Posted To Mish Shedlock’s Blog 03/31/2016

If we would implement a discount to retail prices that created price deflation and then rebated the totality of an enterprise’s discounts back to them so that they were not harmed in any way….that would integrate Austrian deflationary policy into the system would it not? Monetary Grace as in reciprocal free gifting creates a steady and stabilizing flow of money to compensate for the costs of depreciation and for the disruptive loss of macro-economic aggregate incomes due to innovation and AI. Wisdomics/Gracenomics integrates Austrian theory seamlessly and painlessly into the money system and economy. You heard it here first.

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Ever rising costs due to depreciation that are not balanced by an additional supply of individual income…..will inevitably roll down hill and wreak havoc. Oh well, just implement a universal dividend to everyone 18 and over and a deflationary discount to retail prices and….stability and prosperity breaks out all over the place. Why allow the idiocy of socialism or the unnecessary pain of Austrian economics to be foisted on us? Just implement Wisdomics/Gracenomics instead and everyone is free and the system is free flowing.

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