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.