The new monetary and economic paradigm of Gifting is way too simple for the intellectual vanities of the erudite, way too illogical for the terminally orthodox and way too world changing, problem resolving and fulfilling of the historical signatures of the phenomenon, including serendipity, not to be a genuine paradigm change.

I’m here to show you a single policy that will resolve the three most chronic and sticky problems with modern economies, whose benefits are so great and universal and hence such a political winner that, if effectively communicated, won’t even need the stupendous funding political campaigns now require because its So incredibly beneficial for EVERYONE, and last but not least it could enable a sorely needed psychological evolution of the general social mood and even reverse the decline of the republic. I know these are grandiose claims, but I stand by them.

I hasten to say that there is an entire stabilizing policy program that attends this single policy, but the one I’m focusing on today is the very expression of the new key monetary and economic paradigm concept and, as I will also demonstrate, is the same concept whose beneficial effects have always been the aspect or aspects of every historical paradigm change.

Ok. So what are the stickiest problems I referred to? #1 chronic erosive inflation which #2 diminishes everyone’s purchasing power and #3 big ticket/asset prices that require private financing also go up which eventually de-stabilizes the economy…which enlightens the fact that PRIVATE individual and corporate debt is the problem NOT government debt which the treasuries that fund it we know is actually an investment that is a payment to the private sector.

Now how do the banks and the government create new money? By no other means than using the accounting operations of equal debits and credits that sum to zero. In other wprds they open a new T account and say: “Okay here is your $1 million dollars, oh, and by the way you OWE us a debt of $1 million dollars plus the interest on the loan” The government as I’m sure you know funds any “deficit” between taxes paid and spending legislated via the same accounting operations with the creation of US Treasury bonds.

Ok, what is the single policy that resolves these problems? I call it the 50% Discount/Rebate at retail sale. And the best way for one to see its real world benefits is to simply act out the policy so one sees the realities for both the customer and the merchant.

So you go to Wal Mart and buy $100 dollars worth of groceries and state, county and city sales taxes make the total of the bill $109.90. (This is another benefit for the Discount/Rebate policy which is that the monetary authority not only pays 50% of the price of the groceries it pays for 50% of the sales taxes as well. Wal Mart says okay we’re reducing your bill to $54.95. Wal Mart then books the $54.95 into the T-Accounts titled Total Sales Discounts and Sales taxes and the monetary authority rebates them the daily total of both accounts so they are made whole on their entire price plus half of the sales taxes Wal Mart collects for the state and local governments.

With the $60 EV the price and taxes are reduced by half and the rebate is again the other half. The $66k-$33k = $33k total…but the retail point of your loan is your car payment and the monetary authority pays for half of that total which means the consumer will actually pay only $15k plus half of the total sales taxes for the $60k EV. In the case of a $500k house the consumer ends up only paying $125k plus half of any applicable taxes.

This policy creates BENEFICIAL price and asset deflation, doubles everyone’s purchasing power and consequently the potential demand for every enterprise’s goods and services so it integrates the self interests of both merchant and consumer and makes it Christmas every day and even multiple times per day with a gift of price which in the healthy and smart person should evoke gratitude. Serendipidously, the greatest benefit of this policy is that its the greatest opportunity to self actualize gratitude since meditation and prayer. Visualize the potential social and psychological benefits of that.

Rebuttals and other policies and regulations: 1) Permanent 2% per annum inflation rate allowed after which all inflations are taxed at a rate of 100% and also Discount is indexed to computed comprehensive honest rate of inflation. 2) New Deptartment of Innovation, Competition, Boycotting and The Public’s Bully Pulpit 3) $1000/mo. universal dividend at age of 18 for entire adult life, 4) Job Guarantee and new acculturations of positive purposes including employment 5) After first two years of post secondary schooling grace period universal dividend is reduced by half ($500/mo. if individual does not average 20 hrs./wk of employment for 5 years and when 5 years of part time employment is accomplished full $1000/mo. dividend is re-established 6) Sliding scale of gifted money taxed and placed in 6% eco-energy R & D Treasuries and for new and updated Infrastructure. (mitigates excess consumption and is still a gift, just a gift of investment) 7) Dividend enables us to eliminate payroll taxes for welfare and unemployment insurance 8) income taxes are able to be reduced as inflation is terminally resolved 9) sliding scale based on annual income of reduced retail discount with earners over $1 million receiving only a 10% discount.

