Posted To Steve Keen’s Substack Newsletter 09/28/2024

Your accounting is valid, but it fails to utilize the same operations at strategic points throughout the economic process to resolve the economic problems you also have identified such as chronic erosive inflation and hence diminishing purchasing power, and the continual build up of private debt.

This apparently is because you have failed to recognize the fact that the present monetary paradigm wielded by the private banks is the virtual monopoly concept of Debt As In The Burden to Repay…Only for the creation and distribution of new money.

Break this monopoly paradigm up by integrating the same accounting operations of equal debits and credits that sum to zero with the new paradigm of Monetary Gifting into the Debt Only system at retail sale, point of loan signing and from business model to business model throughout the length of the entire economic process…that will create and enforce beneficial price and asset deflation, hence greatly increased individual purchasing power, demand for commercial goods and services and the reduction of the rate of build up of private debt.

Monetary Gifting has been utilized before. For instance “green backs” were a major if not the major reason the North won the civil war against the South. Of course it was just distributed without utilizing accounting at key points in the economic process (retail sale , point of loan signing and the point of movement from one business model to another) primarily because there wasn’t the digital/electronic capability to do that at the time. We don’t have that problem today…just the failure to perceive paradigm concepts and craft policies around new ones that resolve the anomalies of the current one.

New Policies: Gift/Rebate of Additional Costs…If You Don’t First Pass On Inflated Prices To Next Business Model In Line Toward Retail Sale

And If you do pass costs on you’re taxed at a rate of 100% on any revenue thus garnered, and your future gift/rebate privileges are reduced by 5%. Policies apply to all businesses throughout the entire economic process.

You’re either for the new paradigm and its striking benefits for all agents or you’re against it. No bullshitting or backsliding allowed. The Department of Competition, Innovation, Boycotting and the Public’s Bully Pulpit will inform the public on who has actual good will toward their customers. Humility is an empowering experience for those with ethics, and a painful lesson to learn for those who feign or defy it.

Posted To Steve Keen’s Substack Newsletter 09/26/2024

You’re completely correct about loanable funds etc., but theoretics and reforms never changed anything for long. You need applied complete conceptual opposition AKA paradigm change to do that. Like nomadic hunting and gathering to homesteading, urbanization and agriculture or geo-gentrism to helio-centrism. This time its Debt As In the Burden to Repay ONLY to Strategic Monetary Gifting Utilizing Equal Debits and Credits that Sum Immediately to Zero. Craft additional policy around the new paradigm to mitigate consumption and to foster R & D for energy and rational ecological policy.

MMT hints at the new paradigm when it points out that government “debt” isn’t actually debt at all, but a stream of revenue to the private sector, but they don’t follow through with the pungent policies using accounting that I suggest in my book.

Posted To Mish Shedlock’s Blog 0925/2024

The biggest economic problem, the key problem in fact, is the monopoly paradigm of Debt Only that Finance wields against all economic agents individual and commercial. Integrate the new monetary paradigm into the Debt Only system and the deepest problems we face will resolve to the benefit of everyone. If you don’t/can’t see this you will just keep on insisting that the sun revolves around the earth and the planets do epicycles in their orbits as well.

Pols on all sides are a shit show. Historically, the only thing that will make them honest is a paradigm change.

Posted To Steve Keens Podcast 09/23/2024

Changing the monetary paradigm resolves most of these problems and others as well. A 50% Discount/Rebate policy at retail sale implements beneficial macro-economic deflation and a 50% Gift of Interest to the banks/Debt jubilee to the borrower at point of loan signing reduces the rate of debt build up by 75%. Tax any “greed-flation” by any commercial agent at a rate of 100% and then if the monthly rate of inflation still innocuously hovers around 2-3% just index the retail discount to that rate, i.e. 53-54%.

Its amazing that you’re not advocating for these policies and others in my book considering they resolve the three biggest insights you correctly make namely the continual build up of private debt, chronic inflation and chronic lack of individual demand.

Which is the bigger sin? Being a troll for the new monetary paradigm, or resenting/refusing to engage the troll so that perhaps additional insights can be illumnated?

Heaven

Heaven is your former life lived with grace and much more enthusiasm for all of the experiences it presents us, particularly the resolution of problems.

Posted To Ann Pettifor’s Substack Newsletter 09/19/2024

The kind of wildly unethical financial speculation that gave us the GFC (Great Financial Crisis) in 2008 IS the direct result of the current monopoly paradigm concept of Debt Only and the human propensity for greed. Strategically integrating the new monetary paradigm of Gifting into the debt ONLY based system and terminatedly closing the door on such speculative nonsense will end this insanity and enable us to pursue the rational resolution to the converging ecological, energy and socio-political crises looming up before us.

Ironically, the most powerful effect of changing/resolving the anomalous current monetary paradigm won’t even be an economic one. Monetary Gifting, properly acculturated, will transform participating in the economy, especially at the continuously and universally participated in points of retail sale and of loan signing, from an aggravating and depressing experience into the greatest opportunity to self-actualize gratitude since meditation and prayer.

Brush past the human civilization long cynicism that the current paradigm makes so apparently true and advocate for monetary grace as in Gifting.

Visualize it.

Posted (For The Umpteenth Time) To Mish Shedlock’s Blog 09/16/2024

50% Discount/Rebate policy at retail sale implements the libertarian wet dream of beneficial price and asset DEFLATION. Just do the simple 6th grade math and the simple but powerful accounting operations of equal debits and credits summing to zero. Toss in the 50% Gift to the Banks/Debt Jubilee policy at point of loan signing and we’ll be able to end Finance Capitalism and rejuvenate and ethically ascend Industrial Capitalism.

BSD

If you want to be insightful and effective you have to practice thinking and applying BSD (Big, Simple and Deep). Why? Because paradigm changes are the most beneficial, progressive and permanent phenomena mankind can conceive, believe and apply, and paradigms are operant as in BIG key ideas, SIMPLE as in single concepts and hence, applied, are effective of DEEP change.