De-growth will always be a consideration until we become a multi-planetary species. Homes on the moon or mars are exempt. 🙂

Theorists and activists have forgotten the thirdness greater oneness of Hegel’s dialetic, namely synthesis which is just another word for a well fitting and thorough integration of a problematic duality in other words of the problematic thesis vs antithesis.

If we live in Finance capitalism and an accurate assessment of the problematic area has to do with “money, debt and banks” then I would suggest that its severely likely that the core of the core problem can be stated as: A monopolistic MONETARY paradigm of DEBT as in Burden to Repay Only (the word “only” designates the paradigm as monopolistic) wielded by the dominant current force not only in the economy, but the entire earthly temporal universe the private BANKS.

So what might be the economic system that is the synthesis/integration of capitalism vs socialism? How about the necessarily ethically sensitive profit making system of Direct Monetary Distributism?

As wisdom is the integrative human mental discipline, has always been associated with resolving thirdnesses greater onenesses exactly like Hegel’s full dialectic, and the pinnacle concept of wisdom and ethics is the natural philosophical concept of grace as in love in personal action and logically systemic policy (as policies are the actions of systems)… we could also call it Wisdomics-Gracenomics. Google it.

Sometimes insight comes from opening up to conflicts in ideas, or a perceived conflict in a relationship with another and so leads to a thirdness greater oneness integrative result. The important thing, I’m confident you’d agree, is the integrative result.

I’m not singling you out here, in fact I’m calling out all of the other cutting edge economists like Warren Mosler, Steve Keen, Michael Hudson, et al for not having daily news conferences shouting with their hair on fire that this is a titanic NON-ISSUE that the deluded and/or terminally demagogic are going to use to create chaos…when it doesn’t need to happen. That needs to happen regardless.

But I am puzzled that all of you and the others above are failing to recognize that you all are missing the way to put this nonsense away FOREVER by uping your analysis to the paradigmatic level which will change the current monopolistic paradigm for the creation and distribution of new money, namely Debt Only to Direct and Reciprocal Monetary Gifting via a program of strategically beneficial and efficacious policies.

All of your analyses are valid and potentially beneficial, that deserves praise…but they’re only reforms and so don’t COMPLETE the necessary action which is to implement a paradigm/ENTIRE pattern change…because historically everything adapts to a new paradigm…not the other way around. For example, Keynesianism was a very good reform, but what happened? Thats right it got morphed into the neo-classical synthesis…because it was only a good reform.

We don’t have the convenience of a lot of time to cogitate about whether or not we should analyze and swiftly form the mass movement necessary to implement the new paradigm. Look around and see the signs of social and political disintegration that are coalescing as well as the looming existential problem of climate change. I’m sure you’re concerned about these problems.

Paradigms/operant applied concepts and paradigm changes are not mysterious, mystical things. They are historical phenomena that can be analyzed so as to decipher the new concept that applied will result in all of the beneficial effects of same. In my book I have tried to cover the socio-economic, political, ecological and cultural policies needed in a new paradigm program, but I welcome any additional input.

I would be happy to send you a copy of the evolving book currently posted on Amazon for analysis and/or further elaboration. For god sake, something must happen to resolve the converging crises we are facing.

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Sajid,

The quantity theory of money is shaky even within the current monetary paradigm of Debt Only and Burden to repay Only. If we integrated the new paradigm of Direct and Reciprocal Monetary Gifting strategically into the Debt On/Burden to Repay Only system…we could tremendously increase fiscal deficits which is a primary objective of MMT in order to renew America’s infrastructure and fund the mega-projects necessary to confront climate change, not to mention with the primary new paradigm policy of a 50% Discount/Rebate at retail sale, double everyone’s purchasing power, greatly increase demand for every enterprise’s goods and services and forever macro-economically end inflation.

These are immediate, universal (everyone participates in retail sale), empirical/mathematical, temporal universe effects. No other reform movement even comes close to creating so many beneficial effects. Why? For no other reason than that they aren’t analyzing on the paradigmatic level. They, we ALL, URGENTLY need to start doing so.

We will never have a rational and effective debate about resources until we resolve the monetary paradigm. In fact resolving it will immediately free us to utilize the above mega-fiscal deficits to do what we haven’t done for 50 years…confront climate change.

The clock is ticking on the disintegrative trend of human civilization and on the existential potential of unconfronted climate change. Focus on the core of the core economic problem, namely the current monetary paradigm and change it with the policy applications of the new one.

