2025

Posted by chdwr

Unfortunately economists have not perceived the primary reason for inflation which is the human civilization-long monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of new money wed to the largely delusional body of free market theoretics which is a complete misnomer for what it actually is which is alternately goosed and strangled and continually dominating monetary/financial chaos. The proof of this, which has been repeated many times historically according to Ms Kelton’s colleague Michael Hudson and others, is the great financial recession of 2008 where finance’s “innovation” screws up the economy and then they are bailed out while the individual is forced to “go scratch”.

A new monetary paradigm of Direct and Reciprocal Monetary Gifting strategically integrated into the Debt Only system with the same accounting operations the banks use to create money only as debt, namely equal debits and credits that sum to zero, specifically at retail sale with a 50% Discount/Rebate policy and a 50% Gift of Interest/Debt Jubilee at point of loan signing and the spell of finance’s monopoly monetary paradigm is ended while the individual’s purchasing power is mathematically doubled, chronic erosive inflation is transformed into beneficial price and asset deflation and the delusion of free market theorietics is replaced by universally abundant monetary free flowingness which is the goal of economic theory. A few more regulatory and taxation tweeks with real teeth, and the new monetary paradigm is a temporal universe reality observed and experienced by all.

Posted To Stephanie Kelton’s Substack Newsletter 12/01/2024

Posted by chdwr

MMT is correct about the mechanics of money creation. However, its problem as well as every other present monetary theory left, right and center is, its a palliative instead of the paradigm change we urgently need to resolve the anomalies (chronic individual austerity, chronic erosive inflation and pissing and moaning about the seeming double bind modern economies struggle with, but never finding a resolution) of the present paradigm. In other words we need ACTION. ACTION, WE NEED CHANGE AND WE NEED IT REEEEAAAL FAST! Thats what a new paradigm, a new operant applied concept accomplishes.

The present paradigm is Debt Only as in the Burden to Repay/Debt as the Sole/Monopolistic Form and Vehicle for the Creation and Distribution of New Money.

A new paradigm requires an entire policy program because economics is complex and humanity is not an entirely rational or ethical species. However there IS a single policy that implemented mathematically resolves the above anomalies all by itself. That policy is a 50% Discount/Rebate at retail sale. This policy is the very expression of the new monetary paradigm (Direct and Reciprocal Monetary Gifting) and its point of implementation, (retail sale) is actually a new macro-economic insight as in the single aggregatively/universally participated in point in the entire economic process and hence is the perfect place to implement a monetary policy. Thank you non-Nobel prize committee for economics.

I’m sure a lot of people would say that a 50% Discount/Rebate at retail sale would cause way over consumption. Let me address this. First, doubling purchsing power does not ipso facto result in a 100% increase in consumption/economic through put. Not everyone is going to eat twice as much or buy twice as many hand bags or pairs of under wear as they did before. Second, most people will probably want to do what most do with additional income which is invest. This could be encouraged and rationally directed by the government creating 5-6% eco/energy & Infrastructure bonds. Third, on top of this being a smart thing to do voluntarily we could implement a sliding scale percentage of required investment of gifted money into these same bonds. A gift of investment is still a gift and so aligns with the new monetary paradigm. Fourth, amend the FED’s charter so their mandate goes from hand-maiden or bail bondsman of the banks to overseer/guarantoor of the planet’s future.

Posted To Dave Foulkes’ Substack Newsletter 1/24/2024

Posted by chdwr

Off topic, but relevant macro-economically, I watched your recent Steve Keen and Friends videoand would like to say a few things regarding it and UBI. UBI is a very good idea because it philosophically aligns with what needs to be a new monetary paradigm of Direct and Reciprocal Monetary Gifting, but it is an incomplete solution/palliative. New Money/Credit creation, whether it has been from the Palace/Government or from the private banks has never been anything but the monopolistic paradigm of Debt Only as in the Burden to Repay…ONLY. True the ancients had the occasional debt jubilee (they were smarter than we are now), but then they just let Finance/The Palace go another 70 years of monopolistic dominance and economic destabilization via the continual build up of private indebtedness.

