Thank you new monetary paradigm for doubling my purchasing power and thus enabling me to take a deep breath, relax and come more consciously into the present moment where everything I experience is more vivid, resonant and real…as if and in fact I am experiencing it for the first time “as a little child.”
Discounts Must Be Maintained/Prior Price increases Must Be Reduced
All prior discounts must be maintained and calculated or the rebate percentage will be reduced concommitantly. Likewise, for a year or longer and prior to the implementation of the policies of the new monetary paradigm, any price increases not based on actual costs must be entirely reduced.
Gaming paradigm changing benefits is unethical and will not be overlooked. Grace/graciousness is the epitome of ethics, and the various aspects of the natural philosophical concept of grace have always been the primary effects of every historical paradigm change.
New Policy: 50% Discount/Rebate Includes 50% of State and Local Sales Taxes. Also, The Individual Is The Most Absent/Neglected Part of Economic Theory
In other words the merchant dicounts 50% of the total sale plus taxes.
Economic theories often neglect the individual and do not consider direct effects for and on them. The macro-economic significance of the 50% Discount/Rebate policy at retail sale (universal individual participation/effect) finally bypasses this excessively abstract neglect.
Posted To Steve Keen’s Substack Newsletter 10/02/2024
All of your conclusions are valid of course, but you’re not comprehending the deepest problem and hence the earth shaking solution, namely the new APPLIED monetary paradigm concept.
The present monetary paradigm for the creation and distribution of new money is Debt Only. Acculturated since the first day of human civilization its why its so hard for people to understand that government deficits (an aspect of the concept of Debt Only) are actually monetary gifts to the private sector.
Retail sale is the single macro-economic point of the entire economic process. Thus a 50% Discount/Rebate policy at that point doubles everyone’s purchasing power and so the potential demand for every enterprise’s goods and services, and yet with double entry bookkeeping makes the merchant whole on his entire price, does not cost the merchant a single additional penny and implements beneficial price and asset deflation for EVERY individual. Same equal debits and credits 50% method at point of loan signing continuously integrates debt jubilee into the economic process instead of suggesting a one off ineffective “modern debt jubilee” which sociologically misses the long standing financial and corporate oligarchy. Reforms are shallow and easily over thrown. Paradigm changes totally invert anomalous realities and hence resolve them…until new insights are discovered.
Too much consumption? Mitigate consumption and direct and increase investment with a policy of a sliding scale of required investment of monetary gifts into eco-energy R & D bonds. This tax/cost is still a gift and so philosophically aligns with the new paradigm. And there are other policies to prevent inflation through out the entire economic process using taxation, double entry bookkeeping and monetary gifting.
Posted To Steve Keen’s Substack Newsletter 10/1/2024
So you don’t think that a 50% Discount/Rebate at retail sale and a 50% Gift to the bank/Debt jubilee to the consumer at the point of loan signing, both utilizing equal debits and credits that sum to zero are good monetary policies? What about ending inflation by implementing beneficial price and asset deflation? And reducing the macro-economic rate of growth of private debt by 75%?
These are policy results you advocate for. No comments? ????
Posted To Steve Keen’s Substack Newsletter 09/29/2024
MR: The best way to dominate people is to hold a very costly monopoly paradigm on a tool they are compelled to utilize for their very survival, like for instance money.
The present monetary paradigm for the creation and distribution of new money is Debt Only. Monetary Gifting strategically integrated into the economic and money creating discipline of accounting can be end of the present human civilization long monetary paradigm of Debt Only.
Me: The best way to dominate people is to hold a very costly monopoly paradigm on a tool they are compelled to utilize for their very survival, like for instance money.
The present monetary paradigm for the creation and distribution of new money is Debt Only. Monetary Gifting strategically integrated into the economic and money creating discipline of accounting can be end of the present human civilization long monetary paradigm of Debt Only.
Posted To Steve Keen’s Substack Newsletter 09/29/2024
Private debt IS a problem. However, ignoring your own insight that money is created by equal debits and credits that sum to zero wed to the new concept of Monetary Gifting strategically integrated into the economic process is THE bigger problem because it misses the the resolving nature of every historical paradigm change.
Posted To Both Steve Keen’s Substack Newsletter and Mish Shedlock’s Blog 09/29/2024
Money simply distributed willy-nilly is like a quaternary aspect of inflation mostly because “free” market theory is actually a delusional fetish that conservatives and libertarians advocate despite the fact that it is chaos market theory because it has no rational barriers within which human freedom can only be a reality.
If you however would discount to the consumer and rebate back to the merchant half of the price of virtually everything at both retail sale and point of loan signing…the mathematical and macro-economic effect would be BENEFICIAL price and asset DEFLATION.
Just keep doing the simple math and simple accounting operations of equal debits and credits that sum to zero…until your poor long acculturated and orthodoxy hungry mind is blown/enlightened.
Posted To Steve Keen’s Substack Newsletter 09/28/2024
Your accounting is valid, but it fails to utilize the same operations at strategic points throughout the economic process to resolve the economic problems you also have identified such as chronic erosive inflation and hence diminishing purchasing power, and the continual build up of private debt.
This apparently is because you have failed to recognize the fact that the present monetary paradigm wielded by the private banks is the virtual monopoly concept of Debt As In The Burden to Repay…Only for the creation and distribution of new money.
Break this monopoly paradigm up by integrating the same accounting operations of equal debits and credits that sum to zero with the new paradigm of Monetary Gifting into the Debt Only system at retail sale, point of loan signing and from business model to business model throughout the length of the entire economic process…that will create and enforce beneficial price and asset deflation, hence greatly increased individual purchasing power, demand for commercial goods and services and the reduction of the rate of build up of private debt.
Monetary Gifting has been utilized before. For instance “green backs” were a major if not the major reason the North won the civil war against the South. Of course it was just distributed without utilizing accounting at key points in the economic process (retail sale , point of loan signing and the point of movement from one business model to another) primarily because there wasn’t the digital/electronic capability to do that at the time. We don’t have that problem today…just the failure to perceive paradigm concepts and craft policies around new ones that resolve the anomalies of the current one.
New Policies: Gift/Rebate of Additional Costs…If You Don’t First Pass On Inflated Prices To Next Business Model In Line Toward Retail Sale
And If you do pass costs on you’re taxed at a rate of 100% on any revenue thus garnered, and your future gift/rebate privileges are reduced by 5%. Policies apply to all businesses throughout the entire economic process.
You’re either for the new paradigm and its striking benefits for all agents or you’re against it. No bullshitting or backsliding allowed. The Department of Competition, Innovation, Boycotting and the Public’s Bully Pulpit will inform the public on who has actual good will toward their customers. Humility is an empowering experience for those with ethics, and a painful lesson to learn for those who feign or defy it.
Social Credit/Wisdomics/Gracenomics/ Gracientialism 