…or you could use double entry bookkeeping at the point of retail sale to reduce the price of a $500k house to $250k with a 50% Discount at that point…and then have the central bank rebate the $250k back to the home builder so their made whole on their entire price. THEN…because your monthly payment is the retail point of Finance the central bank pays 50% of your monthly payment so you’re actually getting a $500k house for the equivalent payment of a $125k loan.

So instead of (correctly) bitching about neo-classical theoretics ONLY and getting no place for various reasons like not dispensing with the mental framework of Debt ITSELF…you integrate a change in the nature of THE CONCEPT/PARADIGM of debt, resulting in doubling everybody’s purchasing power, avoiding any moral hazard because every merchant gets their full price, the market for $500k homes quadruples and you get to exploit the truest political truism that voters vote their pocket books and so we can get on to more important things like addressing the energy, ecology and climate problems.

The way to make MMT work for everyone and awaken them to the power of both accounting and even more importantly conceptual/paradigmatic analysis of systems is to implement a 50% Discount (credit) at retail sale and rebate (debit) back to the merchant granting the discount to the consumer. As retail sale is the terminal ending point of the entire economic process where production exits the economy and becomes consumption it is also the terminal expression point for virtually all factors…like inflation for instance…and so this policy enables everyone to buy $100 worth of groceries for $50, a $60k EV for $30k and a $500k house for $250k. In other words it transforms chronic erosive inflation into universally beneficial price and asset deflation. Milton Friedman turns over in his grave.

But wait! What is the retail point of Finance, Insurance, Rent etc.? Why its your monthly loan, insurance, rent etc. payment of course. So this single policy ends the human civilization-long parasitical/cost increasing nature of Finance…by finally integrating it into the legitimate economic/productive process, and if the central bank pays for 50% of your automobile, insurance and mortgage payment that means you are getting a $60k Ev for an equivalent payment of a loan for $15k and that $500k house for the equivalent payment of a $125k mortgage.

Systemic analysis is well and good, but conceptual/paradigmatic analysis changes the core idea and the enforcing realities of the current anomalous paradigm.

After all the unity of grace as in gratitude for a gift is fulfillment itself.

…that change everything. Always contemplate them first and always until you realize that reductive systemic analyses, while great tools as well, are ultimately “enlightening” of only palliatives at best and at worst duality traps that actually inhibit the thirdness greater integrative oneness phenomenon known as Wisdom insights/new paradigm concepts.

Steve Hummel 11/13/2025

Central banks are necessary unless you want cyclical depressions like we had before the creation of the Fed which was created to be the hand maiden of the banks in “normal” economic times and their bail bondsman when the same screw things up. What is necessary is the new monetary paradigm of Strategic Monetary Gifting and amending the FED’s charter so as to have them fund that new paradigm’s general abundance and individual freedom.

Trickle down and austerity doesn’t and never has worked very well except for the banks and the oligarchs. Its time for the freedom of generally abundant monetary disequilibrium created by the new monetary paradigm of Gifting and maintained by known and enforceable barriers on commercial agents instead of the delusional corpus and fetish of “free” market theoretics.

JJ: Mandami doesn’t take office to January and he isn’t going to be able to bring much of, if anything of his promises to fruition. And NYC is not representative of the USA as a whole.

Me: Correct about Mandami JoJo because he’s just mayor and so doesn’t have monetary sovereignty. However, if we’d amend the FED’s charter to create strategic monetary gifting with the 50% Discount/Rebate at retail sale and a reasonable UBI…then we’d really be getting someplace beneficial for every economic agent that is long overdue.

BK: As manufacturing of everything shifts more & more to China, the Chinese are going to have a problem – how will the West make any money to buy Chinese products with? I find myself wondering if the West will soon find itself dependent on China for a yen-based UBI variant…

Me: More likely that with AI manufacturing can more easily return to the US and the West fortifying and diversifying their economies, and then with Strategic Monetary Gifting in the forms of UBI and the 50% Discount/Rebate policy at retail sale demand/purchasing power will not diminish and the real problem behind economics, namely the dominating monopoly paradigm for the creation and distribution of new money which is Debt Only and which has been wielded by Private Finance since forever…will tend to “wither away”.

