Posted To Stephanie Kelton’s Substack Newsletter 11/21/2024
| Cutting the interest rate (not to zero as that might destroy the market for treasuries altogether) could cut the budget somewhat, but what if congress simply instructed the FED to rebate every dollar of a 50% discount policy for evereything at retail sale. That would immediately double everyone’s purchasing power and implement BENEFICIAL price and asset deflation. Holy reversal of temporal universe realities, that would be a paradigm change in a single policy!!! |
A 100% raise in purchasing power would still not cause hyperinflation. Why? Because if a grocery chain increased their prices by say 25% (in the name of fallacious “free” market theory) but just one of its competitors didn’t raise its prices at all…just how much market share would the greedy chain lose to their competitor. And of course what you’ll also want to do is slap a 100% tax on any “greedflation” or other dodgy cost increase anyone might want to slip in there along with a policy that the second time anyone tries to game the new system they lose their 50% Discount/Rebate privileges for a perior of time. Finally, including gas, food, new home prices and rent even with the “sticks” policy I’ve suggested if there’s still a monthly increase in prices of say 4% you just index that inflation to the retail discount so 54%.
Besides economists being unaware of the present and new monetary paradigms they also believe in the misnomer and delusion of “free” market theoretics. Such thinking isn’t free at all, but rather is merely alternately goosed and strangled monetary chaos. That is, there are no/no effective and enforceable monetary and economic barriers within which human and systemic freedom can actually exist. Freedom is not chaos and vice versa.
You want abundant FREE-FLOWINGNESS with ethics and truly integrative policies that universally benefit not just ham-handedly punish while never resolving problems.
Start by confronting the present dominating and destabilizing monetary paradigm, integrate the new paradigm of Gifting strategically and intelligently into the Debt Only system and get real about crafting theory that has actual, beneficial and ethical barriers…and a hell of a lot more freedom and abundant freeflowingness within them.
Posted To NIB 11/21/2024
Thanks for responding Walt. I believe NIB and my policy program for a new monetary paradigm could truly be a synergistic combination, and just in time solutions to the converging crises we face. Our infrastructure does desparately need upgrading, and as the recent election has shown the long term monetary/economic grievances of Americans are a potent if misguided force. So much the better to resolve all of that grievance by immediately doubling everyone’s purchasing power and simultaneously turning chronic erosive inflation into beneficial price and asset deflation with a 50% Discount/Rebate policy at retail sale. Then, in order to mitigate the potential doubling of consumption without punishing the consumer I suggest the government implement a sliding scale required “tax”/gift on gifted money to be invested in eco/energy/infrastructure bonds. A “tax” of investment is still a gift…not unlike the bonds that fund the deficit are really just a continuous flow of guaranteed revenue for the private sector. If every individual and commercial agent invested in such bonds think about how much additional funding for infrastructure that would enable.
I’d be happy to discuss the entire policy program in my book with yourself and Ellen Brown to further elucidate its benefits and how they dove tail with and further your own objectives.
Posted To Ann Pettifor’s Substack Newsletter 11/19/2024
Actually Trump isn’t offering anything that is genuinely, new just re-packaged present pardigm palliatives…which indeed are destined to fail due to the self destructive inhumanenature of fascism. Here is the applicable corollary to Machiavelli: New paradigm’s are the most difficult things to begin as they are always in complete conceptual opposition to present orthodoxy, however, they are inevitable when one actually looks at them and their temporal universe effects.
The answer to chronic lack of demand, inflation, export platforming and the hollowing out of economies manufacturing capabilities is a 50% Discount/Rebate policy at retail sale. This policy immediately doubles every individual’s purchasing power while transforming chronic erosive inflation into beneficial price and asset deflation and yet every commercial agent gets their full price…simply by the magic of the accounting operation of equal debits and credits that sum to zero, that is a 50% discount/credit to the consumer and a debit/rebate aspect of the policy…back to the merchant. In other words the consumer can now buy $100 worth of groceries for $50 while the grocer gets $100. Likewise they only have to pay $250k for a $500k house. And if you do the same accounting operation at point of loan signing with a credit/gift of interest to the banks/debit/debt jubilee to the consumer the individual gets that $500k house for only $125k.
