…just exploded every abstraction looking for a solution in macro-economics, the destructive monopoly paradigm of private finance and does more to benefit the individual, every legitimate business model and enterprise 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 and that proves it.

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

is able to resolve paradoxes and the tyranny of balance in the money system.  The policies of Monetary Gifting resolve the paradox of thrift and the obsessive concern with numeric and stock/flow balance. It ends the possibility of systemic inflation with the 50% retail sale discount/rebate policy because it comes at the very end of the legitimate economic process which is also the terminal expression point of any cost or price inflation. Hence with the universal dividend and discount/rebate policies we can add as much free and clear individual income/potential purchasing power as we may feel creates a satisfactory lifestyle for all.

…that MMT shows us that taxation is not necessary in fiat monetary systems, and that the policy of a 50% discount/rebate at the point of retail sale eliminates any possibility of price inflation because retail sale is the terminal point of the expression of all cost and price inflation…..then within these two truths why is there any need for income tax to fund government,  and why do we not immediately double everyone’s purchasing power and double the possibility of sales for any enterprise with the 50% discount/rebate policy…and so create a prosperous and stable economy like we’ve never seen before??????

There is but one reason: The continued enforced economic tyranny of Finance’s current dominating and monopolistic paradigm of Debt Only due to unconsciousness of it and/or mistaken defense of same by economists and politicians on both sides of the aisle.

Liberals who want economic democracy and greater consideration of the individual in the economy generally, and conservatives and libertarians who want smaller government, less/no taxation, greater profitability for enterprise and a much more free flowing economic system….had better look honestly at these policies, realize they accomplish more of the best of their respective agendas than either of them have been able to do for their constituencies since forever….and get them implemented…with post haste.

Hi, my name is Steve Hummel. I’m not going to go into a lot of complicated economic theory or make your eyes glaze over with a bunch of mathematical symbols. Suffice it to say 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 and about the signatures of paradigm change 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 enterprise and the system as a whole, and they fit seamlessly within all of the legitimate present structures of the economy and commerce.

Okay, so let me cut to the chase here and give you these policies and their incredible effects.

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

2) 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.

3) A 10% 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. If the enterprise does not inflate their prices they will receive an additional 2% rebate. This will encourage the micro-economic virtues of frugality and competition and discourage the economic vice of price inflation.

Benefits:

Policy one immediately ends poverty in America as combined with policy two every adult will have $24,000/yr of potential purchasing power and every two adult household will have $48,000/yr of same, and that’s without them earning anything from employment so if each had only $9/hr jobs at Wal Mart totaling 18,360/yr that would make their total income potentially $48,000 + $73,440 or $121,440/yr.

Policy two incredibly accomplishes something every other economist or pundit except me thinks is impossible and that is implement beneficial price deflation into profit making systems by its discount to 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 immediately doubles everyone’s potential purchasing power including any unemployed whose $1000/mo dividend, again, becomes potentially $24,000/yr. Now, if we don’t have to worry about anyone surviving rather well even if they aren’t employed, then all transfer taxes for welfare and unemployment insurance paid for by both individuals and businesses immediately become redundant and 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. Finally, as inflation will no longer be a systemic problem and direct monetary funding of all government expenses could and should be the reality, virtually all personal and corporate income taxes would be able to be eliminated as well. When was the last time an economist or politician doubled your purchasing power and eliminated both transfer and income taxes for you and every enterprise?  Short answer: Never. As I said at the start, this is a paradigm change and paradigm changes always have major beneficial effects.

Policy three as stated prevents garden variety intra-systemic inflation which is never of high percentage because price competition still lives between commercial agents and where it doesn’t taxation, forfeiture of discount/rebate privileges and monopoly break up could be followed through on to re-establish it.

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 the individual and for 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.

Hi, my name is Steve Hummel. I’m not going to go into a lot of complicated economic theory or make your eyes glaze over with a bunch of mathematical symbols. Suffice it to say I have studied under two of the hand full of economists who foresaw the great financial crisis back in 2008, and I’ve also studied an even more insightful man who started a world wide movement between WW I and WW II.

Instead of boring you I’m here to alert you to the very good news that new insights about the economy and the signatures of paradigm change have lead 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 enterprise and the system as a whole.

Okay, so let me cut to the chase here and give you these policies and their incredible effects.

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

2) 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.

3) A 10% 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 that is rebated back to them by a separate monetary authority. If any business arbitrarily inflates their prices for any reason other than legitimate ADDITIONAL costs incurred, say 3%, then that percentage is multiplied x 2 and subtracted from their reimbursed 10% rebate. This will encourage the micro-economic virtues of frugality and competition and discourage the economic vice of price inflation.