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What MMT and other reform movements lack is an easily seen and directly experienced IMMEDIATE benefit to everyone. The old saw that people vote their pocket books is so true. So what if we implemented a $1000/mo. universal dividend for everyone 18 and older for life and paired that with a 50% Discount/Rebate policy at retail sale which would guarantee everyone $2000/mo. worth of purchasing power. That beats hell out of the one or two-off $1200 COVID Monetary Gifting checks. SHHHHH! Don’t even whisper those words…they might become an idea that not even Finance can resist.

Inflation? When you can buy $3.06/gal. gas at Sam’s club for $1.53 and buy a $60k Tesla for $30k…where’s the inflation there? And if any commercial agent tries to inflate just hit them with a 100% tax rate on any revenue they get from inflating their prices. When EVERYBODY just got a 100% increase in their purchasing power with the policies of the new paradigm they’re not going to look sanquinly on anti-social CEO’s that immediately try to erode it. Think about it.

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I see that “government money” as either coin, notes or bonds is permanent. However, its such a small percentage of the total new money created that its largely macro-economically insignificant. So the problem remains the same, the huge percentage of Debt ONLY money created by the Banks. And the problem within the problem is that the current monopolistic paradigm for the creation and distribution of new money, again Debt ONLY as in Burden to Repay, is the deepest power of the Banks.

New paradigm concepts are illusive for numerous reasons (long term (unconscious) acculturation to the present paradigm, new paradigms are always in complete conceptual opposition to the present one making it very logically problematic and hence very risky for “authorities” to advocate for it, especially when you have the modern paradigm for inquiry being almost entirely Science Only (I’m absolutely for science by the way, but for open minded not settled/orthodox science, the former being the only kind of science that leads to scientific breakthrough). The list goes on, but the point (illusiveness) is made. Yet one cannot deny the historical fact that genuine new paradigms are extremely powerful and beneficial phenomena.

What is good is that theorists have indeed isolated and surrounded the areas of the problem. That problem being as Steve Keen himself has said is: “money, debt and banks”. Now if we just concentrate on the kernel/operant problematic concept and apply the fact that the new paradigm is always in complete conceptual opposition to the current/old paradigm…then voila! The opposing concept to monopoly debt ONLY as in burden to repay is what? That’s right, Monetary Gifting! What was it about the two COVID checks that prevented us from going into a depression? They were monetary gifts. What are fiscal deficits? Monetary gifts to individuals and government contractors. What is a job guarantee? A FREE FOR THE TAKING job. UBI/Universal dividend? A monetary gift. A 50% Discount (free gift of price) at retail sale that is rebated back to the merchant so they are not harmed by their discount to the consumer utilizing the exact same method that the banks use to dominate us (equal accounting entries creating money ONLY AS DEBT), and instead reciprocally GIFTING the total of their discounts back to the merchant. And what does this perfect policy expression of the new paradigm at the most efficaciously beneficial point in the entire economic process do? It macro-economically ends inflation forever by doing what all new paradigms do creating and implementing a concept that is the complete opposite of the old/current paradigm, i.e. Debt Only as in Burden to Repay to Direct and Reciprocal Monetary Gifting…and which resolves the biggest problem of the old/current paradigm, EROSIVE inflation with temporal universe BENEFICIAL deflation. Mind blowing! But just the routine effect of a genuine paradigm change.

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SG: I wish you would reply to my comments. When people say that bonds are like money, they really mean that bonds are like money in some respects. I may be unusual, but that kind of thinking gets me wondering that if something is like money in some respects, but it is not money, then in what respects is it different from money. Surely you and Stephanie Kelton know the difference. Why pretend there is no answer to the question about what is the difference. The curious get suspicious when we detect a refusal to address all the aspects.. Some of us are able to think for ourselves and fill in the parts some MMT proponents refuse to admit.

This refusal on the part of some MMT proponents saddens me, because there are honest answers from MMT that could address these issues. Honest answers are more convincing to me than are evasions.

Me: Contemplate the word relevance, the intention to communicate the OPERANT/MOST IMPORTANT aspects of whatever is under discussion, and avoid committing what is meant in the following wisdom verse: “Ye blind guides, which strain at a gnat, and swallow a camel.”

SG:In other words you would rather ignore my remarks rather than address them. I don’t know why my remarks should be so scary that you are afraid to address them. My remarks were important enough that you had to disparage their relevance.

