The FED as currently constructed and operating is entirely analogous to Ptolemaic cosmology’s fantasy creation of “epicycles” to explain and deal with anomalous astral body movements.
Kepler’s insight that orbits are elliptical instead of perfect godly circles demolished Ptolemaic cosmology, and implementing a 50% Discount/Rebate policy at the various points of retail sale is a Keplerian equivalent in the economy and the money system.
wisdomicsblog.com
Virtually all of the seemingly necessary back and forth/prestidigtation of the current system and its paradigm of Debt Only in regard to new money creation is eliminated with a new directly distributive paradigm of Monetary Gifting…if that new paradigm is implemented with a double entry operation of a high percentage Discount/Rebate policy at significant points of retail sale throughout the economy (regular retail sale, financial retail sale, i.e. one’s mortgage, automobile, insurance or other big ticket item’s monthly payment, the government deficit). The truth is that finance “stands astride the world like a collosus” because its monopoly paradigm has been imposed upon both the general populace and every other commercial agent except finance…since the first day of human civilization.
This paradigm change is beyond petty reforms, beyond absolutely correct and comprehensive systemic/theoretical problem identification…because it changes the operant IDEA/CONCEPT creating and enforcing the realities/anomalies of the current paradigm…which is what actual paradigm changes do.
Place the horse-new idea of Strategic Monetary Gifting before the cart-present systemic problems with the most efficacious ways of implementing it (digital tech, double entry bookkeeping, a superlative EXE-CUTIVE agent, read the central bank, and distribution at a universally participated in/aggregative as in macro-economic point/the various points of retail sale/exchange above..and stand in the light of the historical phenomenon of paradigm change.
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
