With the 50% Discount/Rebate at regular consumer and financial retail sale inflation is resigned to the dust bin of history and universally secure monetary and economic democracy is basically accomplished. Hence, the present speculative nature and criteria for bonds and their rates can instead be tied directly to more rational and ethical purposes…like addressing the energy and ecological crises converging upon us all.
So pardon me, but fuck all of the libertarian falderal about the importance of the bond market and their rates.
Wisdomics-Gracenomics is the answer to universal economic security and stability. Full stop. However, no matter how much economic security one has, if they don’t also have a positive constructive purpose, they’re going to end up being an unhappy son of a bitch. Therefore, find your positive constructive purpose (PCP) and let that also be the goal of government and private entities.
Addendum: Social Security is the most enduring economic palliative and as a result it became the “third rail” of politics IOW if you tried to diminish it you were dead politically. But there is a world of difference between a palliative and a paradigm change, neah, a mega-paradigm change like Wisdomics-Gracenomics. Politicians! Wisdomics-Gracenomics is the new third rail of politics!
Trump is a total idiot that is for sure, but the libertarian obsession with austerity and pain is only one step above his stupidity.
The truth: Deficits don’t matter because they are revenue and thus a part of GDP. Only problem is they are revenue for only the banks and the wealthy who can afford to buy the treasuries. Democratize the revenue to buy them.
Inflation? Not with a policy of a 50% Discount/Rebate at retail sale which enables $4.50/gallon gas to be purchased for $2.25 and a $500k house for $250k and yet the home builder gets their full price with the rebate aspect of the policy.
Increased Taxes? Nope. Just mandate that the FED pay for 90% of the government deficit thus reducing total taxes by 90%
When you intellectually break through and start analyzing conceptually/paradigmatically you begin to realize that concept/paradigm changes resolve formerly thought of unresolvable opposites and invalidate old orthodoxies
Wisdom is the intellectual process of integrating and resolving opposites, and the beneficial aspects of every historical paradigm change have always been an aspect or aspects of the natural philosophical concept of grace, in this case grace as in the free gift of price/purchasing power.
Wisdomics-Gracenomics the new monetary and economic paradigm policy program.
AT: Your whole argument rests on the GDP being the ultimate variable that describes an economy. I’d argue that is bunk.
Me: Not correct. Its based on purchasing power at the very point of purchase itself. Model the freshman algebra of -50% discount at retail sale to the individual agent + rebate of the total of 50% discounts back to the merchant until you see that this single policy is the greatest progression of profit making economic systems since sea shells were money.
Its become sport for me to come here and prove that the biggest problem humans have is not realizing that changing one’s mind is simultaneously the easiest and most difficult thing to do. Easy if you actually look at the effects of a new applied idea/paradigm concept, and impossible if you’re stuck in your head with an old orthodoxy that the new paradigm invalidates.
Will is the answer to your malady, and the aspects of the natural philosophical concept of grace are the beneficial effects behind every historical paradigm change. Thats the new science of paradigmology. Just call me Copernicus and maybe also Plato or Socrates.
rjd: Forthwith, I shall call you ‘Descartes’
Me: Don’t know if that was meant to be a compliment or an insult. Descartes’ dualism is a reality, but the whole truth is trinity/thirdness greater oneness of a duality as in Hegel’s thesis, antithesis and synthesis which is the intellectual process of wisdom and the signature of historical paradigm changes.
Quatloo: Just don’t put him in front of the horse.
Me: Yes, that might result in forward movement as in permanent progress/paradigm change. Those who are right only in their own minds are indeed the perfect example of the cart before the horse.
JD: GDP “growth” is already mostly the issuance of new debt.
Me: True. And thats why the answer to that problem is Strategic Monetary Gifting.
AO: I think you would be wiser to stick to cleaning windows.
