible about economics, but I’m even more interested in economics as moral philosophy/wisdom because science like food is wonderful, delightful, necessary and resides entirely within the digestive tract of wisdom.

Now having said that, if an insight into the cosmos and economics like:

1) everything in the temporal universe follows the process of starting, changing and stopping and

2) retail sale is the terminal stopping-ending point of the economic process,

3) the summing point for all costs for every item and service and

4) is also the terminal expression point for all cost and/or price inflation…and

5) a tenet of a science (double entry bookkeeping) like for instance the cost accounting convention that all costs must go into price is being missed by macro-economists…

then realizing and integrating the above, and crafting policy around those insights in a way that benefits all agents will tremendously stabilize, make economic theory and profit making systems much more ethical and so progress them enough to qualify as a paradigm change.

It’s extremely difficult to define and perceive a new paradigm if one isn’t aware of the current one. Once you know the current one and you know the signatures of new paradigms/paradigm changes it becomes a fairly easy straight forward rational process to conceptualizing and perceiving the new one.

Here are some of the signatures of paradigm changes:

abundance and its increase

increased freedom, free flowingness/the embracing of process and action

increased human survival, knowledge and productivity in the area of the new paradigm

conceptual opposition to the current paradigm

resistance to and the ending of dominance

integration and application of the truths and only the truths in opposing theories or perspectives

integration to the point of thirdness greater oneness

a new discovery/insight/tool, or a re-discovery of same within a formerly abandoned, rejected or unperceived truth

increased directness and immediacy of effect and removal of arbitrary vias or barriers

crisis/unworkability

resolution and focus on solutions rather than palliatives or mere reforms

iconoclasm (iconoclasm is actually a precursor of paradigm change)

the willingness to drop orthodoxy (iconoclasm), brush past logical absurdity with it, endure and even become comfortable with ambiguity and the ability to create, innovate and visualize a newness, a new pattern

Truly new paradigms are always attended by new or re-discovered insights, and new tools or innovations of same that increase knowledge, stability, certainty and human survival in the area of human endeavor they apply to. There is no end of history, but increased stability etc is good enough in the temporal universe especially when it is the major progressive event of cognition on a new paradigm.

Paradigm perception is a tricky thing because consciousness itself is tricky, and a new conscious realization is both a component part of, and the operative aspect of REALIZING a new paradigm. This is why cutting edge heterodox economists can separately emphasize an aspect of the new paradigm and even suggest reforms and policies that align with it…but do not recognize the single concept that it is and the entire new pattern it also creates. In this sense they stand looking, but not perceiving. It’s the difference between being aware and being aware….of being aware….which is all the difference in the cosmos.

A study of the signatures and requirements for a new paradigm is much more informing than endless theorizing, epicycle perturbations and racking up a zillion debating points. I highly recommend it.

How would you like to eliminate poverty because everyone 18 years of age and older was guaranteed $30,000/yr, and much, much more of course if they also found employment?

How would you like to more than double your income with a single policy change?And likewise double your potential sales if you’re a businessman?

How would you students like to be able to go to college and never borrow a cent and so not be burdened with debt for 10-15 years before you can “get on with your life”?

Businessmen, how would you like to eliminate all taxes that both individuals and businesses pay for welfare, unemployment insurance and even virtually eliminate income taxes as well?

Conservatives, how would you like to downsize government by virtually eliminating the bureaucracies for welfare, unemployment, social security and the IRS?

This is no joke, no scam, no phony baloney. It’s what is known as a paradigm change in economics and money systems. It’s simple without being simplistic, elegant without being undecipherable and absolutely effective because it contains insights and policies no other economist or pundit sees.

