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.”

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.