Both Keen and Hudson are spot on about the problem, namely Keen: “money, debt and banks” and Hudson: “Finance capitalism”. Where they fall down is visualizing and implementing the solution, the whole soultion as in a pattern/paradigm change as opposed to mere reforms. Paradigmatic/operant concept analysis is counter intuitive in a world where scientific reductivism is so habitually dominant in intellectual inquiry that it is blinding to what really matters which is finding the exact SINGLE concept that strategically applied…changes the nature of the entire pattern under analysis. As I like to say “Science of course is wonderful, necessary and delicious…and it exists entirely within the digestive tract of paradigmatic analysis.” In this sense these two brilliant guys have “the cart before the horse”.

A little analysis of the history of paradigm changes.

1) New paradigm concepts are always in complete conceptual opposition to the current/old anomalous paradigm. Example: Almost exclusive ethic of survival ONLY vs self awareness and hence awareness that others are like us and require ethical consideration, i.e. narcissism vs empathy

2) New paradigms always invert the temporal universe realities of the old one. Examples: geo-centrism vs helio-centrism, nomadic hunting and gathering to homesteading, urbanization and agriculture

3) New paradigms resolve the deepest problems of the current paradigm. Example: Copernican concept, Gallilean observation of moons of Jupiter and Keplerian discovery that orbits are elliptical resolves astrological anomalies of Ptolemaic paradigm.

To illustrate #1 the above list, if MONEY is created by the banks and even by the government ONLY AS DEBT AS IN BURDEN TO REPAY ONLY (ONLY designating it as a monopoly paradigm concept) then the concept in complete opposition to that paradigm is MONETARY GIFTING.

To illustrate #2, if the current economy is DESTABILIZED by the monopoly paradigm of DEBT ONLY leading to instability and collapse because of the inevitable build up of private debt, then CONTINUOUS DEBT JUBILEE/REDUCTION VIA MONETARY GIFTING…MUST BE INTEGRATED INTO THE SYSTEM IN ORDER TO STABILIZE IT.

3) To illustrate #3, if CHRONIC, EROSIVE INFLATION AND AS A RESULT CHRONIC SCARCITY OF BOTH INDIVIDUAL PURCHASING POWER AND SCARCITY OF DEMAND FOR GOODS AND SERVICES, THEN A CONTINUOUS MEANS OF MATHEMATICALLY CREATING NON-HARMFUL DEFLATION SO AS TO INCREASE PURCHASING POWER/DEMAND MUST BE IMPLEMENTED. A 50% DISCOUNT/REBATE POLICY AT RETAIL SALE UTILIZING THE SAME MEANS THE BANKS CREATE UPWARDS OF 97% OF OUR NEW MONEY EVERY YEAR, NAMELY EQUAL DEBITS AND CREDITS THAT SUM TO ZERO, ACCOMPLISHES THE RESOLUTION OF THESE CURRENT PROBLEMS.

Be glad to discuss these issues and my book. ataushumme@yahoo.com or 1 602 769 6832 message only.

I’ve even got a policy that private finance can’t resist. Also, debt jubilee as a one-off is a decent reform. I integrate continuous debt jubilee into the economic process because one debt jubilee merely palliates the problem because the structural “rules” just make it immediately build back up. Also, it is true that its hard to get institutions etc. to back monetary reform, but Hudson and Keen are mostly trying to get economists with ego involvement to change and accept a new theory. Lotsa luck. What you need to do is start a mass movement. If you can’t sell doubling everyone’s purchasing power, potentially doubling demand for your goods and services to businessmen, ending inflation forever and enabling the individul consumer to purchase a $60k Tesla for $15k and a $400k house for $100k (the result of my continuous debt jubilee policy at point of loan signing coupled with the 50% Discount/Rebate policy at retail sale) you’d better get out of the political and economic pundit business. We are many, finance are few.

