1. All new money is created ex nihilo, that is out of nothing, simply with double entry bookkeeping, and this itself is not a problem
2. Presently, virtually all new money is created and distributed only as debt which makes the present monetary paradigm…the monopoly concept of Debt Only, and this Is a problem, primarily because of its monopolistic character
3. Paradigms by definition are both mental and temporal universe applied concepts, and so new paradigms change both the minds and the worldly circumstances of mankind.
4. Paradigm changes are permanent progressive solutions, so unless you value mere palliatives more than solutions…when a paradigm change is available…cynicism is actually irrelevant and the only choice is determined effort until the change is accomplished
5. Science is primarily identifying problems and Wisdom is about solutions
6. Problems are defined by dualities like capitalism vs socialism etc. and new paradigms are integrative thirdnesses/resolutions of seemingly unresolvable opposites/i.e. dualities, thus new paradigms and wisdom insights are synonymous phenomena

When you see, by actually looking at it, a solution of the magnitude of a paradigm change, which is both a mental and temporal universe change, then cynicism is no longer relevant, and the only decision is to broadcast and enlighten that change to everyone until its accomplished.

1. The Customer Must Pay Ultimate Full Price At Retail Sale
2. All New Money Can Only Be Created As Debt

The 50% Discount/Rebate policy at retail sale changes both of these paradigms.

Proviso: All current discounts like MSRP, loss leaders and resaler discounts on non-selling merchandise must remain in effect.

The temporal universe is set up to be/to present as a problem, that is a duality of right/wrong, self/other, thought/counter thought, emotion/counter emotion, effort/counter effort etc. etc. This 1 and 2.

Homo sapiens/wise and discerning man’s most basic job/purpose is to resolve these dualities in the best possible way utilizing its correctly identified exclusive capability namely the contemplative discipline known as Wisdom which has always been associated with “the third resolving way”…out of the trap of the apparency of the Problems Only nature of life/living/continuous change of the temporal universe. This is 3 which is the thirdness greater oneness resolution of an apparently unresolvable duality.

As the natural philosophical concept of grace as in loving action is both the superlative experience and goal of all of the world’s major wisdom traditions, and some of its major aspects are unity, integrative resolution of opposites and thirdness gretaer oneness of dualities…a major hint is to contemplate and self actualize the aspects of grace.

Steve Hummel 11/05/2025

There isn’t anything INHERENTLY wrong with the concept of debt. But everything is wrong/problematic with our current MONOPOLY monetary paradigm for the creation and distribution of ALL new money which is the APPLIED concept known as Debt ONLY.

One of your best posts Mish. It high lights how important nuance is in everything…because there’s always going to be differences of opinion, but the most important thing is to strive to guarantee the freedom and problem resolving effects…within those opinions/barriers. And authoritarianism ignores that goal and process because it monopolizes power, while democracy although messy insists that you consider/look at/seek to resolve opposites instead of being a mere apparachik.

Monopolies are ALWAYS problematic. I’m assuming you are against monopolies Mish. Monopolies create problems. Breaking up monopolies enables solutions…if you discover the key outness created by that monopoly and then apply its solution. Creating all new money ONLY AS DEBT…IS A MONOPOLY CONCEPT/PARADIGM. And breaking that up with strategically applied Monetary Gifting like with a 50% discout/rebate policy at retail sale etc. enables the things that both political parties want to see like the simultaneous resolution of inflation (both parties and everyone) and benefical deflation (Republicans/libertarians), increased purchasing power (everyone) reduced taxes (everyone especially libertarians and republicans), and last but not least a feeling of relief and gratitude for a gift of price/purchasing power that has no moral hazard and effects everyone because everyone participates in retail sale. So whats not to like about ending the authoritarian monopoly monetary paradigm of Debt Only with Strategic Monetary Gifting?

…and not looking is not even thinking, but rather mere computing on past decisions…that most of the time need revision.

Steve Hummel 11/03/2025

Then find its most efficacious applications and everything changes for the better…especially if its a mega-paradigm change and is even a step toward the only thing bigger and more momentous than a paradigm change which is a change in zeitgeist/ethic of the age.

Hint: the new paradigm concept will always be an aspect or aspects of the natural philosophical concept of grace. Like for instance the change from the current monopoly monetary paradigm for the creation and distribution of all new money which is Debt Only to the new concept which also breaks up the monopoly problem which is grace as in Strategic Monetary Gifting.

Steve Hummel 11/03/2025

The 50% Discount/Rebate policy at retail sale works better because its economic effects are more general and continuous. Generally because the 50% jubilee effect is on BOTH everyday consumer items AND on mortgage and other big ticket item’s loans, and continuously because the retail point of Finance, insurances, rental payments etc. ALSO gets the 50% Discount every month…so its not just a one-off the jubilee effect is ongoing.

Macro-economically speaking, the problem is not government debt ITS PRIVATE DEBT!!! Start there by consulting Steve Keen and Michael Hudson for their analysis…and then me because I take their correct mathematical conclusions and actually solve them…by accomplishing the most hoped for changes of both libertarian and liberal economists.

Mish, you once said that you learned alot from Steve Keen in that he made you realize that loans create deposits so you’re half way there. Now all you have to do is realize that changing the NATURE of a percentage of those PRIVATE deposits can integrate left and right economic theory and create a thirdness greater oneness of their hopes…in the temporal universe that we all inhabit.

Republican AND democrats alike are the problem because they only want to spout “solutions” read half truth orthodoxies…instead of changing a single APPLIED concept regarding the nature of new money so as to break up its monopoly effects. We need a Copernicus, not an economic bible thumping obsessive.