Benefits:

Policy one immediately ends poverty in America as combined with policy two every adult will have $24,000/yr of potential purchasing power and every two adult household will have $48,000/yr of same, and that’s without them earning anything from employment so if each had only $9/hr jobs at Wal Mart totaling 18,360/yr that would make their total income potentially $48,000 + $73,340 or $121,440/yr.

Policy two incredibly accomplishes something that no economist or pundit except me thinks is impossible and that is implement beneficial price deflation into profit making systems by its discount to 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 immediately doubles everyone’s potential purchasing power including any unemployed whose $1000/mo dividend, again, becomes potentially $24,000/yr. Now, if we don’t have to worry about anyone surviving rather well even if they aren’t employed, then all transfer taxes for welfare and unemployment insurance paid for by both individuals and businesses immediately become redundant and 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. Finally, as inflation will no longer be a systemic problem and direct monetary funding of all government expenses could and should be the reality, virtually all personal and corporate income taxes would be able to be eliminated as well. When was the last time an economist or politician doubled your purchasing power and eliminated both transfer and income taxes for you and every enterprise?  Short answer: Never. As I said at the start this is a paradigm change, and paradigm changes always bring major beneficial changes.

Policy three as stated prevents garden variety intra-systemic inflation which is never of high percentage because price competition still lives between commercial agents and where it doesn’t taxation, forfeiture of discount/rebate privileges and monopoly break up could be followed through on.

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 the individual, 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.

….end austerity for the individual, 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.

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.

Actually, the way to fix money which is virtually monopolized by Finance and its paradigm of Debt Only is to implement three policies and one structural change:

1) A 10% 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 that is rebated back to them by a separate monetary authority. If any business arbitrarily inflates their prices for any reason other than legitimate ADDITIONAL costs incurred, say 3%, then that percentage is multiplied x 2 and subtracted from their reimbursed 10% rebate. This will encourage the micro-economic virtues of frugality and competition and discourage the economic vice of price inflation.

2) 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.

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

Structural change: Private money creation is abolished and a publicly administered US Bank is created with full arms length separation from the three branches of government and from the monetary authority mandated to distribute the dividend and rebate monies. Private finance will survive as a business model that advises savers and borrowers on investment of only already created and saved money.

Benefits:

Policy one as stated prevents garden variety intra-systemic inflation which is never of high percentage because price competition still lives between commercial agents and where it doesn’t taxation, forfeiture of discount/rebate privileges and monopoly break up could be followed through on.

Policy two implements beneficial price deflation into profit making systems by its discount to 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 immediately doubles everyone’s potential purchasing power including any unemployed whose dividend becomes potentially $24,000/yr. Thus all transfer taxes for welfare and unemployment insurance paid for by both individuals and businesses immediately become redundant and able to be eliminated. Taxes for social security could also be rather rapidly phased out as well. Their bureaucracies could also be eliminated. Finally, as inflation will no longer be a systemic problem and direct monetary funding of all government expenses would  be the reality, virtually all personal and corporate income taxes would be able to be eliminated as well.

Paradigm changes benefit all parties because they integrate the truthful, most beneficial and most workable aspects of the agendas of apparently opposing sides, like economic democracy and thrift as in the above policies for instance.

Policy three immediately ends poverty in America as every adult will have $24,000/yr of potential purchasing power and every two adult household will have $48,000/yr of same, and that’s without them earning anything from employment so if each had jobs totaling $20,000/yr that would make their total income potentially $48,000 + $80,000 or $128,000/yr.

The structural change terminally ends the naive idiocy of believing that a private monopoly on the paradigm and product of the tool that is necessary for commercial and individual survival in a MONETARY economy….is understandable in any way. As policy one and two are unmistakably gracious monetary gifts there is no way that even economic libertarians can misconstrue them as tyrannical.

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.

Me:  Virtually everything problematic about the money system and the economy could be rectified if we’d simply think ECONOMICALLY about the money, pricing and accounting systems, and recognize the stupendous economic significance of the point of retail sale as the summing and ending point for costs, prices, the expression point of inflation and the ending point in the entire economic process for every item or service.

Thus if you implement a discount/rebate policy at the point of retail sale at the end of the economic process and the point of retail sale from one business model to the next throughout the economy you can transform the tendency of modern technologically advanced economic systems from erosively inflationary to beneficially deflationary for all agents, and as a kicker, break up the glaringly contradictory monopoly paradigm of Debt Only that private finance dominates everyone and everything with as well.

Direct and Reciprocal Monetary Gifting is the same conceptually oppositional inversion/transformation as the one from Nomadic Hunting and Gathering to Homesteading Agriculture and the inversion of position and primacy from earth centric Ptolemaic cosmology to Helio-centrism.