Me: Not correct. I answered your concern about the nitpick regarding the spelling out of the definitions of money which I believe has already been explained as: money is money readily free to be spent while bonds are investments of money and so they are at least once removed from money in hand.

Money IS the correct subject to analyze, the current operant concept/paradigm of new money is Debt as in Burden to Repay ONLY, and the new paradigm is Direct and Reciprocal Monetary Gifting.

Please analyze on that because the applications of the new paradigm, specifically the 50% Discount/Rebate policy at retail sale which is the very temporal universe expression of the new paradigm, destroy/make irrelevant virtually all of the orthodoxies, complexities and deepest problems of the old paradigm.

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Yes, Inflation is the biggest bugaboo of economic theory. Resolve (PERMANENTLY) that issue and all of the goals and intentions of reformers become possible. Thats what a high percentage Discount/Rebate policy at the macro-economically strategic point of retail sale does!!! EVERYONE PARTICIPATES IN RETAIL SALE! HENCE A 50% DISCOUNT TO EVERY CONSUMER PRODUCT OR SERVICE FOREVER ENDS INFLATION. JUST KEEP LOOKING AT THAT AND DOING THE MATH OF A 50% REDUCTION OF RETAIL PRICE UNTIL YOU REALIZE ITS LIKE THE COPERNICAN COSMOLOGICAL PARADIGM CHANGE WHERE NOTHING MORE AND CERTAINLY NOTHING LESS THAN THE REALIZATION AND FACT THAT THE INVERSION OF THE POSITIONS OF THE EARTH AND THE SUN…CHANGED EVERYTHING!!!!!

Everybody, ya got that?! Ok, Then all you have to do is regulate with tax incentives and disincentives to insure commercial agents don’t just begin to erode the stability of it by practicing their hogwash “free” market “rights”. But consider this first. What if some anti-social CEO says: “Oh boy, tons of demand out there I’m going raise my prices 25%.” But what if just 1 of his competitors says to himself: “Hmm, maybe I’ll only raise my prices 2%” Just how much market share is CEO #2 going to take from #1? So there won’t be any high percentage inflation. Then you say: “Okay if anyone inflates even a little when their costs have actually been reduced (by other afore mentioned benefits of the new paradigm like the elimination of the payroll taxes every worker and every enterprise pay for welfare, unemployment insurance and even social security for instance, not to mention a huge increase in demand for your goods and services, and personal and corporate income tax reductions as well) we are taxing you at a rate of 100% on any revenue you may have garnered from such destabilizing price rises. You RIGOROUSLY enforce any price raising colution, and other measures mentioned in my book. Then, even if after all of these measures are enforced we still have 2-3% inflation then the discount/rebate percentage is just indexed to that rate…and no harm, no fuss.

The sun comes up the next day like it always does, but the nature of the monetary and economic systems are forever changed because a long standing monopolistic paradigm in those areas has been made that wildly benefits EVERYONE, EVERY ECONOMIC AGENT INDIVIDUAL AND COMMERCIAL AND EVERYONE FEELS IT MULTIPLE TIMES PER DAY RIGHT IN THEIR POCKETBOOK SOEVEN MORE SO THAN SOCIAL SECURITY THE NEW PARADIGM AND ITS POLICIES BECOME THE NEW THIRD RAIL THAT YOU ONLY HAVE TO TOUCH AND YOU’RE DEAD IF YOU’RE A POL.

The only additional thing needed is a mass movement created by a platform that can be relatively easily created in our technologically advanced mass communications systems. If you are young or have kids and grandkids you care about, then aren’t you tired of the litany of horrors and focus only on problems instead of solutions you constantly get from the main stream media that is consciously or unconsciously complicit in the lack of movement to address these issues??? Create the movement, ignore any resistance and communicate the benefits…and you can’t go wrong.

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FF: With the implementation of a Job Gty, a tax regime should be implemented so that tax rates AUTOMATICALLY kick in if monthly inflation targets are reached. These should include:

a) Income Taxes,

b) Sales/VAT Taxes

c) Asset Value (or Wealth) Taxes

That’ll cool things off pronto.

