Speech Outline About The New Monetary and Economic Paradigm

Posted by chdwr

Pre-lims: Please keep in mind these basics:

Virtually all new money is created with the tool of double entry bookkeeping also known as Accounting…and this not the problem.

When you want to build a skyscraper or a robust monetary and economic system you need the right tools and the best, strongest and most long lasting infrastructure.

The present framework of “Free” Market Theoretics is largely a fetisized misnomer for what it actually enforces which is complete and total freedom which in the human universe is a delusion because of the little thing called ethics. You can’t walk into a theater and yell “Fire!” and you shouldn’t allow a delusional economic body of thought to be enforced on everyone by Finance and by a captured government…especially if it ignores the necessity of enforcing the rationality that is ethics. This honest look at “free” market theoretics exposes why attempts to fix problems in the economy…has not worked basically since forever. “Greed flation” and other deleterious and unethical commercial and speculative actions are given permission to destabilize the economy because of this generally unrecognized problem. But the truth is, human freedom exists only within known and enforceable barriers…and when you create a true thirdness greater oneness, like the paradigm changing policies of Wisdomics-Gracenomics does, it not only keeps agents’ ethics in it actually greatly increases the freedom…within those barriers. Addendum: Ethics is the rational consideration of mere moralism.

Duality is about identifying and affirming problems, that is scientific analysis, and trinity is about indentifying and applying systemic solutions, that is, conceptual/paradigmatic analysis…and we need both types of analysis, but failing to include the latter will generally blunt one’s ability to see entire pattern solutions by examining the concepts/ideas that underlie and enforce systemic realities, which is what paradigmatic analysis is…and paradigm changes actually do. And so again, without trinitarian/conceptual/paradigmatic analysis you’re left with only palliative reforms at best…but with Wisdom/Trinitarian insights, which have always been associated with “the third resolving way”, your analysis is in fact deeper and more resolving.

All monopolies are exclusionary, anti-competitive and dominating, and hence they inhibit freedom, innovation and progress, and hence cannot be ethically or economiclly justified. Also, monopolies generally parade themselves as necessary orthodoxies and solutions and so are false and negative trinities. For instance, the last monopoly paradigm we effectively dealt with was the Roman Catholic Churches Salvation Via Roman Catholic Sacraments ONLY…and the word ONLY designates it as a monopoly paradigm which led to The Reformation.

The current monetary and economic paradigm: 1) Has been in continual effect since the first day of human civilization 2) Has been enforced no matter whether by the Palace/Government or by Private Banking 3) Is a generally agreed upon very anomalous/problematic paradigm and 4) Is also a monopoly paradigm known as Debt ONLY as the sole form and vehicle for the creation and distribution of virtually all new money. What we need is a Monetary and Economic Reformation.

Here is probably the most important realization one can have in considering the new monetary and economic paradigm or in considering both systemic or personal problems: The concept behind and beneficial effects of every historical paradigm change has always been an aspect or aspects of the natural philosophical concept of grace. That is, grace as in unity/oneness, abundance, resolution, integration/synthesis, a new and higher state of personal consciousness/realization as well as a permanent and progressive inversion of temporal universe realities and increased freedom/freeness, like for instance grace as in Gifting/The Free Gift…which brings us to the new monetary and economic paradigm which can be described as Grace As In Strategic Monetary Gifting.

What I’m not advocating: I’m not advocating making everything completely free which would simply be replacing one monopoly paradigm with another monopoly paradigm of Gifting ONLY. I’m for effectively integrating Monetary Gifting into the present monopoly paradigm of Debt ONLY so as to break up and remedy its anomalies and create a thirdness greater oneness and progressive unity of economics and the money system.

I’m also not advocating for either socialism or laissez-faire capitalism, but to the thirdness greater oneness I refer to as a Wisdomics-Gracenomics.