So why not vastly increase individual economic stability and integrate debt jubilee continuously into the economic process with two policies that are the very expression of the new monetary paradigm of Gifting and utilize the exact same method that the banks and government use to create money presently namely equal debits and credits that sum to zero. To wit a 50% Merchant Discount to the consumer/Gov. or central bank Rebate policy at retail sale and a 50% Gift of interest to the bank/debt jubilee to the borrower at point of loan signing.

With the first policy the cost of every everyday consumer item is reduced by half so they get $100 worth of potatos for $50 etc. etc. etc. Thats the mathematical end of inflation, and the merchant gets their full price with the miracle of accounting and Gifting.

Then:
1) Make the bourgeisie understand that greedflation and other fuzzy accounting that results in inflation from business model to business model throughout the entire course of the economic process that such anti-social revenue will be taxed at a rate of 100% and
2) Any such remaining inflation rate will be indexed to the retail discount so 3% inflation means the retail discount is 53%.

With the second policy a $500k house that has been reduced in price to $250k at retail sale is further reduced to $125k and the rate of increase of private indebtedness, again with the remarkable power of direct and reciprocal monetary gifting is reduced by 75%.

In my book I have further policies that rebutt the ubiquitous cries of Hyper-Inflation! which never happens unless the banks leverage up currency speculators in order to short it so just flat out ban it by saying any attempt to do so will be considered null and void and both the banker and shorter will face strict prosecution.

I also mitigate the understandable cries of You Can’t Have Such Increase in Consumption! What about the ecology? with a sliding scale required “tax”/gift of investment in eco/energy and infrastructure bonds set at a rate of 5-6%.

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Yes, you’ve got the processes right. And yes there’s not anything wrong with price rises due to legitimate cost increases, but commodities are often inflated by financial speculation which should be targeted by policy as well even if we have to employ an army of Bill Black forensic accountants. And even so this kind of inflation is still remedied by the high percentage retail discount policy because competition is still a factor in economics and if some greedy CEO decides to raise their prices by 25-30% and even one of his competitors doesn’t raise theirs…how much market share is the well behaved CEO going to take from the greedy one? And what retailer of any product is going to not opt into the 50% Discount/Rebate policy? I mean even the stupidest consumer is not going to pay you 100% of your inflated price when you can walk down the street and only have to pay 50%?

Another policy in my book is if any business model from the beginning to the end of the economic process tries to destabilize the new paradigm’s benefits besides being taxed at 100% of any of that revenue, then they also lose a 1% gift of net profit policy that all enterprise’s get IF they don’t inflate. Carrots and sticks policies throughout the entire economic process.

Finally, there are paradigm changes and then there are paradigm changes. I’ve coined a new concept, the Mega-Paradigm Change of which the new monetary paradigm is of the latter. All paradigm changes are good and world changing within their own domain. However, a mega paradigm change is one that is temporally immediate, continuous, individually/universally experienced and its beneficial aspects spill over into other systems, bodies of knowledge, areas of human experience than its primary domain, and there has probably only been two of these for the entire history of the human species

(1) the increase in self awareness and hence of the reality of ethics in the human universe when humanity emerged from the paradigm of Survival Only way back when and

2) the change from nomadic hunting and gathering to virtually universal homesteading, urbanization and agriculture.

Example with the new monetary paradigm of Grace As In Monetary Gifting: the potential greatest benefit that Monetary Gifting could bequeath isn’t even an economic one, but rather by transforming the human civilization long participation in commerce from an aggravating and losing battle against inflation…into the greatest opportunity to self actualize gratitude for a monetary gift since meditation and prayer. Visualize it.

Posted To Marriane Williamson’s Substack Newsletter 11/06/2024

Posted by chdwr

At the bottom of the MAGA cult is long term grievance at the economic neglect/abuse by both parties since the 1970’s. That must end and the way to do that is to change the monetary paradigm with policies like a 50% Discount to the consumer at retail sale all of which discount is rebated back to the merchant granting it to the consumer. This mathematically doubles everyone’s purchasing power (you get $100 worth of grocries for $50) while slaying inflation by implementing beneficial price deflation. Add to this a gift to the banks of 50% of the interest on loans in return for a 50% reduction in principal and a $500k house is reduced to $250k at retail and $125k at point of loan signing. Likewise a $60k EV becomes $15k at loan signing. Finally, the true benefit of the new monetary paradigm of Gifting (an aspect of the natural philosophical concept of grace as in love in action which is the universally acknowledged highest spiritual value and experience) isn’t even an economic effect. Its the transformation of participating in the everyday universally participated in points of the economic process (retail sale & point of loan signing) from aggravating and painful experiences into the greatest opportunity to experience gratitude for a gift….since meditation and prayer. Visualize it.

