Ideas drive you if they are unconscious and direct you if they are conscious.
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Paradigms are ideas that have saturated the general populace’s minds and made them think that they are “just Life” …even though they often times are not only not healthy and not ultimate reality at all but actually unexamined orthodoxies and/or a dominant power’s means of….domination.
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How and why paradigms are so powerful….They are generally accepted and habitual realities actively being self generated and self re-inforced in the minds of the general populace.
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Until economists confront and handle the effects of the monopolistic paradigm of cost accounting’s convention that “all costs must go into price”, and do the same with Finance’s monopolistic paradigm of Debt only and its equally monopolistic product of Loan only. …they will be handicapped and condemned to play only in the mindset and the structural home fields of those already exceedingly powerful monopolies. Hence effectively battling them requires the use and personal actualization of a new paradigm.
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What both Austrian and Leftist economists miss and require is an integrative concept of both theoretical truth(s) and bothness itself….like Grace as in Balance, Equilibrium and Flow embodied in the Trinitarian formula
[ (Debt X Monetary Grace the Free Gift) Econ. & Monetary Balance, Equilibrium and Flow ]
Steve Hummel 07/29/2015