So here is the primary policy of Wisdomics-Gracenomics, and a few of the additional stabilizing and re-inforcing policies of the new paradigm:

A 50+% Discount/Rebate policy at the several points of retail sale (regular consumer retail, financial retail (one’s automobile, insurance, mortgage or other big ticket item’s monthly payment) and a lesser percentage discount at commercial retail from one commercial agent to another on the route toward consumer retail sale
A reasonable universal dividend available at age 18 for life based on everyone’s cultural heritage over the last several centuries of increased technological productivity and innovation of $1000+/mo.
An available job guarantee for anyone desiring employment
A back up Public Banking system that will guarantee creditable individuals credit (virtually everyone with the policies above) if the private banks will not abide by the resolving and stabilizing policies of the new paradigm
Making the Discount/Rebate at retail sale permanently at least 52% while allowing enterprise to increase their profit margins by 2% per annum, and indexing the same Discount to an honest and accurate rate of monthly inflation over the 2% allowance, and taxing any revenues garnered via “greed flationary” actions at a rate of at least 100%. Finally, all present and traditional discounts must be kept and computed first before the final 52%+ is applied to final price. There will be no gaming greedflationary diminshment to this policy by commercial agents who benefit just as much if not more so than the individual agent
Creation of a new Government Department of Competition, Innovation, Potential Boycotting and The Individual’s Bully Pulpit which would have at least monthly press conferences that would expose transgressions of the policies of the new monetary and economic paradigm
A sliding scale percentage “tax” of Gifted money/purchasing power in lieu of actual income tax, required to be invested in Eco-Energy R & D bonds at an attractive rate of 5-6%
The 50+% Discount/Rebate at retail sale policy will include all sales taxes thereby aiding and undoubtedly increasing non-sovereign state, local and municipal governments collect such taxes
One of the additional beneficial effects of the combination of the retail Discount/Rebate, the Universal Dividend and job guarantee policies is their combined purchasing power lifts every adult above the poverty level and hence there will be no need for the payroll taxes that both individuals and enterprise pay for welfare and unemployment insurance
Creating a Wisdom Counsel above the legal counsel of the Supreme Court, that would decide the rational/ethical effects/implications of the decisions of The Supreme Court, based on the many relevant aspects of the natural philosophical concept of grace as in the active temporal universe expression of love.

Posted To Steve Keen’s YouTube Video 02/04/2026

Posted by chdwr

UBI and UHI are great policies…because they applications of the new monetary and economic paradigm of Strategic Monetary Gifting. A way to supercharge the benefiial effects of these policies while ending inflation would be to implement a policy of a 50% Discount/Rebate at the various points of retail sale including the retail point of Finance (one’s monthly mortgage, automobile, insurance or other big ticket item’s payment). That way a UHI of say $2500/mo. would give every adult $5000/mo worth of purchasing power and a two person household $10,000/mo or together $120,000/yr. , and if you can find employment that income is doubled as well. So lets have AI (with the one proviso that it is imbued with a human sense of ethics just to be on the safe side). A 50% Discount/Rebate at retail sale also resolves/transforms chronic erosive inflation into beneficial price and asset deflation (you get $100 worth of groceries for $50 and with the 50% discount of Finance included you get a $500k house for $250k at consumer retail sale and your mortgage payment on the loan is 50% paid for by the central bank so you’re getting a $500k house for the equivalent monetary outlay of a loan of $125k. The 50% Discount/Rebate policy also simultaneously doubles the potential demand for every enterprise’s goods and services so its effect is to stabily create “good economic times”. Even the banks will benefit from this policy because the market for their product (debt) is vastly enlarged because now everyone is creditable. Toss in a few other taxation policies with real regulatory bite like enabling 2% per annum inflation but if you inflate despite the benefit of the potential doubling of demand you’ll pay a tax on any revenue garnered from such percentage increase of at least 100%. In other words innovate and compete, don’t inflate…or else. Google Wisdomics-Gracenomics and get the evolving policy program of the new monetary and economic paradigm.

Posted To Steve Keen’s YouTube Video 01/20/2026

Posted by chdwr

Absolutely no argument with your assessment of neo-classical macro’s characterization of the money creation process. Problem is, enlightening that fact may enable clearer thinking about the matter and even effect some palliative reforms…but it won’t solve the biggest problem of money creation which is that the banks wield the monopoly paradigm for the creation and distribution of all new money, that is the APPLIED CONCEPT of Debt Only. This enables the banks to dominate every other economic agent both commercial and individual because the wonderful tool of money after all is both the agent of economic action and the very means of survival itself. So how stupid is it that we allow the banks to wield such MONOPOLISTIC POWER? Its obvious that Finance has been standing astride the world like a collossus since forever, first by the palace and now by the banks…and that will continue even if we invalidate neo-classicalism’s fallacies…because long standing paradigms, MOST especially monopoly paradigms are dominating and gather anomalies UNTIL someone figures out what the new paradigm is and how to most efficaciously APPLY it.

