I don’t disagree with anything you say in this post. I only suggest that we give every economic agent, both individual and commercial, an account at the central bank, and then to implement a 50% Discount/Rebate at the various points of retail sale and mandate that the central bank create and distribute the rebate aspect of that policy This does what the Copernican cosmological paradigm change did to Ptolemic cosmology…to the Quantity Theory of Money and Its alleged necessary inflationary effect, that is, it invalidates it and inverts the temporal universe reality which is from chronic erosive inflation to beneficial price and asset deflation.

Presently, the central bank is the handmaiden of the banks in “normal” economic times and its bail bondsman when Finance destabilizes the economy with its monopoly paradigm for the creation and distribution of all new money which is Debt Only.

Give every economic agent an account at the central bank and implement the above policy and the result will be that the new monetary and economic paradigm of Strategic Monetary Gifting will be integrated into the economy and it will out profitability capitalism and simultaneously out economic democracy socialism thus creating a thirdness greater oneness of that problematic duality AKA a Wisdomics-Gracenomics.

wisdomicsblog.com

Steve Hummel 10/27/2026

A point of final price point of economic and/or monetary exchange.

…is 1) a gigantic step toward creating a more humane human civilization because it corrects a human civilization long recurring problem…and 2) it does this by integrating aspects of the natural philosophical concept of grace and its universally recognized benficial fruits like gratitude, thankfullness, abundanc and security…and 3) it does this with the single policy of a 50% Discount/Rebate policy at the various points of retail sale throughout the economy…because 4) everyone must and does participate in retail sale which means it has instantaneous macro-economic effect and 5) that effect also integrates the normally opposed self interests of the consumer and the merchant because 6) it doubles everyone’s purchasing power while with the rebate aspect of the policy it 7) also doubles the potential demand for every one of the merchant’s goods and services. This is what I refer to as a mega-paradigm change of which there has only been 3-4 in the entire history of the human species.

Steve Hummel 10/27/2026

Excellent exegesis of the election as always Mish, however the following statement ironically describes the problems with economic “theory” today on both sides of the aisle:

“the whole point of building a model, in some sense, is to set clear rules ahead of time so you don’t have to trust your gut or make ad hoc assumptions in midstream.”

IOW capitalist and socialist theorists are caught in an unresolving duality due to their theoretics not creating known and enforceable barriers but won’t/can’t breakthrough to a resolving thirdness due to rigid orthodoxy and failing to find the key factor that keeps the present chaos in force.

The new monetary paradigm of Strategic Monetary Gifting that breaks up Finance’s monopoly paradigm of Debt Only and the 50% Discount/Rebate policy at the various points of retail sale out does the profitability of capitalism and out economic democracy’s socialism.

wisdomicsblog.com

Its the nothingness from which everything manifests. Look until you see.

Look don’t think. On a scale of consciousness looking is right below knowingness. Imo satori is the initial and nascent integration of one’s awareness with the electro-magnetic flux that is all around us at all times. Its an integration of opposites (self awareness and the cosmos) and hence both a natural and spiritual experience.

The actions of consciousness are reaching and withdrawing. Learning to simply keep reaching and withdrawing is the experience of samadhi.

Steve Hummel 10/23/2026

Create an economy and culture based on Grace/Monetary Gifting/Mindfullness.

And it all starts with the 50% Discount/Rebate policy at the various points of retail sale which creates a universally participated in opportunity to consciously self actualize gratitude for a gift.

Steve Hummel 10/22/2026

…the wondrous experience of god is simply your consciousness nascently experiencing and integrating with the electro-magnetic flux that is always all around us?

That would be an ultimate integration of opposites (self and the outside universe), and a natural panentheism.

Steve Hummel 10/22/2026

If you sanely regulate Financial speculation and “innovation” so that they don’t destabilize the economy and double the available money in the hands of everyone while simultaneously implementing beneficial deflation with a 50% Discount/Rebate policy at retail sale, that is the dictionary definition of excellent economic times…so how is that a problem???

Steve Hummel 10/22/2026

Me: The solution for Alberta, all Canadians and every other national economy is to change the monetary paradigm of enforced monetary austerity to abundance with a 50% Discount/Rebate at retail sale which not only doubles everyone’s purchasing power but also creates beneficial deflation…by increasing the money supply therefore invadidating The Quantity theory of Money.Milton Friedman turns over in his grave and the terminally orthodox deride the policy while ignoring its temporal universe effects. JUST MODEL THE POLICY EFFECTS UNTIL YOU SEE THE PARADIGM CHANGE. SHEEEESH!

LM: Ut oh! It’s the window licker again. What Ai model are you? Or what Ai model are you using now? “Doubles purchasing power… and creates deflation.” Wow! You got me there partner. Any links you can point to that break this down for us???

Me: Just do the double entry bookkeeping operations of equal debits and credits that sum to zero…which is the way all new money is currently created…except you change the nature of the money debited back to the merchant from Debt Only to Monetary Gifting. Every economic agent gets an account at the central bank making it The General Reserve instead The Federal Reserve and thus only serving the private banks whose monopoly paradigm of Debt Only serially destabilizies the domestic economy by over indebting the individual and enterprise. Its an aconomically beneficial bailing out of everybody…instead of just the banks …after they cause the problem with their monopoly monetary paradigm. Or you can just deride its temporal universe benefits by not looking at them and become an orthodox dunce.

Implementing a 50% Discount/Rebate policy at the various points of retail sale throughout the economy breaks up the present monopoly paradigm concept for the creation and distribution of all new money that the private banks currently wield. It is the accomplishment of the synthesis/dialectic…without the attending negative orthodoxy effects of the either capitalism or socialism. Thats because it out profitability’s capitalism and out economic democracy’s socialism. There you have it, just keep modeling the beneficial effects of that policy for every economic agent with the double-entry bookkeeping operations of equal debits and credits.

You’re a brilliant systems analyst Dr. Keen, but like everyone else but me you fail to analyze money and the economy conceptually/paradigmatically. Please stop being exactly like the neo-liberals you correctly critique and look at the macro-economic effects of this single paradigm changing policy.

Steve Hummel 10/19/2026