The present monetary paradigm of Debt Only as the sole/monopolistic form and vehicle for the creation and distribution of new money is at the core of the core economic problem, namely Finance. Integrate/strategically apply the new paradigm of Direct and Reciprocal Monetary Gifting and you’ll get the classic signature of historical paradigm changes: resolution of the anomalies of the present paradigm and complete inversion of its problematic temporal universe realities.
Money, THE TOOL for temporal universe ACTION, could accomplish all of the the things you inumerated…if you applied the policies of the new paradigm of Gifting utilizing the TOOL of accounting.
While we’re quoting philosophers here’s Gramsci on what we need from modern intellectuals: “pessimism of the intellect, optimism of the will.”
Here’s my quote for intellectuals: Cynicism is the modern intellectual disease of the erudite.
Grace Is Totality
Because it is the ultimate integration of opposites as in EVERYTHING and its opposite, i.e. totality.
Corollary To “Free” Market Theoretics
Is chaos actually, which is the absence of any barriers within which human freedom is enforceable.
Its essentially saying to your young daughter, “Put on her mini skirt without underware, go to the night club and flash everybody until you find someone willing to take you home to their apartment.”
The Types of Economic Oligarchy
Suave Oligarchy: When Oligarchy is the controlling factor within the apparency of a democracy like in America.
Overt Oligarchy: When the political and economic oligarchies openly cooperate like in Russia.
Suave Overt Oligarchy: When economic oligarchy is managed, but the highest, most powerful aspect of oligarchy (Money/Finance) remains in effect and has not recognized the new monetary paradigm like apparently China.
New Macro-Economic Insights Regarding Retail Sale and Point of Loan Signing
Macro-economics is about aggregates. The single macro-economic/aggregative as in universally participated in/effected by point in the entire economic process is retail sale. Thus, using the same method that banks and governments utilize to create and distribute new money i.e. the accounting operation of equal debits and credits that sum to zero, is the perfect place to implement a monetary policy of Gifting.
The most underlying destabilizing factor in economic history is the gradual build up of PRIVATE debt. The universally participated in/macro-economic point for the creation and distribution of large sums of new money is the point of loan signing. Thus utilizing the same above accounting operations and the new monetary paradigm of Gifting to CONTINUOUSLY reduce the rate of increase of indebtedness will increase and lengthen the stability of the macro economy.
Posted To Nate Hagens’ YouTube Podcast Frankly 76 11/17/2024
Duality/thesis vs antithesis is the definition of a problem and thirdness greater oneness of the duality has always been the third way of Wisdom.
Paradigm changes are key syntheses/integrations of opposites that applied resolve the seeming problematic duality and so are synonymous with Wisdom.
Money is the tool that makes the world go ’round because it enables ACTION, but its paradigm (Debt/Burden to Repay Only) is WAY anomalous/dualistically bound and so makes actions wrong or ineffective.
New paradigm concepts are always in complete conceptual opposition to the present concept (geo-centrism/helio-centrism, nomadic hunting and gathering/homesteading, urbanization and agriculture) so the new monetary paradigm is Strategic Monetary Gifting vs Debt Only/Burden to Repay.
Economists like Steve Keen, Michael Hudson and Warren Mosler are all brilliant and spot on in their analysis…of the problem, but they fall short in paradigmatic analysis and hence the ACTIVE, RESOLVING policy solutions necessary for the new temporal universe reality to emerge. Please google Wisdomics-Gracenomics: The New Monetary Paradigm and Its Policies. Money DOES make the world go ’round, now let us enable it to resolve our converging crises and accomplish the general good.
Posted To Mish Shedlock’s Blog 11/15/2024
The blunt instrument of FED interest rates not only doesn’t work it inflicts pain on every economic agent. The 50% Discount/Rebate policy at retail sale however rewards both individuals and enterprise while mathematically ending inflation. Why aren’t you libertarians on to these facts? Perhaps the unwillingness/inability to see beyond your own worn out orthodoxies. The FED, as your own orthodoxies proclaim is the hand maiden and bail bondsman for the banks. So implement the single policy/paradigm change of the 50% Discount/Rebate at retail sale by mandating that the FED distribute the rebate aspect of the policy instead and have it actually fulfill its mandate of controling inflation and lowering unemployment.