…when the ultimate monetary authority is the central bank and it could just create the money necessary to pay for 50% of the benefits government identifies as rationally needed and 50% of the cost of everything we buy when we go to the store as well?

Why not just mandate that the central bank create and distribute 50% of the cost of all such government legislation and also 50% of the price of every good and service at its retail point in the economy???

“It will cause massive inflation!” say the economists. Well, if you can buy $100 worth of groceries or other consumer products or services for only $50 at the point of retail sale…thats a funny kind of inflation.

“It will sky rocket the national debt and the taxes needed to pay for those services!” say the conservative and even the liberal politicians. Well if the central bank just created and distributed 50% of the cost of all legislation with money…not bonds IOW not debt…that would reduce the amount of taxes individuals and enterprise needed to pay to cover those costs and benefits BY 50%…and thats a funny kind of “necessary” increase in both taxes and debt.

“Thats harmful and over bearing!” say the people who wield the present paradigm. Well, if doubling the potential demand and hence the potential profit for every enterprise’s goods and services including the services of the private banks, IOW paying the bank 50% of everyone’s monthly debt payment…thats a funny kind of harmfulness and overbearingness for everyone…including the private banks.

And all of these and other economic problems are caused by finance insisting that all new money must only be created and distributed as DEBT, in other words a monopolistic and so dominating and harmful monetary and economic paradigm concept of DEBT ONLY…and integrating a directly distributive and reciprocal monetary paradigm into the DEBT ONLY system with a 50% Discount/Rebate policy at the retail points of the economy and also of government costs solves virtually all of the long standing economic problems everyone is forced to endure because of the present paradigm.

The last monopoly paradigm we broke up was Salvation Via Roman Catholic Sacraments ONLY and that was known as The Protestant Reformation.

We need a new monetary and economic reformation of Direct and Reciprocal Strategically Distributed Monetary Gifting at the retail points of the economy with a 50% Discount/Rebate policy at retail sale.

Let us have such a gracious economy and gracious government.

Steve Hummel 08/25/2026

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.