The following are posts to Ellen Brown’s forum:

Regarding an entertaining piece by James Howard Kunstler

I actually enjoy his “Gonzo” writing style, and the scenarios he paints are all too possible…if we do nothing. Kunstler unfortunately is also a goldbug and favorite of the Austrian/Libertarian/General Equilibrium economists…so his biases betray him. Back when I was posting on Mish Shedlock’s blog his name came up as an authority on a regular basis.

Also unfortunately for Kunstler and all of the above perspectives is the fact that the economy is actually in a continuing state of disequilibrium…so just letting market forces sort it all out…ain’t gonna actually solve that inherent state of….disequilibrium. DSGE theorists are all passe as mathematically proven by Steve Keen….and C. H. Douglas 90+ years before him. The real question is whether or not a guy like Keen is going to be able to rise above his own iconoclastic strengths and come up with integrative, wise and transformational macro-economic policies like dividend and discount mechanisms…as Douglas did, or offer up mere palliative measures instead. He’s already called for a wise action of having a modern debt jubilee that is reflective of what the policies of Social Credit are actually based on, namely a gift, in this case via the forgiveness of debt. But will he see the conceptual alignment between a jubilee and the macro-economic policies of Social Credit?

Integrate, integrate, integrate. It’s the signature of actual progress, good science, scientific breakthrough…and of Wisdom itself. There is plenty of conventional wisdom/orthodoxy in religion, science, economics, etc. But truly integrative Wisdom is unfortunately a scarce “commodity”.

Regarding Stephanie Kelton and MMT:

MMT is a “good try”, but ultimately an incomplete integration. You need a balancing institution to private central banks that DIRECTLY GIVES the individual money…because all other factors considered A + B is still the actual nature of the economy and so the wheels will fall off….unless you address the realities of scarce INDIVIDUAL incomes and inherent price inflation…with INDIVIDUALLY and SYSTEMICALLY freeing policies like a universal dividend and a general price discount to consumers. That deals with the Banks’ monopolistic powers and the enslavement of the individual to the system.

Confronting and solving the actual problems with integration, integration, integration.