New monetary paradigm fulfills every signature of accomplished paradigm change

Natural philosophical concept of grace is the concept behind every historical paradigm change

Concept of the mega-paradigm change

Fallacy and fetishism of “free” market theoretics and how the monetary paradigm transforms the chaotic unworkability of that framework into a more stable, abundant and free flowing economic system with known and enforceable barriers.

It actually greatly expands and stabilizes the market for finance because how many more people will now be creditable and with the increase in purchasing power even want to own multiple homes for which the banks will receive the full interest on their loan of $250k? (Mention current monopoly paradigm wielded by the banks is parasitical as it is always either post retail sale or pre-production.)

Ray, I don’t disagree with your analysis per se at all, its historically accurate except for one thing, that is it describes everything that happens in the cycles you describe…but not of an actual and genuine paradigm change which is the most rare but the most inclusively progressive phenomenon in human history. Beyond “garden variety” paradigm changes there are what I refer to as mega-paradigm changes of which there has probably only been three in human history

1) the emergence of self awareness from the paradigm of self survival ONLY and so the reality of ethics,

2) the initial and ongoing invention of tools and

3) the change from tribal nomadic hunting and gathering to homesteading, urbanization and agriculture.

I assert that the fourth mega-paradigm change will be from the current monetary paradigm for the creation and distribution of all new money (which hasn’t changed since the first day of the third mega-paradigm change above) of Debt ONLY via the strategic integration of Monetary Gifting into the Debt Only system utilizing the same method the banks and the government use today to create new money, namely equal debits and credits that sum to zero, with a 50% Discount/Rebate policy at retail sale. Love to discuss this and the rest of its policy framework with you.

Dalio’s description of the cycles is historically accurate. The only thing it lacks is a way to resolve the problems and chaos they evoke. As Michael Hudson has chronicled private debt has always destabilized economies, and as Dr. Keen has suggested we need “a modern debt jubilee”. Only problem is, neither has discovered exactly how to prevent destabilization by preventing the continual build up of private debt and the consequent loss of purchasing power.

The ancients recognized this problem and because they were smarter/not as long acculturated to the monetary paradigm for new money creation they had periodic debt jubilees/monetary gifting that greatly eliminated private debt. The problem with this was it was periodic which means it was a mere palliative that enabled Finance to re-dominate for another 70 years when a paradigm/permanent change was what was/is required.

The solution:
1) A 50% Discount/Rebate policy at retail sale so everyone gets $100 worth of groceries for $50, a $60k EV for $30k and a $500k house for $250k thus doubling everyone’s purchasing power yet every merchant gets their full price with the rebate and
2) the result is beneficial price and asset deflation accomplished by more money creation (the heads of the orthodox explode)
3) the effect is universal and continuous because its point of implementation is retail sale which is the single aggregative as in macro-economic/universally participated in and effected by point in the entire economic/productive process.

Thank you non-Nobel prize committee.

You definitely won because Moore is incapable of thinking a new thought on money and debt. However neither of you have crossed the Rubicon conceptually/paradigmatically or realized that a huge part of the problem is realizing that the bulk of free market theoretics is actutually a framework that enables Finance to dominate with its monopoly paradigm for the creation and distribution of new money AKA DEBT ONLY due to the fact that it (the theoretical framework) is a chaotic/non known and enforceable barriers one. Michael Hudson has shown that historically private debt de-stabilizes economies. We stop that by strategically integrating Monetary Gifting into the Debt ONLY system. Finance will rule us until we do exactly that.

Viewing this video, Moore is absolutely psychotic on the subject of money. Most libertarians are the same. MMT is absolutly correct on the mechanics of money creation, but they apparently will not analyze the economy and money on a conceptual level. If they did they would easily see that implementing a SUPPLEMENTAL accounting operation of equal debits and credits that summed to zero with a 50% gift of price to the consumer at retail sale and a reciprocal rebating of that same amount of price and monetary gift back to the merchant granting it to the consumer resolves inflation by doubling everyone’s purchasing power, integrates the normally opposed self interests of merchant and consumer, ends the private banking system’s monopoly paradigm that new money can only be created as debt and let the benefits of gratitude for a gift be CONSCIOUSLY self actualized because its Christmas every time you go to the store to buy something.