BK: You think the Chinese aren’t employing AI or robots already?

Me: Sure they are but not to the point of general AI, and even if you’d get half the loss of demand of full general AI it would be disasterous economically. All the more reason to act now to integrate the new monetary paradigm of Strategic Monetary Gifting into the present monopoly paradigm of Debt Only. You’re not going to stop technology and there is an historical solution after all that creates and enables true progress…and we know what that is even if we’re obsessed with problems and/or terminally cynical: Private and even government finance must yield their present monopoly paradigm of Debt Only as the sole form and vehicle for the creation and distribution of all new money.

YOU DON’T GET IT MISH! THE WAY TO FUND UBI IS NOT WITH BONDS I.E. DEBT INSTRUMENTS WHICH CREATES INTEREST TO BE PAID WHICH IN TURN CREATES THE “DEFICIT”, BUT WITH MONETARY GIFTING…WHICH DOESN’T CREATE ANY SUCH NEED TO PAY INTEREST.

AND NO, THE 50% DISCOUNT/REBATE AT RETAIL SALE WON’T CREATE INFLATION, BUT RATHER BENEFICIAL PRICE AND ASSET DEFLATION BECAUSE THE POLICY WILL REDUCE THE PRICE OF EVERYTHING BY HALF. AND NO BECAUSE THE REBATED/GIFTED MONEY BACK TO THE COMMERCIAL AGENT ASPECT OF THE POLICY MAKES THE COMMERCIAL AGENT WHOLE ON THEIR ENTIRE PRICE WITHOUT CREATING THE NECESSITY OF CREATING INTEREST TO BE PAID…EITHER.

DO YOU FINALLY GET IT???

ADDENDUM: NOW THIS DOESN’T MEAN THAT YOU CAN’T OR SHOULDN’T ALSO BE ABLE TO CREATE MONEY AS DEBT IF YOU’RE A BANKER OR EVEN BY THE GOVERNMENT BECAUSE THE INTEREST PAID ON THAT DEBT…IS ACTUALLY A PAYMENT TO/AN INVESTMENT FOR…THE PRIVATE SECTOR. GOT IT???

The 50% Discount Rebate Policy At Retail Sale…because both your hospital bill and your monthly insurance payment are the retail points of your participation in the health care system.

And the first party to recognize this is the one who benefits and probably will be able to establish a greater political coalition than FDR’s The New Deal

Are you listening political parties???

How’s that? Because I recognized both the present anomalous monetary paradigm and came up with the new paradigm (Copernicus).

Because I recognized/observed that retail sale was the place to best implement and enable others to best see the beneficial effects of the new monetary paradigm (Gallileo).

Because I recognized that utilizing double entry bookkeeping and a high percentage (at least 50%) discount/rebate policy at retail sale would eliminate the palliative and “epicycle” effects of a lesser percentage and would invert present problematic temporal universe realities which is a signature of historical paradigm changes (Kepler).

Because like the Roman Catholic’s religious paradigm of Salvation Via Roman Catholic Sacraments Only I recognized the monopolistic and hence dominating nature of the current monetary paradigm of Debt Only, and encouraged others to see and fight against it. (Luther)

Because I recognized that the beneficial effects of every historical paradigm change have always been an aspect or aspects of the natural philosophical concept of grace, and the new monetary paradigm is grace as in Gifting so it aligns with that historical reality and points out the supreme wisdom of grace. (Jesus, who taught saving grace as in loving action to the more authoritarian and moralistic Judaism’s salvation) via only the law)

Also, as a 50% gift of price for virtually everything in a system that everyone does and must participate in (the economy) it would tend to universally evoke gratitude in everyone. Hence its the first temporal universe system and way to continuously self-actualize grace as in gratitude/thankfullness even more so than meditation and prayer…which are not universally and manditorially participated in and are only inward means of creating the benefical effects of spirituality…so its the first integration of the benefits of spirituality into a non-religious temporal universe system and via outward action instead of only internal action…as well. (So its the first step toward replacing the current zeitgeist of Power, Profit and Control with a new zietgeist/ethic of the age namely Grace as in Redeemed/Redemptive Power, Profit and Control)