The Hummel/New Powell Memo: Grace The Paradigmatic, Philosophical, Monetary and Necessary Balancing Idea, and Its Power To Economically Encompass, Interpenetrate, Redeem and Transform

The Powell Memo was an essay written by former Supreme Court Justice Powell before he actually became a Justice which asserted that what business interests needed was a grass roots movement to get their agenda passed in Congress. The memo became famous as the catalyst for the accomplishment of that agenda.

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Debt is a powerful force and an equally powerful paradigm. Debt is burden and, within an actually free and stable monetary and economic equilibrium, a responsibility to re-pay as well. Without the latter however, it is enforced austerity and enslavement.

If the economy/the commercial and productive system itself is inherently and continually in a state of excess costs/prices in ratio to actually available individual incomes, the fact of which is decipherable by examining the various datums in the cost accounting books of any enterprise and then doing the calculus of that ubiquitous and continuous flow and reality,…yet allows only for the idea/paradigm of Debt, then the paradigm of Monetary Grace/Gifting…is economically necessary and in fact the only paradigm of equal force and power to balance Debt and all other costs…and thus to balance and equilibrate the system as well.

The additional powers that the paradigm of Grace has, over and above the powers of Debt, are its powers to encompass, interpenetrate, redeem and transform. No necessary religious statement is this, simply a linguistic and with some contemplation a psychological statement of reality. Better the economically balancing, all encompassing, systemic interpenetration, redemption and transformation of a new consumer financial paradigm of Grace the free monetary gift in addition tothe commercial paradigm of Debt, and consequently individual economic freedom on earth, than servitude to an unworkable paradigm of Debt only in an economic system disequilibrated by a moment to moment, i.e. continual scarcity of actually available total individual incomes with which we must but are unable to moment to moment/continually liquidate  total consumer prices.

Thus the promulgation of this new paradigm of monetary Grace/Gifting in the forms of a universal Dividend and a rebated retail Discount needs to begin. Critique of the present system is a part of this, but even more so is the presentation of the Confidence and Hope evoking “good news” of the new paradigm. Playing on the home field of the old paradigm in some respects reinforces that very paradigm that must be countered/balanced and transformed.

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