So like what we did with The Holy Roman Catholic Church dominating everyone with the paradigm of Salvation Via Catholic Sacraments ONLY we need to break up The Holy Modern Church of Private Banking’s Monetary Paradigm of Debt ONLY.

A few suggestions: 1a) Recognize that historically every new paradigm has always been in complete conceptual opposition to the present anomalous paradigm so in this case its from Debt Only to Strategic Monetary Gifting which is in the required complete conceptual opposition but also still allows lending but breaks up the monopoly aspect of the present paradigm 1b) give every economic agent both individual and commercial an account at the central bank 2a) Implement a 50% Discount to the consumer/Rebate back to the commercial agent policy at retail sale and mandate that the central bank rebate the monetary gifts to make the commercial agents whole on their gifted discounts to the consumer which policy inverts the chronic realities of inflation into beneficial price and asset deflation 2b) do the same policy at the retail point of Finance which is one’s monthly mortgage, automobile, insurance or other big ticket item payment. 3) check out a bunch of other policies that stabilize and secure the new monetary paradigm to the benefit of all…even the banks here: 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

Posted To Steve Keen’s Substack Newsletter 01/15/2026

Posted by chdwr

Instead of a provably fallacious orthodoxy of equilibrium how about implementing a continuously graceful and stable flow of the economy and yet wherein you can have controllable cyclical ups and downs…with a policy that has aggregative as in macro-economic effect…because the aggregate of EVERYONE participates in and/or is effected by it, namely a 50% Discount/Rebate at retail sale…utilizing the exact same tool and process that virtually all new money is created and distributed by presently, namely double entry bookkeeping? Here’s a list of some of the beneficial and problem resolving effects of this single policy:

1) It transforms chronic erosive inflation into beneficial price and asset deflation for the consumer and yet with the rebate aspect of the problem it guarantees the merchant gets their entire price.

2) It immediately and continuously doubles the potential purchasing power of the individual and hence the potential demand for every enterprise’s goods and services thus ending chronic austerity of individual demand while integrating the up until now opposed self interests of merchant and consumer.

3) It invalidates Freidman’s dictum regarding inflation and the Quantity Theory of Money unless you’re so terminally orthodox that you’re unwilling to look at its effects and hence unable to think a new thought…not unlike neo-classical economists.

4) It breaks up the current human civilization-long monopoly monetary paradigm for the creation and distribution of all new money (Debt Only) with the new applied concept/paradigm of Strategic Monetary Gifting…by discovering and applying a concept that is in complete conceptual opposition to the present paradigm (Debt Only as opposed to Strategic Gifting).

5) And just as a kicker…if we’re smart enough to CONSCIOUSLY do so…it would be the greatest opportunity to self actualize graciousness as in gratitude for a gift since meditation and prayer…and you won’t even have to chant the right words, just go to the store and buy something. So why don’t we all “overturn the tables of the money changers”, put a smile on our faces and increase economic security and freedom like never before? Or we can all just get so frustrated by Trumpian Chaos that we end up mistakenly slugging our neighbor who may or may not be a Trumpist/fascist.

