Recipiants of the $1000/mo. universal dividend must acquire 3 years of part time employment in the first 5 years or their dividend will be reduced by 50%. If they become fully employed for 2 of the next 4 years the dividend will be stored to the full $1000/mo.

Most people are chronically afflicted by lack of money in order to possess the goods of an advanced economy, and as debt is increasingly the ONLY way to get more of it but increasing individual and corporate debt is what causes debt deflation, we’re in a double bind…unless we discover a way to provide more money to both individuals and enterprise and yet does not cause inflation. but instead mathematically implements beneficial price and asset deflation

And that way is to utilize accounting’s almost magical operation of equal debits and credits that sum to zero, most particularly at retail sale and point of loan signing, but also throughout the entire economic process thus creating an effective means of inhibiting economic vices and encouraging economic goals like stable free flowingness and abundance.

Again Keen, you’re brilliant, but you failed to follow through with your realization about the economic importance of applying accounting. The equal debits and credits summing to zero operation of accounting is reflective, nay a mathematically applicable way to create the thirdness greater oneness of Hegel’s progressive thesis x antithesis = synthesis throughout the economic process. But you whizzed right by that fact into the even higher insolvabilities of energy and global warming…which the new monetary paradigm with its beneficial deflation will finally and mathematically shut the mouths of austerians forever, enable the fiscal deficits and mega-projects that will give us a chance to confront climate change. And finally create the possibility of the greatest mass movement of hundreds of millions of grateful consumers to herd the political apparatus toward economic and ecological sanity.

Please consider it.

MR: Steve, worse than a con-job, it’s a deliberate outcome of a bought political system. Wall Street bankrolls elections, politicians and political parties, which in turn install captive financial administration or as Anat Admati calls it: ‘in the revolving door of financial regulation.” Finance is all politics.

High velocity main street, well said.

Me: Repealing Citizen’s United would be a good way to cut Finance’s political power. However, the best way would be to enact the policies of the new monetary paradigm that immediately mathematically doubles everyone’s purchasing power doubles the potential demand for every enterprise’s goods and services, ends inflation forever and last but not least transforms the economy into a daily, universally participated in infrastructure for the creation of gratitude at retail sale for the gift of 50% of price.

Politically that integrates the self interests of merchant and consumer against Finance which wields the monopoly monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of new money. Such a revolt of the bourgeoise was dashed probably by Marx’s not comprehending the new monetary paradigm and also failing to recognize the incredible power of accounting for anchoring monetary reality.

If you can’t sell being able to buy a $400k house for $100k and a $60k Tesla for $15k with the two primary policies of the new monetary paradigm which anyone with two brain cells has to love, so as to start the mass socio-economic and political movement for their implementation, then you better just retreat into cynicism and apathy and watch the planet and every species of flora and faughna get roasted. Action beats the greatest and most accurate theoretics every time.

Energy, its present finitude and its negative planetary effects IS the ultimate question and problem. The ultimate resolution is ending inflation so that rational investment and fiscal deficits can be created to fund the mega-projects to off planet most of production and to mine the solar system for resources. In other words we must change the paradigm of production from geo-production to cosmic-production. The only way to insure this is to terminally end inflation by implementing beneficial deflation and the only way to do that is to change the present monetary paradigm of Debt ONLY, which private finance dominates with, by strategically integrating the new monetary paradigm of Direct and Reciprocal Monetary Gifting throughout the entire economic process. This evolving policy process is the subject of my book Wisdomics-Gracenomics: The New Monetary Paradigm and Its Policies available on Amazon.

“Its Socialism!”

It’s not only not socialism it’s the rejuvenation and ethical ascension of capitalism. It’s also the biggest reduction in conservative and libertarian pundits’ biggest bitch, namely socialist re-distributive taxation because it ends inflation forever…by creating the wet dream of these pundits’, namely BENEFICIAL price and asset DEFLATION. Of course it might mean the end of the careers of these pundits, but my response is: “Creative destruction and all of that. What’s good for the goose is good for the gander.” Finally, an economy based on an aspect of the highest ethical concept and experience mankind has ever conceived, grace as in the loving act of gifting, cannot have anything but virtuous effects on the overwhelming majority

“The powers that be won’t let it happen.”

If you the voter don’t have the guts or good sense to get off your ass and vote in the people that will implement these incredibly beneficial policies then yes, but if you just keep doing the simple math of how they can reduce the cost to you of virtually everything by 50 to 75%…then it will be the biggest landslide political and economic victory the country and the world has ever seen. Also, to paraphrase Victor Hugo: “If there is one thing all the armies of the world and the powers behind those armies cannot resist, it is an idea whose time has come.” So get on the bandwagon of the movement for the new monetary paradigm.