Me: Paradigm changes are always accompanied by paradox. This is because they destroy orthodoxies. Once a 50% Discount/Rebate policy at retail sale and a universal dividend to every adult and are enacted almost all payroll taxes will be redundant and hence cancellable because inflation will have been ended permanently and no need for welfare or unemployment insurance with the dividend. A job guarantee aligns philosophically with the new paradigm of Monetary grace as in gifting and so could also be implemented. It’s just another one of the objectives of MMT that the new paradigm enables.

Yes, monopoly power is the ultimate power, and the monopoly paradigm of Finance which is to create new money ONLY as debt is the ultimate monopoly power because paradigms are the operant/most significant and powerful concepts…of an entire system, body of knowledge, area of human endeavor. That makes the monetary paradigm, in other words the paradigm of the life’s blood of every individual and commercial agent in the entire economy, the most powerful paradigm within the paradigm of economics.

Keep following my logic here. In my book I introduce the concept of the mega-paradigm which is a paradigm change in a very long term old paradigm the benefits of which not only resolve problems in the primary pattern under analysis but spill over into other systems/patterns/etc. The monetary paradigm hasn’t changed for the entire length of human civilization and there have only been 2 maybe 3 such paradigm changes in the entire history of the human species 1) the emergence of human self awareness which was the change from the mere struggle for survival to an awareness of ethics, 2) the discovery and utilization of the tool of fire which was the beginning of human technology and 3) the change from nomadic hunting and gathering to agriculture, homesteading and urbanization which was a tremendous psycho-social and temporal universe change for the species. The change from Debt Only to Monetary Gifting will have additional beneficial effects in sociology, human psychology, ecology/climate change, politics and likely be the next step toward a change in the human zeitgeist which is the only level of analysis above that of the operant concept/paradigm.

An excellent refutation of another orthodoxy smearing the economic doors of perception and helping to clear the way toward perceiving the paradigm change necessary in the economy and the money system. Please consider the following short tutorial on perceiving and confirming genuine paradigm changes.

When you 1) observe a (Gallilean) temporal universe reality described by the new operant/paradigmatic (Copernican) concept (strategic COVID mandated direct distribution of Monetary Gifting) and

2) discover the (Keplerian) missing/most efficaciously problem resolving point in the economic process at which to apply it (a high percentage, say 50%, discount/rebate policy at retail sale) because it

 a) ends inflation by implementing beneficial price and asset deflation, thus rapidly closing the mouth of every austerian monetary economist and pundit

 b) immediately doubles everyone's purchasing power, 

 c) integrates the self interests of consumer and merchant by b above and by potentially doubling demand for every good and service

 d) beneficially effects everyone because it is the single macro-economic, aggregative, universally participated in point in the entire economic process, again, retail sale) and 

3) utilize the same method the Banks use to monopolistically create our money ONLY AS DEBT (equal accounting entries that sum to zero) to

4) finally make the money system serve the individual instead of enslaving 95% of humanity by systemically imposed ever increasing private indebtedness, then

5) it meets the standards for a genuine paradigm change. In fact it qualifies as a mega-paradigm change of which there has probably only been three confirmed universally effecting examples:

 a) the emergence of human self awareness which enabled mankind to begin to exit a zeitgeist of mere struggle for survival by making ethics a reality.

 b) the discovery and utilization of fire as a tool and

 c) the virtually universal change from nomadic hunting and gathering to agriculture, homesteading and urbanization

The tool of money does make the world go ’round. Now we must change its civilization-long dominating paradigm of Debt ONLY as the sole form and vehicle for the creation of new money in order to make it accomplish the common good and hopefully the better survival of the planet and every living thing on it.

You can find the evolving policy, taxation incentive and dis-incentive, and other regulatory program of the new paradigm here: https://www.amazon.com/dp/B07PLNJLRN/ref=sr_1_1?keywords=wisdomics-Gracenomics&qid=1552358772&s=books&sr=1-1-catcorr

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MMT has the SYSTEMIC OPERATION of money creation correct, but they have not yet recognized the problematic operant/paradigmatic/applied monetary concept of Debt Only, nor the new such applied concept of Direct and Reciprocal Monetary Gifting. MMT is an excellent reform that conceptually aligns with the new paradigm, but its at least one analytic level below paradigmatic i.e. single operant applied concept analysis…which beats hell out of mere reformist thinking because its a change in the nature/temporal reality of an entire pattern/system.

