Posted To Steve Keen and Phil Dobbie’s Podcast 07/03/2026

Its too damned expensive unless you integrate Strategic Monetary Gifting into the present Debt Only paradigm for the creation and distribution of all new money with a 50% Discount/Rebate policy at regular consumer goods retail sale and also the retail point of Finance the effect of which out libertarianism’s libertarians because it implements deflation but without the pain and suffering they so blithely overlook. It also out profitabilities the capitalist because the 50% reduction in the price of virtually everything doubles the potential demand for every one of enterprise’s goods and services. Lastly, it out socialism’s the socialists because it mathematically doubles every individual’s purchasing power hence effecting universal economic democracy. Add in philosophically aligned policies like UBI or UHBI before AI causes a disaster. Finally, add in a policy of a sliding scale required percentage of Gifted purchasing power to be “taxed” into 5-6% Eco-Energy R & D Treasury bonds IOW a gift of a guaranteed investment the effects of which would be to mitigate the additional consumption and fund both the off planeting of production to orbit and also the moon as well as hopefully finding a way to tap into quantum zero point energy…so Strategic Monetary Gifting becomes the way to hasten rationally dealing with the energy problem as well. Give everyone and every commercial agent an account at the central bank and mandate that they distribute the monies for the 50% Discount/Rebate etc. etc. and we’re on the way.

Finally, finally, cynicism is the modern acculturated intellectual disease of the erudite because it stops necessary and rational action before its even started while enabling them to appear “realistic”. At least adopt Antonio Gramsci’s attitude of “pessimism of the mind, optimism of the will.” That way you don’t kill action.

Posted To Steve Keen’s Substack Newsletter 07/03/2026

The quasi-ergotic point in the economic process is retail sale because the aggregates of everyone must and does participate in it. Hence everyone is monetarily and economically effected by cost/price at that point. It, including both regular consumer retail sale and the retail point of Finance which is one’s mortgage, insurance, automobile or other big ticket item’s monthly payment is also the terminal ending point of the entire economic process where production exits the economy and becomes consumption.

So if you implemented a double entry bookkeeping operation of equal debits and credits with a 50% Discount/Rebate policy at those points you’d go a very long way toward resolving the problems of neo-classicalism and of the civilization-long dominating monopoly paradigm of Debt Only wielded by Finance.

Then, simply utilize incentives and disincentives to tie up the ethical lose ends of attempts to game/destabilize the paradigm changing benefits of the 50% Retail Discount/Rebate and other aligned policies through time…and you can approximate economic and monetary ergodicity.

One final suggestion: Cognite on the fact that the beneficial effects of every historical paradigm change have always been an aspect or aspects of the natural philosophical/spiritual (but not necessarily religious) concept of grace which makes paradigm change the “plug and play” intellectual process of finding the relevant philosophical aspect of grace and its most efficacious systemic applications.

Wisdom, Paradigm Change and Grace

Wisdom is the intellectual process of integrating relevant but problematic complexities so as to effect deep resolving applied solutions in the form of conceptual simplicities. This also the progressive phenomenon known as paradigm change which is a wisdom phenomenon itself because it is simultaneously both a mental/conceptual and temporal/physical universe effect, i.e. an integration of opposites that resolves.

The key insight to take from this is to realize that the beneficial effects of every historical paradigm change have always been an aspect or aspects of the natural philosophical concept of grace which then enlightens one to the realization that finding the relevant aspect(s) of grace and most efficaciously systemically applying them becomes a “plug and play” intellectual process for paradigm change.

Steve Hummel 07/03/2026

Posted To Rodger Malcolm Mitchell’s Blog 07/03/2026

CAPS are for emphasis only, not yelling.

Excellent, excellent post Rodger. I wouldn’t argue with anything you say, I would only ask what would be the best way we could harness and direct this restlessness? And that would be to find a way to elicit spirituality/the beneficial aspects and fruits of religion but NOT religion itself…just the beneficial EXPERIENCES of it…into an activity that is universally participated in and necessary for survival itself…like the economy for instance. In other words you integrate spirituality, in this case the opportunity to experience grace as in gratitude for a gift of 50% of the price of everything into the mandatory activity of a human system.

Monetary Grace as in Gifting could elicit the experience of love AND loving ACTION, i.e. graciousNESS that not only resolves the deepest problems of the economy but also becomes the greatest opportunity to CONSCIOUSLY self actualize gratitude…instead of being forced into grudging resentment at chronic erosive inflation and thus the stress of continually falling behind financially, not to mention having to deal with the stress of the daily barrage of greed, corruption, demagoguery i.e. anti-ethical behavior of chaos monkeys like you know who.

This would be a comprehensive human project that needs multple strategies, i.e. Wisdom because human psychology is complex (thats why I titled my book Wisdomics-Gracenomics) and thats why additional policy incentives and institutional changes I suggest in my book are also necessary…but the single policy of a 50% Discount/Rebate at the various points of retail sale is the start because its a BIG and UNIVERSALLY BENEFICIAL RESOLVING ACTION.

Looking Exercise

Look at something solid. Look at its color. Look at another detail in it. Look at a different detail in it. Look at the space around you. Look at something else that is solid. Repeat several times.

Monetary Gifting:

Absolutely the way to counter the negative economic effects of AI.

Then all we need to do is acculturate/guarantee positive, constructive purpose.

AI doesn’t have to be a disaster…if we utilize the intellectual process of Wisdom which is the integration of opposites that resolves problems, increases survival and whose beneficial effects are always the natural philosophical aspects and ethical concept of grace as in love and loving.

Steve Hummel 07/01/2026

Analogous Nature of Kepler’s Discovery of Elliptical Orbits and Of The Retail Point of Finance

They both soldify and make a paradigm change more effective and resolving.

The 50% Discount/Rebate at regular consumer retail sale stabilizes the economy by ending the Full Price Only paradigm enforced at that point, but applying the 50% Discount/Rebate at Financial retail sale (one’s mortgage, insurance, automobile or other big ticket item’s monthly payment) also breaks up the monopoly monetary paradigm for the creation and distribution of ALL NEW money which is currently Debt Only and thus extends and increases the economic effects of the 50% Discount/Rebate at regular/everyday consumer retail sale and also ends the inevitability of increasing private indebtedness that has always destabilized an empire’s economy.

This additional discovery is perfectly analogous to Kepler’s discovery of elliptical orbits.

Steve Hummel 06/30/2026