Also posted to Real World Economic Review Blog here:
Macro policy is only incomplete and/or invalid if it assumes general equilibrium. When disequilibrium is realized, macro policy is freed to craft policies that that will mathematically enable and maintain virtual equilibrium. Then, if one finds a valid economic and monetary concept which embraces and integrates both stasis as in balance and equilibrium…and flow…like grace as in the free monetary gift…you will have a new (consumer) financial paradigm to balance the monopolistic paradigm of Debt and Loan only.
Addendum: As the policy effects of the concept of monetary grace/Gifting align perfectly with two other aspects of the concept of Grace itself, namely interpenetrativeness of space and continuousness through time it is therefore the precise and most applicable concept for economic and monetary policy…in the spacio-temporal universe…and finally actually the best and most ethically individual and systemic one as well….because another two aspects of Wisdom/Grace is Bothness/Duality and Bothness/Inwardness and Outwardness.
Social Credit/Wisdomics/Gracenomics/ Gracientialism 