“It won’t work!”

Do the simple math and realize that the operations of accounting enforce the realities of the present monetary paradigm and those same operations will enforce the new one. Too simple for the intellectual vanities of the erudite and their orthodox followers…too world changing not to be a paradigm change.

“Everyone Will Become Lazy!”

If this were true the wealthy would have killed themselves off long ago. The truth is most people are purpose driven and want to do something they find meaningful…and having the security of a reasonable level of income guaranteed will better enable them to more easily find. Furthermore I can’t think of a better incentive to become gainfully employed than the first day on the job you get a more than 100% increase in the purchasing power your employment will give you.

Or the inflator will not be able to participate in 50% Discount/Rebate policy for 12 months.

The Departmant of Competition, Innovation and The Individual’s Bully Pulpit will loudly declare who inflates, and the employees of inflators will not be able to benefit from the increase in their net pay by the elimination of payroll taxes for welfare and unemployment insurance.

100% tax will be used to rebate back additional costs that non-inflators may have incurred

The individual voter thinks they’re going to win and benefit. The lesson for democrats is to find a set of policies that are so beneficial for everyone that you’d be a fool to be against them. To wit the policies of the new monetary paradigm.

“Free” market theory is a complete misnomer for what is the actual reality which is alternately goosed and strangled financially dominated chaos.

In the human universe there is no such thing as complete freedom, only freedom amongst known and effective barriers. Its why you can’t walk into a theater and yell “Fire!” Of course the slur of “Thats just wage and price controls” snaps the mind closed for the dilletante and orthodox mind, but that doesn’t change the actual reality.

What will change it is a new monetary paradigm, and that will open up the ability to end inflation forever with quaranteed beneficial price and asset DEFLATION and hence the end of any idea that fiscal deficits can be inflationary and in turn the ability to fund the mega-projects necessary to confront climate change.

Think paradigmatically/operant applied concept–ually and solutions begin to spring up in every nook and crannie of the economic process. And hope and survival will follow.

You’re brilliant Keen, but you’ve missed strategic policy applications that follow on from your own insights. For instance, the fact that banks create money simply with accounting entries that sum to zero. So why not implement a policy of a 50% discount (credit) to the consumer at retail sale all of which the central bank rebates back (debits) to the merchant so they are made whole on their entire price. The effect of which would be to imediately double everyone’s purchasing power, potentially double the demand for every enterprise’s goods and survices and last but not least, because we’ve never had y/o/y 50% inflation let alone moment to moment of same, resigns inflation to the dust bin of history and inverts the chronic reality of erosive inflation into beneficial deflation. Inversion of temporal universe reality…one of the classic signs of a new paradigm…like the new monetary paradigm of Gifting.

Follow that policy with a Gift/Debt jubilee policy at the point of loan signing where the bank creates the final $200k of a $400k house reduced by the 50% discount/rebate at retail sale and then the central bank says: “Ok Mr. Banker we’ll give you 50% of the interest you’d get on this $200k home loan which you can immediately put in your pocket as profit in exchange for you reducing the loan to $100k. That would integrate debt jubilee continuously into the economic process and end debt deflation forever.

Lots of other policies in my book that would stabilize the new paradigm, prevent bad actors from gaming it and even ones that would prevent excess consumption while greatly increasing investment in research and development in energy and climate change. New applied operant concepts/paradigms change everything. No more tinkering with palliatives, we need to change the world…fast.

Leading theoriticians are correct that current macro-economic Dynamic Stocastic General Equilibrium theory is falacious. What they haven’t quite recognized yet is that the way to have consistent economic free flowingness is to create an in situ modulated, dynamically abundant monetary disquilibrium, (IMDAMD) Its about the monetary paradigm damnit!

Its because no one analyzes money on the paradigmatic level and and then finds new and innovative ways to best strategically apply that single monetary concept in the economy. Paradigms are only ideas…until you apply them. Then they are world changing phenomena both mentally and temporally. No amount of calculus or abstraction, no matter how precise and correct, will ever accomplish anything truly lasting and effective…unless its applied to create the reality of the new pardigm concept. And it must be direct and continuous, which of course money is for all economic agents.

Do you need a movement? Yes, of course, and thats another reason why a new monetary and economic paradigm will occur much faster than paradigms have occurred in the past. Social media and communication technology are the key means of creating the political pressure to herd both/all sides of the political apparatus toward a new paradigm’s world changing beneficial effects.

So be it.