Economics is complex. Money and money creation is not, and as money and its accumulation is a major priority of capitalist economic systems if you found a way to simultaneously double everyone’s purchasing power and slay the biggest bitch of everyone, namely inflation, with a single policy…you’d deserve a non-Nobel prize for economics. To wit the 50% Discount/Rebate policy at retail sale and the rest of the new monetary paradigm policy program.

Dante was correct in resigning politicians to the seventh level of hell.

The only thing more powerful than money itself…is the new paradigm of Monetary Grace as in Gifting. Why? Because it solves the deepest economic problems of everyone including the very rich, yet it implements barriers to the powers of the wealthy where there were no such barriers before. The new monetary paradigm of Gifting implemented by a policy program including a 50% Discount/Rebate at the point of retail sale will thus become the new “third rail” of politics ending the careers of anyone who opposes it benefits, and creating the greatest coalition for rational and ethical progress probably composed of members of both parties because it integrates both power and graciousness…thus saving politicians from themselves.

There is only freedom in the human universe between known and enforceable barriers because there’s this little thing called ethics. The current framework of free market theoretics is a fetishized misnomer for the actual reality it enables and enforces which is the dominating chaos of the current paradigm for the creation and distribution of new money which is the monopolistic concept of Debt Only. A chaos from which only the private banks and the very wealthy periodically emerge almost unscathed even though their greedily abusive wielding of the power of that paradigm is the source of the chaos itself.

The apparent illogic and conceptual simplicity of paradigm changes may insult the intellectual vanities of the erudite and evoke anxiety for their scientific reputations if they dare to advocate for same, but they can’t deny those two historical signatures.

The “trick” with conceiving and perceiving new paradigms is to utilize the superlative intellectual discipline of Wisdom which is the impulse and process of integrating, synthesizing and finding the applications of conceptual opposites. Science? Its wonderful, necessary and delicious…and it exists entirely within the digestive tract of Wisdom.

Finally, the real key to Wisdom/paradigmatic insights is to understand that the beneficial effects of every historical paradigm change have always been an aspect or aspects of the natural philosophical concept of grace. And why is that? Because a few of the aspects of the concept of grace are

1. unity as in integration of opposites,
2. trinity as in thirdness greater oneness,
3. abundance,
4. a new and increased awareness/consciousness of truth and reality and
5. a dynamic, integrative, trinitarian applied flow and process in time/the temporal universe that replaces the static and seeming unresolvability of a problematic duality/opposites.

MMT has money creation right. Full stop. They just don’t follow through with their own insight that accounting is the tool to create money…and then apply that with a 50% Discount/Rebate policy at retail sale which would transform chronic erosive inflation into beneficial deflation and double the purchasing powr of EVERYONE.

As for worrying about having the resources thats just caving to the “everything is unresolvably complex and worrisome” delusion of “free” market theoretics. You want change that benefits everyone? Double everyone’s purchasing power and see if the market, restrained by a few ethical regulations that stabily secure the huge benefits of that single policy, will provide the resources. And you could also implement a policy of a sliding scale percentage of gifted money required to be invested into eco-energy and infrastructure bonds…just to help that process along.

Or we can wring our hands and do nothing for a few more decades until there’s billions on the left and billions on the right dying from converging crises…that could be resolved by integrating Monetary Gifting into the Debt ONLY system. The Martians must be laughing their asses off.

A: The national government subsidising half the purchase price of all goods and services sold in the economy is similar in operation to a UBI and would be equally pointless. Both a goods and services subsidy and a UBI would increase consumption, employment would fall to zero (so far so good) but after that wage inflation would occur. Ever higher goods and services subsidies or UBI payments will further drive up inflation without much increase in productive capacity. The MMT economists instead recommend that the national government spend more than it taxes until the full employment condition is reached and this is optimally accomplished through a nationally funded and locally administered Job Guarantee program. Through well targeted government spending and regulations that prioritised human wellbeing such as healthcare, education and infrastructure, and beneficial market forces the productive capacity, productivity, competitiveness and societal relevance of the national economy can improve over time.

Me: You’re not looking at the deflationary effect of a 50% discount at retail sale. We’ve never had a 50% rate of inflation y/o/y let alone a moment to moment one which is the effect of the 50% discount/rebate policy. Actually I advocate for a 52% discount/rebate which would allow a 2% per annum increase in profit margin before any revenue an enterprise garners from an additional rise in prices would be taxed at a rate of 100%. The discount would also be indexed to any further computed inflation. If you can’t appreciate a single policy that doubles the potential demand for every one of your goods and services YOU are the problem NOT the new monetary paradigm’s incredible benefits. Free market theoretics are a fetish and a misnomer for what they actually are which is chaos created by the present paradigm that allows Finance to dominate every other legitimate enterprise and create serial crises from which only Finance emerges basically unscathed and still wielding their monopoly monetary paradigm.

