Why celebrate a government surplus?
Thank you, Prof Keen! Timing on your post was remarkable since I am presently trying to explain this exact thing to a number of friends in the US. Have already forwarded the link to this post with a few excerpts in case some on the rather long list are not too fond of reading. Thank you again, Brian
Steve, might want to include 'taxes, levies and fees' for consolidated revenue to government in future. Excellent post as usual.
Analyzing the entire system would entail analyzing the ideas governing and creating the realities of the system, particularly the operant ideas AKA its paradigms. Like Debt Only as in the sole form and vehicle for the creation and distribution of new money and as in only the burden to repay. New paradigms are always in complete conceptual opposition to the current/old paradigm like for instance nomadic hunting and gathering to agriculture, homesteading and urbanization or geo-centrism to helio-centrism. So Monetary Gifting seems to fit that paradigmatic bill. Add to that the fact that all of the policies and intentions of the leading economic and monetary reform movements like debt jubilees, job guarantees, fiscal deficits and UBI/Universal Dividend are forms of monetary gifting. So all you really need to do is discover the most efficacious points in the economic process to apply the new concept so as to fully effect its reality like my 50% Discount/Rebate policy at retail sale and a 25-50% debt jubilee at the point of loan signing for instance.