Good Synopsis of The Problem and Policies To Solve it

Posted by chdwr

Yes, power is addictive and as Lord Acton said absolutely corrupting. The only business model that hasn’t innovated in some constructive way (their derivatives debacle in the GFC doesn’t count as constructive) is Finance. And think about it, Finance’s monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of new money hasn’t changed for the entire course of human civilization no matter whether it was the Palace or the private banks that was in control. We live and labor under Finance capitalism afterall. But rather than get into the ubiquitous (false) duality of capitalism vs socialism, which Finance is happy to see us expend all of our mental energies on, why not try finishing Hegel’s dialectic with a true synthesis, that ups our analytic game from mere reform and theoretics to the level of the operant applied concept/paradighmatic level which is the core of the core economic problem. As Dr. Keen correctly said: “Neo-classical macro ignores money, debt and banks”. I’d only add that its the monopolistic monetary paradigm of Debt Only wielded by the private banks that is what desparately needs changing…because it keeps our deepest economic problems in continual suspension and enables them to rise from the ashes of their own folly like in 2008. We DO need to make competition and innovation not only alive but vibrant. Thats why in my book I suggest creating a new governmental department called The Department of Competition, Innovation, Boycotting and The Public’s Bully Pulpit where weekly press conferences would point the finger at CEO’s and corporations that try to game the new monetary paradigm, whose policies double everyone’s purchasing power, potentially doubles the available demand for every enterprise’s goods and service and ends price and asset inflation by of all things implementing beneficial deflation, and asks the question: Well Mr. John Q. Public, what are you going to do about these guys that are trying to undo the 100% increase in purchasing power the new paradigm just granted you, eh?

Posted To Mish Shedlock’s Blog 01/02/2026

Posted by chdwr

Like every current economic problem a 50% Discount/Rebate policy at the retail/exchnge point of the problem…is the solution. So just have the central bank pay 50% of everyone’s monthly social security payment and the trust fund is secured until basically forever. If the FED can inject hundreds of billions of free debtless dollars into a handful of too big to fail banks in a matter of days as I posted here they did a few days ago…then they could do the same for the human civilization-long neglected individual economic agent at the various retail/exchange points throughout the economy…and resolve inflation, potentially double the demand for every enterprise’s goods and services and prevent the Debt Only paradigm wielded by the banking/money system from serially de-stabilizing the economy since forever. You want beneficial deflation like every libertarian says they do? Then implement a 50% Discount/Rebate at retail sale and get $100 of groceries for $50, a $60k EV for $30k and a $500k house for $250k…and avoid all of the pain of allowing the current way deflation occurs and that libertarians tend to overlook. You want tax cuts? Then have the FED fund a reasonable universal dividend of say $1000/mo. to everyone 18 years of age and older…not with treasuries/debt instruments but as electronic cash. Then who needs the payroll taxes for welfare and unemployment insurance? Make the 50% retail Discount include sales taxes and you’ve increased the funding to non-sovereign governments decentralizing and increasing their ability to provide infrastructure etc.

So many solutions…if one only opens their mind and looks at the effects of the new monetary and economic paradigm instead of only computing on orthodoxies that paradigm invalidates.

JD: What you are proposing would result in roughly 20% yoy inflation for several years, a net loss to “beneficiaries”.

Me: Being able to purchase $100 worth of groceries for $50 is a funny kind of inflation. And of course you expose yourself as a liberatarian moral and ethical moron by not recognizing (or not carring) that individual commercial agent inflation is actually an anti-social act. It also exposes the fact that “free” market theoretics isn’t free at all but rather the chaotic delusion of COMPLETE FREEDOM…including the freedom to commit unethical behavior. The minds of terminally orthodox libertarians live on a different planet than other humans do where ethics are real and necessary. And your problem is solved by allowing commercial agents to increase their prices 2-3% per annum and any revenue they may garner from higher inflation is taxed at a rate of at least 100%. There is only freedom amongst know and enforceable barriers

Posted To Steve Keen’s YouTube Video 11/30/2025

Posted by chdwr

All of what you say regarding neo-liberalism is correct. Full stop. However, the even deeper problem is that macro-economics almost entirely abstracts out the individual agent and thus it sets up an ethic that says Man was made for Systems…rather than Systems were made for Man. We need an ethical/humane macro-economics. We can accomplish that by integrating a new monetary paradigm of Strategic Monetary Gifting into the current monopoly paradigm for the creation and distribution of all new money which is Debt ONLY. The word ONLY designates it as a monopoly paradigm the same as Salvation Via Roman Catholic Sacraments ONLY was a monopoly paradigm and The Reformation ended that inhumane/unethical reality. We require a monetary reformation or the current dominating monetary paradigm wielded by the private banking system will continue to stand astride the world like a collosus…forever. I’m not suggesting we eliminate debt altogether, that would simply replace a monopoly paradigm with another monopoly paradigm. However, if we implemented a policy of a 50% Discount/Rebate at retail sale 50% of all new money would be a gift that benefitted both commercial agents AND individual agents and (because your monthly automobile, mortgage or other big ticket item’s monthly payment is the retail point of finance) the retail discount policy would integrate finance into the actual economic/productive system instead of allowing it to be a dominating and very costly exterior parasite on everyone and the actual economic system. Applying the 50% Discount/Rebate at the retail point of finance would actually benefit the banks because if everyone got a 50% discount on price for consumer goods and then an additional 50% reduction when they bought a big ticket item (example: a $500k house is reduced to $250k at its purchase point, and then the central bank paid 50% of your monthly mortgage payment the individual gets that $500k house for a payment equivalent of a $125k loan)…the market for mortgages quadruples or more because virtually EVERYONE IS CREDITABLE!