Me: Chaos is the lack of known and enforceable barriers…within which human freedom can exist. Can you walk into a theater and yell FIRE! No. Human freedom exists only within known and enforeable barriers…because there’s this little thing called ethics and the other little thing about human systems which is: is it true and does it work.

The PRIVATE banks create upwards of 97% of all new money TO INDIVIDUAL AND CORPORATE AGENTS every year ONLY AS DEBT and as we’ve seen recently and throughout human history they:

1) keep on creating it often in “innovative” ways until

2) agents can’t pay it back which initiates a crisis

3) THIS MAKES PRIVATE DEBT THE PROBLEM NOT GOVERNMENT “DEBT” WHICH IS ACTUALLY A PAYMENT TO THE PRIVATE SECTOR, and the Banks would love for everyone to argue over forever while they dominate everyone with their monopoly paradigm of DEBT ONLY

4) The banks are the ones creating the instability and yet they are the only ones who emerge unscathed from THEIR chaos causing paradigm

5) The solution to the current Debt Only monetary paradigm is strategic integration of MONETARY GIFTING into the Debt ONLY system.

6) The 50% Discount/Rebate policy resolves inflation which is just another of the effects of current “free” market theoretics which must be seen through by MMTers…if they want to be effective and be a part of the new paradigm instead of just another good but palliative reform.

Because they were never offered a policy beneficial enough to separate their mutual self interests…until now with the 50% Discount/Rebate policy at retail sale and the rest of the policies in my book that align with and stabilize the application of the new monetary paradigm.

There’s nothing like a change in the monetary paradigm to dispel all of the failure to rationally act in the face of converging crises. Why? Because money is what enables actions in the temporal universe, and if you created a policy like the one in my book that would require a sliding scale percentage of GIFTED money to be invested in eco-energy R & D and infrastructure bonds at like 6-7%…just how much rational action toward resolving the climate crisis might that create???

PO: DOGE dividends would have to pass the House and Senate – and the Senate’s filibuster – before Trump can send out more checks with his name on them. The DOGE dividends would have to be shoved into the pending tax cut reconciliation bill and the tax cuts for the rich would have to be reduced to keep the bill “revenue neutral.” Ain’t no way rich folks’ tax cuts will be reduced to send checks to working people.

Me: Yes, monetary gifting is the answer to economic problems. Always has been. The trick we need to learn is how do we gift EVERYONE, especially in a way that ends the biggest bitch everyone is complaining about? Why retail sale of course because EVERYONE continually participates in/is effected by the price at retail sale…and using MMT’s correct claim that our money is created by equal debits and credits at that point, …would change that excellent insight into a mega-paradigm change. Whatta you think Stephanie? Do you want to be a part of a good insight or a mega-paradigm change?

There is nothing per se wrong with abstraction. Its only when you cannot perceive the blessedly new and vibrant experience of the topography of the present moment because your stuck in the map of the topography in your head.

Great discussion. If one consults the history of paradigm changes it can be perceived that every one of the benefits of those changes has always been an aspect or aspects of the natural philosophical concept and experience of grace. For instance: 1) humanity’s emergence from an animalistic and narcissistic paradigm of Self Survival Only to the awareness of others as same and hence the Reality of Ethics, IOW a new and increase in consciousness, oneness/sensitivity and potential for lovingness toward the other all of which are aspects of grace as in graciousness which is love in action. 2) the change from nomadic tribal hunting and gathering to homesteading, urbanization and agriculture and the consequent increase in ability to reap abundance and so better survive with abundance and greater survival as the aspects of grace and 3) IMO the change from the current monopolistic paradigm for the creation and distribution of all new money of Debt Only to a strategic integration of Monetary Grace as in Gifting into the Debt Only system.

The entire policy program for this change is in the kindle version of my book Wisdomics-Gracenomics: The Transformation of Economics and Creating An Everyday, Universally Participated In Infrastructure For The Self Actualization Of Gratitude here: https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies-ebook/dp/B0C49B9PX7/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr

What your discussion was most basically about was how do we make the change from a zeitgeist/ethic of the age of Power to one of Grace. How serendipitous would it be if the power of money was transformed into the greatest opportunity to self actualize grace as in gratitude since meditation and prayer?