De-growth is certainly a viable alternative idea, but it shouldn’t and IMO needn’t be an arbitrary argument against the new monetary paradigm and its increase in purchasing power because

1) The abundance as well as increased psychological uplift of guaranteed economic security created by the new monetary paradigm would likely make any eventual consumptive drawback a lot more palatable than would such drawback without it and on top of the current pay check to pay check kind of austerity afflicting most of the general populace. In other words humans tend to make better, more rational decisions after they’ve been graciously treated than if they’ve been long and long forced into austerity…and then told they must endure even more of such shit.

2) a doubling of purchasing power doesn’t ipso facto translate into a doubling of consumption/economic throughput because not everyone is going to eat twice as much as they do now or like Emelda Marcos develope a fetish for shoes and buy twice as many as they currently have. I think you’d of course see a big uptick in consumption by the poor and unemployed, but rather soon you’d probably see what happens with excess income, namely a lot more saving and investment which if rationally and ecologically incentivized could actually contribute to consumptive sanity. And in the new monetary paradigm where inflation is macro-economically conquered and savings (supposedly, idiotically) no longer have negative economic effect, lets have more investment in innovative energy and conservation technologies.

3) Again, with inflation macro-economically resigned to the dust bin of history that leaves the door open to the fiscal funding of the kind of mega-projects necessary to confront and handle climate change like the under planeting and/or off planeting of at least the worst carbon emitting means of production. So no need to shrink from the size of the task.

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The entire concept of free markets is not only a temporal delusion (just consult the tax code of any nation as well as whether or not any regulations that effectively direct finance are actually enforced), but it confuses the alternately goosed and strangled chaos of overweening financial domination with freedom.

In the human temporal universe there is actually only freedom amongst known and enforceable barriers…except in the economy that is. Its why you, the individual, can’t walk into a theatre and yell fire. A little thing called ethics. But in an economy dominated by Finance and its monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of new money, dominating power, profit and control IS the ethic, or shall we say the anti-ethic.

Markets should be abundantly free flowing and serve the individual, not a fetish and delusion, and commercial agents could and would be granted many benefits they don’t have now…so long as they abided the natural philosophical concept behind the new monetary paradigm. In other words there would finally actually be abundant power, profit and reasonable control because the primary cause of out ethics would be replaced by known and enforceable barriers derived from a universally recognized superior ethic. So what is the natural philosophical concept behind Gifting? Ponder that one.

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Yes, power is addictive and as Lord Acton said absolutely corrupting. The only business model that hasn’t innovated in some constructive way (their derivatives debacle in the GFC doesn’t count as constructive) is Finance. And think about it, Finance’s monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of new money hasn’t changed for the entire course of human civilization no matter whether it was the Palace or the private banks that was in control.

We live and labor under Finance capitalism afterall. But rather than get into the ubiquitous (false) duality of capitalism vs socialism, which Finance is happy to see us expend all of our mental energies on, why not try finishing Hegel’s dialectic with a true synthesis, that ups our analytic game from mere reform and theoretics to the level of the operant applied concept/paradighmatic level which is the core of the core economic problem. As Dr. Keen correctly said: “Neo-classical macro ignores money, debt and banks”. I’d only add that its the monopolistic monetary paradigm of Debt Only wielded by the private banks that is what desparately needs changing…because it keeps our deepest economic problems in continual suspension and enables them to rise from the ashes of their own folly like in 2008.

We DO need to make competition and innovation not only alive but vibrant. Thats why in my book I suggest creating a new governmental department called The Department of Competition, Innovation, Boycotting and The Public’s Bully Pulpit where weekly press conferences would point the finger at CEO’s and corporations that try to game the new monetary paradigm, whose policies double everyone’s purchasing power, potentially doubles the available demand for every enterprise’s goods and service and ends price and asset inflation by of all things implementing beneficial deflation, and asks the question: Well Mr. John Q. Public, what are you going to do about these guys that are trying to undo the 100% increase in purchasing power the new paradigm just granted you, eh?

I predict that if Andrew advocates pairing his enlightened policy of a UBI with a 50% Discount/Rebate policy at retail sale that his Forward Party will be able break through and become the majority with a politically integrative coalition not seen since FDR. Why? Because of the following facts: 1) a 50% discount at retail sale immediately doubles everyone’s purchasing power. Do the math! 2) It would also potentially double the available demand for every enterprise’s goods and services making it integrative of the tension if not full blown opposite self interests of both the consumer and business. 3) It ends inflation forever by implementing BENEFICIAL price and asset deflation. Whew! Do the Math! 4) It makes a $1000/mo. UBI able to purchase $2000/mo. of goods and services. 5) If everyone 18 and older is guaranteed $2000/mo. of purchasing power why would we need the payroll taxes working people and enterprise pay for welfare, unemployment insurance and even quite quickly for social security??? 6) Everyone wants to end inflation, the democrats want more economic democracy and the republicans want to lower taxes. The pairing of UBI and the 50% Discount/Rebate policy at retail sale effectively integrates the best parts of the economic agendas of both parties and also enables a political integration the nature and size of which we have never seen.