GW: Complimenting Steve Keen: Super! From Ptolemy to Copernicus in Economic theory. Better late than never!

Me: Not quite. His systemic analysis is all perfectly true, but his remedy is more like Ptolemaic cosmology’s “epicycles”, that is, a (false) fix because it doesn’t penetrate to the core problem which is the monopoly monetary and economic CONCEPT of Debt ONLY.

Posted To Ellen Brown’s Scheer Post 11/17/2025

Posted by chdwr

Me: I’m all for public banks, but the change from private to public banking doesn’t enable the kind of total problem resolving and temporal universe change as a change in the nature of credit ITSELF…from Debt Only to Debt and Strategic Monetary Gifting. A change in CONCEPT is a change in paradigm because…paradigms are themselves concepts…like the change from geo-centrism to helio-centrism for instance. The private banks and even a public bank will still only create money as debt. Again, the only way to break up their monopoly paradigm concept of Debt Only is to integrate the new monetary paradigm concept of Gifting…into the Debt Only current system…like with a 50% Discount/Rebate policy at retail sale. That way a $500k house is discounted to $250k and the government or central bank rebates the entirety of the discount back to the home builder so they are made whole on their entire price. And then, as your monthly mortgage payment is the retail point of Finance, the government or central bank pays for 50% of your monthly payment so you get a $500k house for an equivalent mortgage payment of a $125k loan. Nice huh? But wait, the benefits don’t stop there. For instance make the 50% Discount/Rebate include all sales taxes and the non-sovereign state, county and local governments get 50% of their revenues paid by the federal government…Not you…and with GIFTED money…NOT debt. Inflation? Getting $100 worth of groceries for $50 and a $500k house for the equivalent of $125k is a funny kind of inflation called beneficial price and asset deflation.

DP: Canada’s central bank went from private to public in 1938. Since then its money creation went from about 50% of the economy, to 23% in the early 1970’s, to less than 5% today. Form, follows function, follows form etc. Without the proper feedback structure, it’s only a matter of time before regulatory capture results in less public consideration. Just like the CDC and FDA, as was recently exposed.

In the U.S. binary economics ties credit creation to the INDIVIDUAL through Section 13 of the Fed Reserve Act, the discount window. 0% interest loan, only for the purchase of shares in existing or new productive proper, onetime bookkeeping fee, collateral by insurance.

You can start with 2 minute video, watch the 10 minute video on the Economic Democracy Act on the home page at gjmer.org

My home province has an institution far superior to the Bank of North Dakota, the other publicly owned ‘state’ bank in North American. It is the Alberta Treasury Branches, designed by REAL social crediters. Alberta autonomy or independence can lead to this shaking off the Supreme Court of Canada ruling against money creation.

Me: Dan, Did you see my post above? The 50% Discount/Rebate at retail sale is an innovation of Douglas’ Compensated Retail Price and is a full concept/paradigm change in the economy and money system. Douglas was way ahead of everyone else with Social Credit, but like virtually everyone he lived within his present cultural horizon with classical economics’ orthodoxy of general equillibrium and hence never considered a high percentage CRP. Also, he preceeded Kuhn’s analysis of paradigms/operant concepts.

Posted To Mish Shedlock’s Blog 11/10/2025

Posted by chdwr

Yes indeed, its the start of UBI…except its UBI still unconscious of the new monetary paradigm of Strategic Monetary Gifting. If you create money as a gift…you don’t have to pay (almost entirely only to the banks and the wealthy who don’t actually need an extra padding to their pockets) the interest on treasuries…so you end all of the delusion about “the national debt” which is actually a payment to the private sector…that adds to GDP and prevents us from forthrightly going into a recession…without it.