If you want to understand this new paradigm, make its policies reality and change the the economy and the world for yourself, your family and the nation then go to my Patreon page and the site for my books and let’s start the mass movement that will accomplish all of the above. Thank you.

https://www.patreon.com/user?u=4749561

Guys like Steve Keen have brilliant iconoclastic economic minds. I’ve told him that many times. However, no economist or economic pundit except myself has ever been insightful, integrative and creative enough to craft a set of policies that:

1. immediately more than double everyone’s potential purchasing power and thus more than double the amount of potential sales for every enterprise
2. eliminates the possibility of systemic inflation
3. accomplishes what everyone else considered impossible, namely the painless and beneficial integration of price deflation into profit making systems
4. ends the reign of finance’s monopolistically dominating paradigm of Debt Only and deciphered and replaces it with the new one of Direct and Reciprocal Monetary Gifting
5. enables the macro economy to finally become truly free flowing
6. completely eliminates the need for transfer taxes, and if the fiat money system’s mechanics are properly understood, the virtual elimination of individual and corporate income taxes as the means of funding governments at all levels as well
7. and finally has many further “knock on” economic, political, social, psychological and cultural benefits.

So when all of these things become known as people play out and see the temporal universe effects of my policies Keen and every other economist will have egg on their faces for not taking my advice to look directly at the moment to moment activities of commerce, decipher the economic significances of the point of retail sale and while utilizing the tool of double entry bookkeeping craft the above incredibly progressive and beneficial change.

Paradigm perception is everything because it is the ultimate in creative insight and visualization. Mere theorizing and critique of other theories is way down scale by comparison.

You’re all welcome.

All of the erudition and abstraction showing systemic austerity and postulating the necessity of deficit spending is simply a re-discovery and affirmation of Douglas’ macro-economic A + B theorem that states that in the current “normal” operation of the economy the rate of flow of total costs and so total prices exceeds the rate of flow of total individual incomes simultaneously created and actually available to liquidate those costs/prices. Furthermore deficit spending is merely an indirect and palliative reform when an inversion of that problematic ratio is necessary (inversion of a problematic duality/ratio has always been one of the major signatures of paradigm change). Douglas and his advocates only mistake was in thinking that “the Gap” merely needed filling when it actually needed to become a directly distributed abundance ratio created and governed by equal debits and credits at the point of retail sale throughout the entire economic process. You should have followed through on studying Douglas and his cost accounting and calculus perspective on macro-economics a couple of years ago when I told you he was the first disequilibrium theorist, not Minsky.

Banning me from your various sites and outlets will change neither the above facts and signatures, nor my deeper economic and paradigmatic insights, policy innovations and solutions.

Two secrets. Debits and Credits of equal amounts sum to zero and the pricing, money and accounting systems are all digital.

When you combine the fact that retail sale is both the very end of the entire economic process, in other words where production become consumption, and also the point where all costs and so prices for every item or service are also terminally summed, with the fact that debits and credits of equal amounts sum to 0….you understand the new paradigm in economics and money systems.

Hi, my name is Steve Hummel. I have studied under two of the hand full of economists who foresaw the great financial crisis back in 2008. I’ve also studied an even more insightful man who started a world wide movement between WW I and WW II.  And I’ve innovated and extended their theories.

So I’m here to alert you to the very good news that new insights about the economy have lead me to new policies that indeed result in an actual new paradigm in economics and money systems. These insights and policies are very deep, very broad and will beneficially change things for every individual, every Okay, so let me cut to the chase here and give you these policies and their incredible ef.

1) A 50% discount/rebate at the point of final retail sale which is the terminal expression point for all cost and price inflation for every product or service. It immediately more than doubles everyone’s potential purchasing power.

2) A 20% “pass on” discount/rebate policy at the point of sale of each business model’s product or service to the next business model throughout the entire economic/productive process. This will virtually end any price inflation throughout the entire process of the economy and encourage the micro-economic virtues of frugality and competition and discourage the economic vice of price inflation.

3) A $1000/mo universal dividend distributed to everyone 18 years of age and older.

Here are the benefits of these policies:

Policy one incredibly accomplishes something that every economist or pundit except me thinks is impossible and that is it implements beneficial price deflation into profit making systems by its 50% discount at the terminal expression point for all price inflation while also keeping businesses whole on their overheads and profit margins via the rebating back to them of their discounts to consumers. It also immediately doubles everyone’s potential purchasing power and so also increases the potential sales of every legitimate enterprise so its good for all agents in the economy.

Policy two ends any intra-systemic price inflation and encourages the economic virtues of thrift and competition.

Policy three combined with policy one and two makes the $1000/mo dividend a guaranteed potential purchasing power of $30,000/yr.

