MMT is an excellent systemic reform. Full stop. Its problem, like every reform, is it lacks adequate conceptual/paradigmatic analysis. The applied ideas behind/underneath our systems that create and re-inforce temporal universe AND personal/acculturated realities are where the real power for change exists.

Yes, its the framing of MMT that is inadequate, and that, again, is why we need conceptual/paradigmatic analysis. Debt is a loaded moral concept, when what we need is ethical analysis. Ethical analysis is the rational consideration of mere black and white/moral analysis. Debt itself is not unethical…only the monopolistic paradigm concept of Debt ONLY. The word ONLY designates it as a monopoly concept/paradigm. Break up that monopoly with the paradigmatic/diametrically opposed concept of Strategic Monetary Gifting

Financially we live in a pre-Lutherian age because we have not cognited on the fact that the present monetary and economic paradigm is the monopoly concept of Debt ONLY. Luther began The Reformation by pointing out the dominating monopoly nature of the Roman Church’s paradigm/claim that salvation was assured via their sacraments ONLY.

Integrating the new concept of Strategic Monetary Gifting into the Debt Only system specifically with a 50% Discount/Rebate policy at the retail point of commercial agents including Finance, and other conceptually aligned policies, and we will have a monetary, financial and economic paradigm change.

Yes, MMT is incomplete and BTC is privacy as in lack of security more than anything close to a solution.

Just posted this to Keen’s latest YouTube Video: Please correct this phrase as the key reason for economic turmoil: “bank loans create deposits” to “new money in the form of bank loans is always and everywhere in the MONOPOLY form, vehicle AND PARADIGM CONCEPT…OF DEBT ONLY”.

And, as price is debt in the sense of THE BURDEN TO PAY AND REPAY, the presently enforced concept of BUYER MUST PAY 100% OF PRICE is a monopoly paradigm as well.

Resolve these conceptual monopolies by implementing a 50% Discount/Rebate policy at the retail point of all commercial agents including Finance and you will effectively integrate the new monetary paradigm of Strategic Monetary Gifting into the DEBT ONLY system.
Yes I troll Keen, who I learned very much from, but its ethically justified because new concepts/paradigms are solutions while systemic analysis generally fails to analyze on the conceptual level and hence its policy recommendations end up being only palliatives.

Please correct this phrase as the key reason for economic turmoil: “bank loans create deposits” to “new money in the form of bank loans is always and everywhere in the MONOPOLY form, vehicle AND PARADIGM CONCEPT…OF DEBT ONLY”.

And, as price is debt in the sense of THE BURDEN TO PAY AND REPAY, the presently enforced concept of BUYER MUST PAY 100% OF PRICE is a monopoly paradigm as well.

Resolve these conceptual monopolies by implementing a 50% Discount/Rebate policy at the retail point of all commercial agents including Finance and you will effectively integrate the new monetary paradigm of Strategic Monetary Gifting into the DEBT ONLY system.

Debt jubilee is a good idea, but doing it as a one off just enables Finance and the present oligarchy to re-dominate the 99% and every other business model but Finance…because they still wield the present monopoly monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of all new money.

Why don’t you see the efficacy of a 50% Discount/Rebate policy at retail sale? Its a continual debt jubilee (and remember the retail point of Finance is your loan payment so you also get 50% of that payment paid by the government or the central bank in addition to the 50% off at the home builder or car dealership). Do the double entry bookkeeping that sums to zero on that policy.

Everything is a palliative reform until one cognites on the way to apply a new paradigm to a system, body of knowledge or area of human endeavor and then all of the anomalies are resolved and old realities get inverted.

Because:

A) its the ultimate physical reality,

B) a trinitarian process of our consciousness perceiving particles popping into and back out of existence which is reflective of both the very process/action of consciousness itself, i.e. (1 consciousness, 2) reaching out to perceive, 3) withdrawing consciousness,

C) the signature of Wisdom, i.e. Integrative Thinking and

D) an ultimate graciously Gifted temporal universe reality of a time universe within which all of us can be conscious, act and exist.

Again, you’re making my point. Now please recognize the concept and its point of implementation that can address and resolve this problem as well as numerous others that afflict modern economic systems.

The present monetary paradigm is the MONOPOLISTIC concept of Debt ONLY as the sole form and vehicle for the creation of all new money. All new paradigms have historically been in complete conceptual opposition to the present one. Examples: geo-centrism vs helio-centrism and tribal nomadic hunting and gathering to homesteading, agriculture, urbanization and nationalism. So what does that make the oppositional concept to Debt ONLY? Strategic Monetary Gifting, especially at the single universally participated in/macro-economic point in the entire economic process…retail sale. Do this by utilizing the same method that the banks and government use to create money presently: equal debits and credits that sum to zero with a 50% Discount/Rebate policy at that point. That breaks up the monopoly paradigm, resolves inflation by turning its terminal expression point into beneficial price and asset deflation, and doubles the purchasing power of everyone (however, to deal with the Cantillon effect the wealthy only get a 5-10% discount so the poor things only save $1-2 million on their next $20 million dollar yacht instead of $10 million).

Economists also need to get past the fraudulent misnomer of “free” market theoretics and see it as it actually is: not freedom but an underlying and enabling framework of dominating unstable monetary and financial chaos via the wielding of the monopoly paradigm of Debt ONLY.

Its a thinly disguised attempt to acculturate, (read make more unconscious in the minds of the general populace), the authoritarian mindset.

To aid energy research and mitigate some of the uptick in consumption as a result of a 50% Discount/Rebate at retail sale, why not implement a sliding scale required investment of gifted money into 5-6% eco-energy R & D bonds. Its still a gift just a gift of investment so it aligns with the new monetary paradigm and it propels investment toward rational scientific goals.

True paradigm changes always open new doors mentally and temporally.