Now if instead you strategically implement monetary gifting at a point in the economic process THAT EVERYONE PARTICIPATES IN like retail sale with a 50% Discount/Rebate you transform chronic erosive inflation into beneficial deflation…just like libertarians would like to see happen…except they can’t get past Milton Friedman and The Quantity Theory of Money…which the new monetary paradigm policy of a 50% Discount/Rebate INVALIDATES.

What else does the new paradigm do? Well, if you pair the 50% Discount/Rebate with a reasonable $1000/mo. UBI a two person family would have $2000/mo that purchased $4000 worth of goods and services or $48000/yr. not including their job incomes. SO WHY WOULD WE NEED THE PAYROLL TAXES FOR WELFARE AND UNEMPLOYMENT INSURANCE??? So the new paradigm enables us to accomplish another libertarian goal which is eliminating government bureaucracy. DID YOU GET THAT MISH?

How’s this: If the US is monetarily sovereign, which it is, then, with the new paradigm policies above except to discourage negative behavior like “greedflation” etc. …why couldn’t we just create money as money…not debt and fund the government that way. Voila! Little or no personal or corporate taxation at all. I can out libertarian any libertarian…and out democrat any democrat at the same time. Why’s that? Because historically paradigm changes are resolving thirdnesses greater onenesses…of dueling opposing concepts like capitalism vs socialism. In this case its neither capitalism nor socialism…its Wisdomics-Gracenomics.

All new money is created by double entry bookkeeping. Not my opinion just a fact. Mandate that the central bank create the money simply as money and NOT DEBT like now and do the double entry bookeeping of equal debits and credits that sum to zero for everything at its point of retail sale so $100 of groceries only costs the consumer $50 and the central bank rebates the $50 worth of discounts back to the merchant so they get their full price of $100. $60k EV only costs $30k and then your loan payment is the retail point of Finance so the central bank pays for 50% of your loan payment so you get a $60k EV for the equivalent payment of a $15k loan. $500k house is discounted twice so you only pay the equivalent of a $125k loan. Everybody gets their full price, the market for virtually everything is doubled or even quadrupled and everyeconomic agent individual and commercial is happy, happy, happy. Don’t be a dipstick and look at it. Especially if you’re a libertarian or socialist…because it makes both of those utterly opposed theorists very happy.

Posted To Peter Diamandis’ Substack Newsletter 11/07/2025

Posted by chdwr

Yes, if there is one thing more important and more fulfilling than money its fulfill…ment itself. However, the truth is, presently, there’s actually one thing even more important than money and that is power. And where is the most power? Thats right Finance’s ability to create new money…only as debt. That’s a MONOPOLY paradigm of Debt ONLY. Now there’s nothing inherently wrong with debt itself. Again, only its dominating monopoly character. The last monopoly paradigm we had to deal with was Salvation Via Roman Catholic Sacraments ONLY and the result was The Reformation. Breaking up the monopoly monetary paradigm would be the first best step in the direction you suggest we’re headed because its the deepest, most underlying and probably the most unperceived problem of the current situation. And what is the new monetary paradigm? Well historically new paradigms have always been in complete conceptual opposition to the present paradigm and that new concept always resolves the deepest problems of the present anomalous paradigm by creating an integrative thirdness greater oneness of that seeming unresolvable duality. So put this altogether and you get a new paradigm of Strategic Monetary Gifting…not Gifting Only which would simply set up another monopoly paradigm, but for instance one place to implement monetary gifting would be at retail sale because everyone participates in retail sale. So a 50% Discount/Rebate policy at retail sale would mathematically double everyone’s purchasing power and simultaneously double the potential demand for every enterprise’s goods and services while transforming chronic erosive inflation into beneficial price and asset deflation (the consumer gets $100 worth of groceries for $50, a $60k EV for $30k and a $500k house for $250k…and yet the grocer, car dealer and house builder get their full price with the rebate aspect of the policy. Finally, this single policy would be the greatest temporal universe opportunity to self-actualize gratitude for a gift since meditation and prayer, both of which are only inward activities, so its actually an integration of opposites (inward and outward universes) in and of itself.