These and other policies and regulations aligned with the concept of grace are in my book along with policies and rebuttals to questions regarding over consumption, hyperinflation, etc. Google Wisdomics-Gracenomics: The New Monetary Paradigm and Its Policies on Amazon.

Posted To EuroDollar University YouTube Site 10/24/2024

Posted by chdwr

Would you consider that what is required is not further analysis, or even reform? Its paradigm change that is required in the money system and hence the economy. Paradigms are new strategically APPLIED concepts that are always in complete conceptual opposition to the present paradigm. The present monetary paradigm for the creation and distribution of new money is the monopoly concept of Debt Only as in the Burden to Repay. Hence the concept in complete opposition to it is Monetary Gifting. Steve Keen has shown that neo-classical macro ignores money, banks and debt “because if they didn’t they would have to admit that the money system destabilizes the economy” Michael Hudson has shown that historically, private debt destabilizing their domestic economies has been the primary factor behind empires invading their neighbors in the (false) hope that stealing their assets would stabilize their economies. Please consider my book Wisdomics-Gracenomics: The New Monetary Paradigm and Its Policies 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 Real World Economic Review Blog 10/18/2024

Posted by chdwr

The solution to inflation is way too easy for the intelectual vanities of the erudite. It is this: utilize the very same method that both banks and governments create money, namely equal debits and credits that sum to zero…and create it as gifted money at strategic points throughout the entire economic process…particularly at the points of retail sale and point of loan signing. A 50% Discount/Rebate policy at retail sale would end inflation by mathematically implementing beneficial price and asset deflation because $100 worth of groceries would only cost the consumer $50, a $60k EV only costs $30k and a $500k house only costs the consumer $250k. And of course with a 50% Gift of interest to the banks/50% Debt Jubilee for the consumer at point of loan signing that EV and house only costs the consumer $15k and $125k respectively.

Thank you non-nobel committee for this award for the discovering that retail sale is the single aggregative as in universally participated in point in the entire economic process and hence the perfect place for a monetary policy because it has immediate mathematically macro-economic effect.

Utilize equal debit and credit type carrot and stick regulatory and tax policies at exchange points throughout the entire economic process to prevent things like “greedflation”, and mitigate over consumption with a sliding scale of required investment of gifted money into 5-6% R & D eco/energy bonds and we’ll not only have economic abundance and free flowingness we can also have rational movement toward confronting climate change.

Pitch Details

Posted by chdwr

I have a single policy that can win the election for Kamala Harris, and a policy program that could create the greatest coalition for liberalism since The New Deal.

A 50% discount/rebate at retail sale.

Uses the exact same present method that both the banks and government create money, i.e. accounting, specifically equal debits and credits that sum to zero. So the retail merchant agrees to lower their prices by 50% to the consumer and the monetary authority mandated to distribute new money rebates every cent of the discounts back to the merchant making them whole on their best competitive price.

It immediately doubles both everyone’s purchasing power, in other words if you make $40k/yr you can now purchase $80k worth of goods and services, and at the same time it potentially doubles the demand for every enterprise’s goods and services. So with this single policy you get $100 worth of groceries for $50, can buy a $60k EV for $30k and a $500k house for $250k. Just do the simple accounting and simple math until you see the incredible benefits of this single policy. Oh, and by the way this single policy ends inflation forever by implementing the impossible so far as current economic orthodoxy is concerned, that is BENEFICIAL price and asset DE-flation.

In doing so it also integrates the self interests of the traditionally opposed economic agent constituencies of merchant and consumer.

