“The US$ is a simple public monopoly, already!” Its a potential public monopoly. The private banking system wields the active systemic monopoly to create virtually all new money…and the central bank, instead of utilizing that power instead bails the banks out when they screw up the system instead of democratizing the money system. But wait! This still isn’t the core of the core problem…which is the monopolistic monetary paradigm concept itself AKA Debt ONLY. Integrate the new paradigm of Strategic Monetary Gifting specifically at retail sale with a policy of a 50% Discount/Rebate and other policies to stop the banks and enterprise from gaming the new paradigm…and you mathematically double everyone’s purchasing power, integrate the normally opposed self interests of business and the consumer and transform chronic erosive inflation into beneficial price and asset deflation. The heads of the orthodox explode!
Its all about the new monetary paradigm because the ideas/paradigms behind our systems create and enforce their deepest realities. Starting Analyzing there is the essential and most efficacious place to start.
MMT is absolutely correct in its systemic analysis, but Mosler and all of the other leading economic analysts like Steve Keen and Michael Hudson ONLY analyze on the conceptual/paradigmatic level instead of the deeper conceptual/paradigmatic level. Sadly, that relegates their economic reforms to mere epicycles.