Of Paradigm Changes

A new paradigm is a new way of thinking and doing. It is thus usually difficult to envision and trust…especially while one mentally resides within the old paradigm. Furthermore, a new paradigm often looks to be an absurdity, unrealistic, inapplicable and even unworthy of consideration in terms of and from the viewpoint of the present paradigm.  An example is the change from the paradigm of hunter-gatherer, where everyone knew that in order to get food they had to be nomadic and….go to where the food actually was, to the new paradigm of agriculture where you stayed in one place and grew and tended the food. I’m sure there were hunter-gathers who looked at  farmers and herders as crazy…right up to the point where they (the hunter-gatherers) were in desperate need of food…and the farmers and herders had piles and piles of grains stored up and huge numbers of animals deliciously milling around just waiting for a hunter-gather’s arrow to feed his family/tribe. Result…either a hung hunter-gatherer or a new paradigm convert.

Just apply the lesson to the current paradigms of Debt/Loans/Production ONLY….and see if monetary grace the direct to the individual, free and costless/non-price increasing, actually price deflationary gift for consumption ….doesn’t fit the analogy above, the requirements of the new economic and monetary paradigm itself and the viewpoints and attitudes of the orthodox on all sides.

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