Theory without pungent application is a eunuck, and cynicism is the intellectual disease of self stopping.
All new paradigm concepts are apparently absurd because they are always in complete conceptual opposition to present orthodoxy...until they are the solution to systemic anomalies.
Mass movements advocating "an idea whose time has come" always precede political change. Accounting is the temporal universe score card of money and probably the most temporal universe reality anchoring discipline humanity has ever invented. Thus:
Retail sale being the single aggregative/macro-economic as in universally participated in point of the entire economic process is the best place to implement a gifting monetary policy utilizing equal debits and credits that sum to zero.
The point of borrowing/loan signing is probably the second most participated in point in the entire economic process and hence the best place and time to integrate debt jubilee continuously into that process.
Proverbs are wisdom because they are the integration of insight and action.
A = L + E, this equation is where administrative fantasy in government begins.
Applied to government money creation, which is infinite in theory and constrained only by inflation, this equation is a superb sophistry that results in a near permanent state of austerity, surplus labour and soft subsidy to capitalism.
Which explains why it is universally taught in public finance.
For future reference, I made, a while back, a handy-dandy list of major international banks/institutions who've come out, as it were, against the false paradigm and explained how banking really works https://www.economania.co.uk/various-authors/where-money-comes-from.htm
Theory without pungent application is a eunuck, and cynicism is the intellectual disease of self stopping.
All new paradigm concepts are apparently absurd because they are always in complete conceptual opposition to present orthodoxy...until they are the solution to systemic anomalies.
Mass movements advocating "an idea whose time has come" always precede political change. Accounting is the temporal universe score card of money and probably the most temporal universe reality anchoring discipline humanity has ever invented. Thus:
Retail sale being the single aggregative/macro-economic as in universally participated in point of the entire economic process is the best place to implement a gifting monetary policy utilizing equal debits and credits that sum to zero.
The point of borrowing/loan signing is probably the second most participated in point in the entire economic process and hence the best place and time to integrate debt jubilee continuously into that process.
Proverbs are wisdom because they are the integration of insight and action.
A = L + E, this equation is where administrative fantasy in government begins.
Applied to government money creation, which is infinite in theory and constrained only by inflation, this equation is a superb sophistry that results in a near permanent state of austerity, surplus labour and soft subsidy to capitalism.
Which explains why it is universally taught in public finance.