Thank you for slogging away, it must seem tediously repetitive.
The problem for me with your posts is that, while I am clear on the underlying theory, I do not understand the charts such as Figure 3 or Figure 4 here. I have no problem with numbers (imaginary, series, sets, calculus, probability density function, matrices, whatever) but I find the flow of events impossible to follow in these diagrams. Of course I may be more than ordinarily stupid.
With those maths capabilities, I very much doubt that you are "more than ordinarily stupid"! It's more likely unfamiliarity with the accounting, which I hope you will find I address in this long overdue post/book.
And you're right though: it does get tedious explaining this again and again, which is one factor behind the length of time it's taken to write the post. But I hope this will serve as my definitive explanation.
Yes the need and the solution IS about accounting, a supplemental monetary accounting that strategically implemented at the single macro-economic/aggregative as in universally participated in point in the entire economic process (retail sale) single handedly resolves several of the deepest problems of modern economies.
That accounting/policy is a 50% Discount (credit)/Rebate (debit), again at retail sale. And even the beginning algebra student can understand it because its -5 + 5 = 0. In other words the merchant grants the consumer a 50% discount on virtually every product or service and the monetary authority rebates every cent of that/those purchases back to the merchant. The effect is a 100% increase in the individual's demand/purchasing power while simultaneously implementing BENEFICIAL price and asset DEFLATION ($100 of potatos for $50, and a $500k house for $250k. Repeat the operation at point of loan signing where the bank is gifted 50% of the total interest on a loan in return for a 50% reduction in the principle and the consumer gets a $500k house for only $125k. So by your own analysis the biggest underlying historical problem of the continual increase in private debt is reduced by 75%. Other policies that prevent the worst cheating/gaming of the new paradigm stabilize it.
New paradigms are deep resolving single applied concepts that are always in complete conceptual opposition to the current anomalous paradigm in this case Debt Only to Direct and Reciprocal Monetary Gifting.
Enlightening economic theory by dispelling the notion of Loanable funds is all well and good, but broadcasting the huge benefits of the policies of the new monetary paradigm to all economic agents in a social movement is the faster route to economic and political change.
That’s why I opened with that word from Keynes mate. They’re locked into a paradigm which they think is the truth. There’s no rescuing them once they’ve fallen into it, so they have to be displaced.
Thank you for slogging away, it must seem tediously repetitive.
The problem for me with your posts is that, while I am clear on the underlying theory, I do not understand the charts such as Figure 3 or Figure 4 here. I have no problem with numbers (imaginary, series, sets, calculus, probability density function, matrices, whatever) but I find the flow of events impossible to follow in these diagrams. Of course I may be more than ordinarily stupid.
With those maths capabilities, I very much doubt that you are "more than ordinarily stupid"! It's more likely unfamiliarity with the accounting, which I hope you will find I address in this long overdue post/book.
And you're right though: it does get tedious explaining this again and again, which is one factor behind the length of time it's taken to write the post. But I hope this will serve as my definitive explanation.
Yes the need and the solution IS about accounting, a supplemental monetary accounting that strategically implemented at the single macro-economic/aggregative as in universally participated in point in the entire economic process (retail sale) single handedly resolves several of the deepest problems of modern economies.
That accounting/policy is a 50% Discount (credit)/Rebate (debit), again at retail sale. And even the beginning algebra student can understand it because its -5 + 5 = 0. In other words the merchant grants the consumer a 50% discount on virtually every product or service and the monetary authority rebates every cent of that/those purchases back to the merchant. The effect is a 100% increase in the individual's demand/purchasing power while simultaneously implementing BENEFICIAL price and asset DEFLATION ($100 of potatos for $50, and a $500k house for $250k. Repeat the operation at point of loan signing where the bank is gifted 50% of the total interest on a loan in return for a 50% reduction in the principle and the consumer gets a $500k house for only $125k. So by your own analysis the biggest underlying historical problem of the continual increase in private debt is reduced by 75%. Other policies that prevent the worst cheating/gaming of the new paradigm stabilize it.
New paradigms are deep resolving single applied concepts that are always in complete conceptual opposition to the current anomalous paradigm in this case Debt Only to Direct and Reciprocal Monetary Gifting.
Thank you non-Nobel Prize committe in economics.
Enlightening economic theory by dispelling the notion of Loanable funds is all well and good, but broadcasting the huge benefits of the policies of the new monetary paradigm to all economic agents in a social movement is the faster route to economic and political change.
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
That’s why I opened with that word from Keynes mate. They’re locked into a paradigm which they think is the truth. There’s no rescuing them once they’ve fallen into it, so they have to be displaced.