Me: I indeed at one time owned and operated a boutique residential window cleaning service. The irony is that my moniker is also a reference to Huxley’s book The Doors of Perception which is a treatise on Blake’s quote: “If the doors of perception were cleansed every thing would appear to man as it is, Infinite. For man has closed himself up, till he sees all things thro’ narrow chinks of his cavern.” [1]
Synchronicities are meaningful coincidences.
LM: Glad you cleared that up. Your ideas makes you sound like a window licker. Seriously. Maybe you can get away with this with Ai robots doing all of our work for us some day. But are you suggesting that 50% markup can be simply erased? Markup represents the middleman’s cost. Having a storefront, website, or a physical business location does not come for free. By your logic everyone could take a 60% haircut, or 70%, 80%. Then everyone is closer to working for free. I gotta call BS. Check your real math. Map it out on a chalk board. See where it all goes. My guess is you’re not summing all the forces at work.
Me: There is no 50% mark up. Its a 50% discount to ultimate price because retail sale is the point where production exits the economy and becomes consumption, yet with the central bank rebating every cent of the merchant’s discounts back to them they are made whole on their entire price…so no moral hazard there. And what libertarians dream about, namely deflation becomes the reality. Plus it doubles everyone’s purchasing power which is what enterprise would love to see happen. It out profitability’s capitalism and out economic democracy’s socialism…because its a thirdness greater oneness of the obsessive alligance to orthodoxy on both sides of that duality.
Mish: Fuck your MMT or whatever it is wisdomomics
Me: Mish, Mish…I expected a little more scholarly response than that, or at least a non-response. Did you actually model the policy with the central bank rebating the merchant’s discounts back to them so they’re made whole on their full price? Also, did you understand that all of that rebate is debt free money so no “national” debt increases, and it implements price deflation? Thats libertarianism without all the pain, less all of the unworkability of “free” market orthodoxy, less all of the domination by Finance’s monopoly paradigm of Debt Only.
I think you guys who are so resistant to being able to buy $100 worth of groceries for $50 or buy a $500k house for $250k will resist until your wives catch up to you and hit you over the head with a rolling pin at which point you grow a couple more brain cells and say: “Hey, this really IS a great deal! I’m on that bandwagon!”
Me: I have never argued that over indebtedness is not a problem. IT IS THE PROBLEM. Private over indebtedness, not “national” debt, that is. And that is because of Finance’s monopoly paradigm for the creation and distribution of new money which is DEBT ONLY, and logically and applied idea/paradigmatically that means that integrating Strategic Monetary Gifting into the Debt Only system…IS THE ANSWER.
PD: Stop being such a lightweight. 50% discount? No way. I want it all for free. Make the government rebate the retailer 100%.
So the house builder gets all his materials for free. He pays his workers nothing. Sells the house for nothing. And the buyer pays nothing.
Perfect. We all live in mansions, drive Ferraris, get our food and necessities for free. It’s the Window Cleaner’s Golden Age.
Now. When are you going to imeplement this miracle system? It sounds so much better than Trump’s Golden Age.
Me: Don’t put your words and non-economic thinking in my mouth. The 50% Discount/Rebate at retail sale is exquisitely economically valid and relevant to the system’s deepest problem…the monopoly monetary paradigm wielded by Finance.
Me: This sure has been fun. It will probably end up as a chapter entitled Owning The Overly Orthodox in my book The New Study of Paradigmology.
And remember, there’s never been anything wrong with the idea or the practice of Gifting because after all, it elicits grace as in gratitude.
Orthodoxies trap you squarely in Plato’s cave while the flow of nowness and continual newness of grace leads you to the surface where a deeper reality can be experienced.
Speaking of innovation the 50% Discount/Rebate policy at the various points of retail sale is so paradigm changing that its right up there with helio-centrism, homesteading, urbanization and agriculture, the control of fire, the creation of money itself and even the evolution of consciousness. Why? Because it invalidates anomalous orthodoxies like The Quantity Theory of Money with its implementation point being the summing and ending point of all costs and hence the point of calculation of ultimate inflation but with its reciprocal function of cost reduction for the consumer and rebate of total discounts back to the merchant it inverts the present reality of chronic erosive inflation into beneficial price and asset deflation which phenomenon again is a classic signature of historical paradigm changes.