Dave, every year upwards of 97% of all our new money is created by private banks via the accounting operation of equal debits and credits that sum to zero. This is according to the central banks of Germany and England and is backed up by economic reformers like Steve Keen, Michael Hudson and Warren Mosler. Of course banks don’t create any money except in the form of debt. What if a monetary authority utilized the same accounting process at retail sale with a policy of a 50% Discount (debit) to consumers all of which discount was Rebated (credited) back to the merchant granting it to the consumer so they were made whole on their entire price? That would immediately banish inflation to the dust bin of history because you could buy a $60k Tesla for $30k, a $400k house for $200k and $14 and change for Danger coffee (love it). And again, you’d get the full price on the coffee with the rebate. It would mathematically double everyone’s purchasing power and potentially double the demand for every enterprise’s goods and services. Last but not least as everyone participates in retail sale it would create an economy that continuously enabled and encouraged the self actualization of gratitude for a 50% assist of the cost of everything one purchased. This would be a positive group experience which is scalable. Please consider my book Wisdomics-Gracenomics: The New Monetary Paradigm and Its Policies. https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies/dp/B08X7MZ4KH/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr

How can we simultaneously double everyone’s purchasing power, resolve the deepest problems of our economy AND create a huge increase in human gratitude…all at the same time and with only a single policy? A 50% Discount policy at retail sale all of which discount is rebated back to the merchant giving it to the consumer. That ends inflation forever, enables you to buy a $60k Tesla for $30k, a $400k house for $200k and because EVERYONE participates in retail sale enables EVERYONE to be thankful/grateful for an economy and money system based on grace as in gifting and the government that was smart enough and benificent enough to implement that policy…every time they went to buy something. Think about it.

Its two things:

1. Finding the best, most rapid way for the general populace to self actualize the natural philosophical concept and experience of grace, i.e. graciousness…like for instance implementing a 50% Discount/Rebate policy at retail sale and all of the other policies enabling and stabilizing the new monetary paradigm of grace as in Gifting.
2. Being sure the aspects of that concept are programmed into AI.

Copernicus-New concept (Direct and Reciprocal Monetary Gifting)

Gallileo-discovery and observation of the efficacy of the new concept (retail sale)

Kepler-discovery of missing operant factor(s) that insure the new concept’s universal workabilitiy and beneficial temporal universe effect:

(a. universal human participation in retail sale

(b. high percentage [50%] Discount/Rebate policy at retail sale that insures participation by all agents, forever ends inflation and enables the separation of the self interests of all actually productive commercial agents from that of Finance and its monopoly paradigm of Debt Only which is the core of the core problem) [not debt itself however]

And finally, with all due humility, I’m just a human being like everyone else: In cogniting on the best way to actually implement an opportunity to universally and continuously self actualize gratitude (via a 50% discount at retail sale)…the person most responsible for the greatest psychological/spiritual progression since one of the initiators of the world’s major wisdom traditions.

…Into The Temporal Universe Systems of The Economy and The Money System While Simultaneously Greatly Enabling The Self Actualization of A Major Aspect of That Same Superlative Spiritual Value, namely Gratitude, I Have Opened The the Door To One of The Greatest Progressive Periods in Human History

The Banks and oligarchs will not bow to the government so much as to the paradigm of Monetary Grace As In Gifting. Its the government’s job to enforce the law, most especially laws that are universally gracious and beneficial. Don’t fall for any argument that turns the aspects of the superlative spiritual value and experience of grace as in love in action/systemic policy into any kind of tyranny or untruth according to some way worn out orthodoxy that the new paradigm destroys. Perceive the difference between hidden self interest and genuine care.

To conceive a new paradigm concept and how to implement it is a major accomplishment. To conceive and apply a new mega-paradigm concept is so rare it has only happened a handful of times in the entire history of the species. To conceive and better enable a further integration of the ultimate opposites of the temporal and mental universes AKA a Cosmic paradigm change, that only a few figures like Moses, Christ, Guatama Buddha, lao tzu and Krishna have done, is probably the ultimate rarity.

…resolved the deepest problems of the economic and monetary systems, and ethically ascended both of them at the same time…you know you’re onto something.

A true Trinity is the beneficial integrative unity of the truths, workabilities and highest ethical considerations in seeming opposites. Grace as in love in action being the ultimate integrative, beneficial and ethical way of acting/applying is the concept that leads us to a true trinity.

A monopoly is the uncompetitive non-integrative domination of all others as in an actual duality of Us vs Them on the business, political, social and especially the level of operant applied ideas/paradigms.

Don’t fall for false trinities that are really only dominating dualities.

Choose the ultimate trinitarian concept of the natural philosophical concept of grace instead.