Now, in addition to all of this if we don’t have to worry about anyone having less than a solid middle class income even if they aren’t employed at all, then all transfer taxes for welfare and unemployment insurance paid for by both individuals and businesses immediately become redundant and are able to be eliminated. Taxes for social security could also be rather rapidly phased out or rebated back to those who have paid them for many years as well.  And yes, their bureaucracies could also be eliminated.

As inflation will no longer be a systemic problem due to the discount/rebate policies and in a fiat money system direct monetary funding of all government expenses could and should be the reality, then virtually all personal and corporate income taxes would be able to be eliminated as well.

Finally, If we don’t have to worry about unemployment due to the dividend and discount/rebate policies, then we could immediately begin to re-industrialize the economy in as technologically advanced, productively efficient and ecologically sane way possible, and this would make the economy even robust and stable.

When was the last time an economist or politician more than doubled your purchasing power, eliminated both transfer and income taxes for you and every enterprise and enabled us to re-industrialize as well?  Short answer: Never. As I said at the start this is a paradigm change, and paradigm changes always bring major beneficial changes.

Paradigm changes benefit all parties because they integrate the truthful, most beneficial and most workable aspects of the agendas of apparently opposing sides, like liberal desire for economic democracy and conservative desires for thrift, smaller government and less taxation….exactly as the above policies do for instance.

There are many other “knock on” social, psychological, political and economic benefits from these policies, and as is historically verifiable, all legitimate factors in the area of human endeavor that a new paradigm occurs in….adapt to its obviously deep, broad, transformational and beneficial changes….not the other way around.

The policies of the new paradigm of Monetary Gifting end austerity for both the individual and enterprise and hence the entire economy. They rectify problematic structures (private finance), fit seamlessly within appropriate current structures that give the economy form (double entry bookkeeping) and recognize and utilize the economic significances of retail sale throughout the economy and hence bring order to the current complexity and actual chaos of the present system.

While economists search with blinkered abstractions and fail to actually look at these day to day realities and significances, the new paradigm of Monetary Gifting crafts policies around them that directly and immediately resolve modern economy’s deepest and most chronic problems. Such power, simplicity and elegance has always been the signature of paradigm change.

Please help me bring awareness of these empowering and beneficial policies to every individual so that the economic and political authorities will be forced to look at them and admit to their wisdom, workability and freeing effects. You can do that by going to my Patreon page and donating, and also by making this video go viral. Together we can build a movement that will change you from being a financial slave to a free and prosperous individual by accomplishing all of the benefits above and more. Thank you.rise and the system as a whole, and oddly enough they fit seamlessly within most of the present structures of the economy and commerce.

DSGE models are elaborate abstract fictions, that is true. However, heterodox theories are equally abstract and hence many times removed from the day to day realities of commerce and so prone to missing key economic insights as a result. Heterodox economists say that economics needs a reformation or new paradigm…and then go right back to manipulating abstract mathematical symbols and/or arguing theory based on same. Economists need to focus on deciphering the single concept that creates a new pattern that fits seamlessly within present legitimate structures, i.e. a new paradigm.

All theory stands or falls on the temporal universe effects of its policies. DSGE models essentially do nothing to stop the coalescence of the dominance of the economy by the business model of Finance, and all present heterodox theories merely attempt to tweak it. The Reformation was largely about breaking up the dominating orthodoxy of the Church with a new paradigm of a direct relationship with God, and directness of policy is one of the aspects of the new paradigm in economics and money systems.

The policies of the new monetary and economic paradigm of Direct and Reciprocal Monetary Gifting go beyond every abstraction looking for a solution in macro-economics, end the destructive monopoly paradigm of private finance and do more to benefit the individual, every legitimate business model and the entire system than economists and politicians on both sides of the aisle have accomplished since forever.

And all you have to do is play the policies out in present time in order to prove that to yourself.

The new monetary and economic paradigm of Direct and Reciprocal Monetary Gifting is an extension, innovation and integration of the insights of a nearly one hundred year old economic theory, the most cutting edge insights of current heterodox economists and the monetary mechanics of MMT. It’s the “whole ball of wax”, the genuine article, the unassailable progression known as a paradigm change.