Finally, it also qualifies as my coined term of a mega-paradigm change because its benefits spill over into bodies of knowledge and areas of human endeavor other than the area of primary analysis like for instance sociology and political science where it soothes the present tension over unafordability and the fact that Finance and oligarchs “own” governments.
Finally, finally, it expresses serendipity which is the unexpected benefit not even considered relevant to its primary area of application in that it creates a temporal universe system that everyone must and does participate in (retail sale and the economy) that enables and fosters better spirituality because its the greatest opportunity to self actualize gratitude for a gift…since meditation and prayer.
…but you can break it up thereby ending its dominating and destabilizing unavordability economic effects and implementing a new paradigm at a strategic point in the economic process that everyone must and does participate in which are the various points of retail sale. And that is what the 50% Discount/Rebate policy at retail sale precisely does.
Excellent exegesis of neo-classicalism, the most recent depressions/recessions, the stupidity of human orthodoxy/obsessive duality and of the monetary and economic necessity, if not the strategic efficacy of the double entry bookkeeping operations of equal debits and credits that sum to zero.
However, it fails to conceptually analyze that historically the “thing” that resolves those idiocies has always been an applied idea AKA a new paradigm that inverts and resolves the present paradigm’s anomalous realities. If we did that we could decipher the signatures and even the central reality creating concept behind historical paradigm changes themselves IOW create the new study of paradigmology.
That is what the policy program in my book Wisdomics-Gracenomics evolvingly does with its primary policy of the double entry bookkeeping operation of a 50% Discount/Rebate policy at the strategically aggregative as in universally participated in macro-economic points of both regular consumer retail sale, and also at the most anomaly creating retail point of all namely finance’s monopoly paradigm (Debt Only) expressed and enforced at the point of indebtedness itself which is one’s monthly mortgage, insurance, automobile or other big ticket item’s monthly payment.
Political and military alliances and their peaceful and progressive intentions are sustained when their leaders combine might, the right and insight. They will fail when those leaders are plunderers, bunglers and habitual prevaricators.
The wisdom of Grace is the key to the first result, and graft to the second.
I’m inclined to think that the key to developing and utilizing zero point energy is to focus on the present moment until you have the enlightening experience of what zen buddhism calls satori…which is actually a moment of the nascent integration of one’s consciousness with the continual electro-magnetic flux that is ever present…and which is actually the basis for our evolution of consciousness as well. This would make it a thoroughly natural phenomenon that could be both personally develop-able and very likely technologically focusable.
Its always been an oligarchy. Thats why we had slavery, Jim Crowism, women didn’t have voting rights, immigrant demogoguery…and Finance was The Great Oz behind the curtain the entire time.
Yes, all of the historical bad governments were overt fascist or otherwise totalitarian, but America’s promise was really just a suave form of oligarchy, and despite some progress in dealing with the above nasty facts that progress is only palliatives which continue to rise up like we see it happening here now.
The way toward an actual and permanently progressive democracy is a paradigm change in the monetary and economic systems. Why? Because it would implement permanent individual economic and financial security…and security is emboldening. Voting is true power, and your secure money-vote is the base upon which a true democracy can finally take root.
Wisdomics-Gracenomics permanently implements your secure money-vote and that is the rarest of human historical phenomenon which is a mega-paradigm. Historical paradigm changes have always been universally experienced moments of permanent progress whose benefits spill over into multiple systems, bodies of knowledge and areas of human endeavor…other than the primary system(s) under analysis, and also have serendipitously enabled progress in areas not even considered related to the primary area of the paradigm change…like spirituality in Wisdomics-Gracenomics does because its an opportunity for EVERYONE to self actualize gratitude for a 50% gift of price at retail sale and so a doubling of your current purchasing power.
Social Credit/Wisdomics/Gracenomics/ Gracientialism 