It’s the apotheosis of economics and economic theory.

PB:  We have a lot of pieces we do know. We know total private debt is a controlling variable (given unemployment correlation with same) even though neoclassical school teaches the opposite. We know fiscal deficits don’t matter in the short run having demonstrably run up 20 $Trillion recently. Much more world wide.
I believe we will eventually learn what variables are important but the irony will be this will not let us escape our Faustian choices. We will learn e.g. that stable monetary purchasing power is important but there are sometimes more important goals, like lowering total debt and thus unemployment. I’d be happy if total debt could at least join the list of variables to consider. Right now it’s excluded by loanable fund

Me:  The answer to the dominating paradigm of Debt Only, the coalescence of the financialization of the economy and their resultant enforced monetary austerity is Direct and Reciprocal Monetary Gifting strategically targeted at the various points of retail sale throughout the economy. The answer to parasitic financialization is the re-retailization of the economy as per above. Private finance/money creation is not a legitimate business model being post retail sale, and the only way to insure that public finance/money creation is benevolent is to mandate that it consider and empower the individual FIRST and consequently enterprise and the system right along with it. No more “hobby horse” tweaking, no more mere reforms and perturbations, no more continuous pain and stress all around, no more orthodox neo-liberal “Change you can believe in” or populist disguised conservative “Make America great again”

Paradigm changes are real and profound. Let’s have real and profound change.

DT:  Craig as he expresses himself here I have to disagree with: he’s back with micro-economics missing out the people and institutions comprising the economy, and the fallacy of composition in summing up. His later “the only way to insure that public finance/money creation is benevolent is to mandate that it consider and empower the individual FIRST and consequently enterprise and the system right along with it” comes back to my credit card concept.

Me:  The problem is aggregate Debt and its continual build up via the paradigm of Debt Only. As macro-economics is about aggregates and their significances that’s a macro-economic observation. The same with the insight that the moment to moment flow/reality of the macro-economy is the destabilizing scarcity ratio of TOTAL individual incomes to TOTAL costs and so prices. The new/newly re-discovered significances of the point of retail sale and the digital nature of the money, pricing and accounting systems are all perceived by looking directly at the day to day operations of the economy alright, but as retail sale occurs throughout the entire the economy and at its end, and the policies derived from such insights have general individual, commercial and systemic affects they are macro-economic as well.

The accounting system and its cost accounting convention that all costs must go into price are universally (and correctly) applied by all honest accountants and enterprises thus there is no fallacy of composition in what I am saying.

A credit card only enables you to borrow, i.e. become further indebted. That does not break up the monopoly paradigm of Debt Only. Only Monetary Gifting does that. A debit card that enables a universal dividend to be be gifted to the individual would be fine.

RL:  Rwer is too orthodox in that it frames its discussions mainly in nomethetic terms, to criticize them usually, but not to set them aside. Spender’s point is that in the theory of the firm, the marketplace is not the operative point, but his point is not taken up in discussions. Mine in the recent rwer is that we don’t have to go through nomothetic science to get to the real world, to skip the science and go directly to the firm-centric real world. Leave the scientists out as a reference point and then you’ll have a paradigmatic change.

Me:  @ Robert Locke

Yes, I’ve noticed that RWER Blog is too orthodox as well. They’re undoubtedly well intentioned, I’m not disputing that, but they lack the the characteristics necessary for true paradigmatic thinking which are not only iconoclasm, but also integration of opposing truths and finally the ability to step COMPLETELY outside of the current paradigm and visualize the new one.

I’m surprised no one here has done a study of paradigm changes and their signatures some of which I have posted about here recently. You would think that would be a great topic for discussion here because paradigm changes are so deep, broad, permanent, historically progressive and agreed upon changes.

I readily admit I stand on the shoulders of giants, but I have always enjoyed integrating and innovating ideas and patterns, and my adult intellectual studies just happen to be wisdom traditions, human consciousness itself and their pragmatic expression, and that is exactly what paradigm changes are, the integration of new ideas and patterns, new realizations regarding them and their expression in the temporal universe.

Along with the policies of a universal dividend, the high percentage retail discount/rebate and the 10% “Pass On/Minus Reduction of Price Increase” discount/rebate from one business model’s “retail” products to the next business model on the route to retail sale a new government Department of Innovation, Competition and Systemic Stability should be created as a watchdog for non-economically justified price increases that publicly posts such by those corporations that do so, so that individuals can see who is greedily trying to game the system even though it has enabled them to save  tremendously and profit much more than ever before.

Also, this department would fund research on how to produce more with less resources and distribute such research to those corporations that have played by the rules and have pledged to continue to do so in recognition of its benefits to all and in order to keep such system stable.