If you act/implement relevant policy at the terminal ending point of an immutable and cumululative cycle, you can resolve with reality changing and even paradigmatic power.

Steve Hummel 04/25/2019


Reply on RWER Blog 04/25/2019

Here’s an ontology for you: the cosmos is a continuing abundant, interactive, integrative flow of everything through time. That is its beingness. It’s so powerfully true that you can’t stop it from flowing. This was identified in the rig veda by the much wiser and much more scientifically disciplined sages of that time, and from which we have devolved.

This fact has elsewhere been identified as the cycle of action of the physical universe. There are within that macrocosmic reality many cycles that reflect it, and the component parts of those flows/cycles are start, change and stop. If economists would study this cycle with an eye to where it stops they might have a very powerful cognition.

What We Need

Look, we don’t need another regurgitation of already affirmed and confirmed heterodox critique of present orthodoxy. We need action that has a clear vision forward toward change. That is what everyone here beside myself lacks. I’ve heard Steve Keen say over and over that we need a new paradigm, or a new philosophy in economics…and then go right back to critiquing the orthodox. I’m not against that, but we have to move forward. The truth is no one knows how to move forward with confidence BECAUSE THEY DON’T KNOW WHAT THE CONCEPT OF THE NEW PARADIGM IS. HENCE THEY CANNOT VISUALIZE IT AND CRAFT POLICY AROUND IT.

Unconsciousness is a mental immovable object unless you know how to break through and dispel it. Even Steve Keen whose main critique of DSGE is it ignores money, debt and banks looks directly at the main components of the present paradigm….but still doesn’t know how to discern the new one. If you read my book you learn the historical signatures of all imminent and accomplished new paradigms so you can use them to discern the new one.

Enough with mere intellectualism. We need action, enlightened and wise action.

Bonds and Debt: Individual and Bank Created

If a person pays to purchase a bond with their own money they get that money back when the bond is paid. If they borrow to purchase it they of course need to pay whatever balance is left on such loan. If a bank or central bank creates money to purchase a bond and it is paid off that money goes “poof”.

The money creating function of private finance is misguided, unnecessary, dominating and ultimately de-stabilizing of the economy. We must have a publicly administered national/central banking system and policies that implement the new monetary, financial and economic paradigm of Direct and Reciprocal Monetary Gifting in order to have a humane economy, a money system that truly serves us instead of dominating us and in order to be able to finance human and planetary survival.

Economics and Religion: Complementary

Wisdom/Religion and economics are complementary studies in that the one is about philosophy/thought and the other about policy/action. What they both require is their integration. Faith without works/acts is dead, and wealth without ethics is equally deadening and leads to preoccupation with power rather than love and its active form known as grace which is the object of the truly balanced mind.

Wisdom/Religion is all about everything causitive you create in your self and economics is what forces us to direct the majority of our time, effort and attention in the temporal universe. An economics truly based on and aligned with spirituality is the next major paradigm change for humanity and will finally close the circle that has kept mankind less than consciously whole and unable to maintain the interactive and integrative state known as grace.

Let us have a Wisdomics-Gracenomics which finally and truly integrates ethics into economics and builds the bridge upon which mankind finally exits its troubled adolescence and fulfills its true species designation, homo sapiens sapiens, wise and discerning man.

Posted To RWER Blog Regarding The Speed of Paradigm Changes

“A culture doesn’t change quickly and certainly it seldom changes in any significant degree from just addition or subtraction of a paradigm.”

The Copernican Cosmological paradigm change took place in the tiny area of astronomy and the strictly mental area of religious orientation. Thus its effects while truly significant weren’t immediately felt or understood by the entire populace.

However, a culture changes very quickly if the area of human endeavor/body of knowledge the paradigm change occurs in effects everyone in a fundamental, vital and everyday way, and a monetary, financial and hence economic paradigm change, because everyone is bound to it in such ways, would have precisely that kind of immediate effect.

I don’t know if your reference to addition or subtraction meant the changing of one paradigm to another or whether it was a reference to the subtraction and addition function of the discount/rebate policy. As I just stated if the area that the paradigm change takes place in effects virtually everyone in a continuous fashion then the new one will also have such immediate effects. So far as the simple mathematical operations of the policy are concerned the simplicity of them is not why they are powerful, but rather because the operations occur at a pivotally significant ending, summing and economic factor expression point in the entire economic/productive process, namely where production becomes consumption, and hence its effects are so macro-economically final and significant. And their effects resolve the two major problems that plague modern economies and that heterodox economists say they want to solve, namely price and asset inflation and individual and systemic monetary scarcity.

And all macro-economists and pundits have to do to see this is exit the abstract fugue they so often fall into….and actually LOOK at it present time empirical, mathematical and universal effects.

The Operation(s) of Paradigms Are Simple

If one studies paradigm changes they find that the actual operation(s) that effects the paradigm change itself is always simple. The inversion of the positions of the earth and the sun, Nomadic existence to homesteading/urbanization, Debt Only to monetary gifting. It’s just that, that particular operation is so profound that it cuts through most of the theretofore seemingly necessary complexities and false orthodoxies. Reforms are complex, shallow and reversible operations. Paradigm changes are simple, deep and permanently progressive ones.

Considering that the paradigm of Debt Only has been in affect for the entire history of human civilization the new one of monetary gifting is of paramount importance. That we don’t see it and act upon it is telling. And as I write this Notre Dame cathedral burns as people spectate and firefighters cannot reach it. How emblematic of modern civilization’s unconsciously dis-integrative state.