(Preface with non-Marxist fact) It simultaneously enables what Marx envisioned but which never happened, namely the revolt of the bourgeosie because of the above integration of traditionally opposed self interests and because it separates the self interests of commercial agents and the banks. (Example of $500k house)

Finally, I even have an ethical “god-father proposition”…that even the banks will find difficult to refuse which is a 50% Gift (debit) of interest at point of loan signing in exchange for a 50% Debt Jubilee Reduction of Principle at point of loan signing.

Finally, finally, the best benefit of this single policy isn’t even economic. That benefit is transforming participating in the economy from the agravation of continual price increases…into the greatest opportunity to self actualize gratitude since meditation and prayer…for a gift of doubled purchasing power. Exactly what society needs in the current economic and political spheres.

$1000/mo. universal dividend, which with the 50% Discount/Rebate at retail sale gives everyone the ability to purchase $2000/mo. and $24k/yr thus ending poverty forever. The dividend starts at age of 18 lasts until you pass on. Economic and monetary security for your entire adult life. This policy along with the 50% Discount/Rebate at retail sale will also enable us to eliminate the payroll taxes every employee and every enterprise pay for welfare and unemployment insurance, thus adding probably another 5-8% of net pay which increase of course is doubled by the policy at retaill sale.

The final killer policy (which I don’t necessarily recommend you disclose) is a 50% Gift of interest to the bank/50% debt jubilee to the consumer. This policy enables that $60k EV reduced to $250k at retail sale to be financed for only $15k and likewise the $500k house reduced to $250k to be financed for only $125k. When was the last time the individual got such a deal? Thats right, never before.

Visualize this and communicate these three policies to the general populace and you can’t lose…even though the banks and their mouth pieces, of course will scream…they are few and everyone else (like 99% of the voting populace) can do the simple math and see how they will individually benefit.

Remember the old political saw, “voters vote their pocket books.”

Pre-Lims To Presentations:

Posted by chdwr

All new money is created by the accounting operations of equal debits and credits that sum to zero. In other words, the banks says: Here’s $1 million that we’re debiting to your account…now we’re crediting our account and you owe us $1million dollars plus interest. The government says: We’re creating $1million in treasury bond “debt” which is bought by the private sector because it is a guaranteed source of revenue until its term is reached at which time the PRIVATE investor is paid back the investment plus interest. Hence all critique of the national “debt” is a misunderstanding, and government “debt” is not the problem, but rather PRIVATE debt that continually builds up.
The banks currently wield a business model monopoly for the creation and distribution of money. This is stupid enough, however they also wield a monopoly monetary paradigm of Debt ONLY. That is, they will not create any money except in the form of debt. There isn’t anything inherently wrong with debt, but a monopoly paradigm of Debt Only is DDDD (Dominating, De-stabilizing and Down- right Dumb). I’m not here to destroy private finance, only its dominace of 95%+ of the general populace and every other legitimate business model, by resolving the major economic problems we’ve been forced to deal with for the entire length of human civilization…by strategically integrating the new monetary paradigm of Gifting into the economic process.
All new paradigm are at first considered absurd…until they are the answer to all of the anomalies of a current paradigm. Examples: (Rise of human consciousness/Nomadic Hunting & Gathering to Homesteading, urbanization and agriculture/Geo-centrism to Helio-centrism) This is because the new paradigm concept is always in complete conceptual opposition to the present one. The new monetary paradigm of Gifting is in complete conceptual opposition with the present paradigm. In other words (Debt Only As In Burden To Re-pay/Monetary Gifting).
In view of the above in #3, cynicism is an intellectual sickness. One must brush past one’s intellectual cynicism because it is nothing other than self stopping without actual present time looking. As Sun Tsu said: “If you can convince the enemy there is no reason to resist you will win every war without a battle.”
The beneficial aspects of every historical paradigm change have always been an aspect or aspects of the natural philosophical concept of Grace (Examples: increased consciousness of self, awareness that all others are also self aware and hence increased sense of the reality of ethics, Increased abundance and survivability, greater scientific and temporal universe awareness of truth and reality, and in the new monetary paradigm, fairness as in graciousness that ends domination).

Posted To Steve Keen’s Substack Newsletter 10/02/2024

Posted by chdwr

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 09/28/2024

Posted by chdwr

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.