Ants despite nil ability to abstract are smart. Humans despite relatively great ability to abstract are way too often stupid. Ants attention is probably almost entirely on the moment. Humanity’s attention is so often distracted from distraction by distraction that they miss not only the incredible detail available to experience directly in the moment in their present time environment but become so habituated to abstraction that they’re stuck inside their own heads…and barely experience the moment let alone perceive it as the vibrant and by all accounts by saints and poets like Blake, the place where wisdom and ecstatic experience can only be had. Do I advocate pre-frontal lobotomy or something? No, only to heed the following two quotes: “The mind is a wonderful servant, but a terrible master. “The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift.”

“Technological advance has nothing to do with true human, humane progress, because it has always served economic interests and because these interests have never allowed technology to be informed by philosophy, social relations, and other things to do with advancing the human cause and the human spirit.”

So true. This is not to despair of technological advance it is the recognition that technological advance is a temporal universe “thing” when “true human, humane progress” is an internal human change for the better/higher. Temporal universe reality and individual human reality are so often at odds. The point is to integrate them so as to create a thirdness greater oneness of only the truths, most efficacious applicabilities and highest ethical considerations of any chosen problematic duality. An example of this process is Hegel’s Thesis, Antithesis, Synthesis. Politically, socially, economically and probably most importantly psychologically we too often get caught in the duality and forget to conclude the wisdom insight that necessarily includes the thirdness greater oneness of the Synthesis.

The very mindset and process of Wisdom is integration, most especially of opposites. The full integration of opposites should be our motto and our mental tool because Wisdom is always about solutions, higher and better solutions. And what is the highest set of opposites to integrate? Why the opposites of the internal and the temporal reality of course. And this kind of occasional phenomenon is what is referred to as a paradigm change. A paradigm change is a SINGLE efficaciously applied MENTAL concept that changes an entire TEMPORAL universe COMPLEXITY, system, life pattern, body of knowledge. (for instance geo-centrism to helio-centrism or nomadic hunting and gathering to agriculture, homesteading and urbanization) New paradigms are always Wisdom insights, in fact a wise integration of the supreme opposite realities of the MENTAL and the TEMPORAL.

And yet almost no one analyzes on the paradigmatic level (the single operant applied concept level), and thats why Keynesian economics gets morphed into the present neo-classical macro-economics, that so many rightly abhor, because reforms are always gamed and over turned…when if you find the correct paradigm that requires changing its a permanent and comprehensive change. Have we gone back to Ptolemaic cosmology? Nomadic hunting and gathering as an enforced lifestyle?

We should ask ourselves what is the most problematic paradigm in the economic system, and as new paradigms are always in conceptual opposition to the old/present paradigm (examples above) what is the opposite concept to be applied? Well, after all reductive analysis we live and labor in Finance Capitalism. So finance/money seems to be a good indicator for a new paradigm. And what is the heart and strength concept that Finance utilizes to dominate with? It is the monopolistic concept of Debt As In Burden To Repay ONLY. It’s the word ONLY that designates it as a monopoly paradigm. And what is the concept in direct opposition to Debt as in burden to repay ONLY? Why Monetary Gifting of course. All of the major economic reforms align with this (still largely unconscious) concept. What is UBI? Monetary Gifting. What does MMT suggest we need? Larger Fiscal Deficits, in other words Monetary Gifting to government contractors/various bureaucracies. What does Steve Keen say de-stabilizes domestic economies? Ever increasing PRIVATE debt. And what does he suggest we do about it? “A modern debt jubilee” which is a great form of Monetary Gifting…but still not the most most efficaciously resolving and universal way to integrate Monetary Gifting into the Debt Only based system. And that would be a 50% Discount at retail sale (everyone participates in retail sale) all of which discount is rebated back to the retailer by the monetary authority so that they can be whole on their overheads and margins of profit. It is the precise expression of the new paradigm which is Direct and Reciprocal Monetary Gifting. It immediately doubles everyone’s purchasing power without increasing any business costs while potentially doubling the demand for every enterprise’s goods and services and as a kicker it implements BENEFICIAL price and asset deflation. There’s a nice temporal universe complete inversion for you.