Don’t be an idiot psychotic about money by committing the faux pa of refusing a gift and we’ll all wake up to a more abundant and stable economy.

TB: Free market means people are free to do what they want. You want a Nazi socialist fascist kind of government to interfere with peoples freedom to do what they want economically?

Me: Ted: You’re just an old fogie and acculturated orthodoxy fool who isn’t looking at the temporal universe realities the policies I suggest here CREATE. Try looking at those realities will ya?

As I explained current free market theoretics isn’t free at all…because its a chaotic/fetishistic/no actually enforceable barriers framework, and actual human freedom can only exist within enforceable barriers. Hence the “free” in free market theoretics is both a misnomer and a delusion. I’m just providing the barriers and a means of resolving centuries long problems in the economy and money system.

The chaos of Trump is probably partly his spiteful idea of fun and partly the historical psychosis of thinking that doing the same thing that didn’t resolve over and over…is going to result in a resolution. It IS true that the chaos of identity crisis is a requisite for breaking out of the orthodox mindset and being willing to actually look at alternatives. Thats the mental phenomenon that always accompanies genuine change and is particularly difficult with new paradigms…because it requires embracing conceptual illogic which is an historical fact of accomplished paradigm changes but is rare in an era of scientific intellectual inquiry ONLY.

So it takes bravery, open mindedness, creativity and a higher toleration of ambiguity. However, the most important thing needed to break through to these desired traits is to have a program whose benefits are mentally demonstrable to the general populace. We also have digital technology and mass social media which can shorten the time it takes to get to the mind of the masses.

So let us take MMT’s insight that fiat monetary systems create new money with accounting entries and communicate how utilizing that same process at retail sale with a 50% Gift of Price to the individual and a rebate back to the merchant of same:

1) wildly benefits everyone,
2) resolves inflation and
3) serenditously enables the greatest opportunity to self actualize gratitude since meditation and prayer.

What you are missing is 1) Look at what the consumer pays ($40k for an $80k auto = temporal universe FACT of beneficial DEFLATION) 2) Commercial agent gets their entire price of $80k with the rebate aspect of the policy 3) and probably most importantly, you miss the fact that the current bulk of “free” market theoretics is a delusional misnomer for the actual reality which is a chaotic theoretics that does not enable ACTUAL control…because the current monetary paradigm for the creation and distribution of new money is DEBT ONLY (a dominating MONOPOLY paradigm concept exactly like Salvation Via Roman Catholic Sacraments ONLY was before The Reformation) when strategically integrating Monetary Gifting into the DEBT ONLY system with the 50% Discount/Rebate policy at retail sale creates the realities of 1 and 2 above which resolve inflation and brings a more prosperous and stable economic system.

The way to prevent inflation and double every individual’s purchasing power is to implement a 50% Discount at retail sale and then have the government or the FED rebate every cent of that discount back to the merchant so they are made whole on their entire price and all you have to do to accomplish that is to recognize that MMT correctly states that our new money is created by double entry bookkeeping. The policy is simply an application of MMT insight. Thats why I’m puzzled she doesn’t respond by saying: “Oh, yes! Lets communicate that to everyone on social media and win the day!

Yes let us have balanced trade and the Bancor for international trade…and a 50% Discount/Rebate policy at retail sale utilizing double entry bookkeeping and the domestic currency in order to immediately double the potential individual demand for every enterprise’s goods and services. International stability and a monetary paradigm change: a great progressive moment in human history.

The present and increasingly rigid intellectual paradigm is Science Only. Science is wonderful and necessary, but its reductionist methodology is in logical and conceptual opposition to the integrative, inclusive and resolving phenomenon of conceptual/paradigmatic analysis. Hence Science Only is actually the equivalent of Ptolemaic cosmology where you can fiddle around with epicycle type fixes and yet never get to the base of the key problem (the current monetary paradigm) and find the new concept’s optimal applications…that will change the character and realities of the entire system you’re analyzing.