There is a complete policy and regulatory program in my book that fills out and stabilizes the new paradigm. https://www.amazon.com/dp/B07PLNJLRN/ref=sr_1_1?keywords=wisdomics-Gracenomics&qid=1552358772&s=books&sr=1-1-catcorr

Many authorities often bandy the word paradigm around without truly understanding what they actually are or how they’re deciphered. Here are some of the reasons this is so:

Defining paradigms

Paradigms are operant applied single concepts that due to their integrative analytical depth and breadth of beneficial effect change the character/nature of entire patterns.

Habituation to reform

The impulse to reform is good, and reform analyses can be good sign posts for the discovery of new paradigms. However habituation to reform is a major stumbling block to new paradigm perception.

The hurdle of the near monopoly modalities/mindset of Science

The mindset and modalities of scientific inquiry are logic and reductionism. This itself is an excellent and necessary ethic, but habituation to it alone is deadly to perceiving new paradigms as paradigms are integrative/wholistic phenomena, nay the quintessential human and cultural integrative/wholistic phenomena. Science is best when it is open minded even about its mindset/primary modality, and this is shown by the historical fact that scientific breakthroughs more readily occur when scientific inquiry is understood as a process and its findings are accompanied by/realized due to insights derived from an aspect of consciousness itself like imagination.

The courage/audacity to confront conceptual opposition

New paradigms are historically always in complete conceptual opposition to the current/old paradigm. Given the fact of the modalities and mindset of science and the almost understandable human proclivity to guard one’s reputation and career principled courage/audacity tends to be the exception.

Understanding and practicing thirdness greater oneness

We need to re-discover and completely comprehend Hegel’s dialectic. Pundits and theorists have become overly innured to the dualism within the trinity/unity/oneness/process that the dialectic actually is, i.e. thesis, antithesis AND synthesis/INTEGRATION OF ONLY THE TRUTHS, BEST WORKABILITIES, GREATEST APPLICABILITIES AND HIGHEST ETHICAL CONSIDERATIONS OF THE DUALITY.

Embracing the superlative intellectual discipline of Wisdom

Science is wonderful, necessary and delicious, and it exists entirely within the digestive tract/mindset of Wisdom. Why settle for partial understanding when essential and both temporal universe and individual mental change is possible?

Recognizing the essential sameness of Wisdom insights and Paradigm perception

Cogniting on the pinnacle concept of Wisdom and the deepest secret of all new paradigms

T: Consider that monetary sovereignty won’t make it to home base because it’s too good to be true. How many jobs would be eliminated that are strictly money making jobs? Where would all those people go; what would they do? And the migrants at the southern borders? What about all those lawmakers who love the noteriety, attention, power and influence while tending to our problems? All those big, tall, empty buildings: No need for insurance and all those 9 to 5 office people? All the police with too much time and little crime on their hands just driving around and around eating donuts? No more of the usual nightly bad news? Just think when it suddenly becomes obvious monetary sovereignty means freedom from Bullshit! How can we function if money is no longer Bullshit?

Me: Everything adapts to a new paradigm…not the other way around. Historically that has always been true. I take that you’re being ironic, but as for all the jobs lost, the more abundant money spread generally will not only create plenty of new and different jobs, but also a lot more investment. My response to conservatives when they raise such objections is: “Hey, creative destruction and all of that…and what’s good for the goose is good for the gander.”

BG: “Unfortunately, the pandemic induced inflation certainly hasn’t helped MS/MMT arguments in the broader populace. This oversimplification of the issue has really hampered any ability to have any rational discussion, bi-partisan or otherwise, regarding Social Security and FICA taxes.”

Me: True. That’s why we require a 50% Discount/Rebate policy at retail sale (along with others) that will forever banish inflation to the dust bin of history by of all things implementing macro-economic BENEFICIAL price and asset DEFLATION. What a mind blowing and orthodoxy destroying thing that would be. The present monopolistic monetary paradigm of Debt Only as the sole form and vehicle for the creation of new money is the core of the core problem. Change it and you change the entire pattern of economics because money/finance is such an integral and ubiquitous part of the economy.