Costs are not accurately assessed and factored into present economic theory, and because all costs must go into price the reasons for inflated costs is also missed and/or mis-assessed. Depreciation is one of the primary costs which are missed/mis-assessed. Depreciation allowances for businesses somewhat mitigate the problem of the additional costs of depreciation, but it does nothing for the individual who, regardless, must pay for those additional costs and neither is the macro-economy stable with such a fundamental imbalance.

The economic system itself has no mind with which to consciously handle the unbalancing realities it inherently creates. Thus general equilibrium theory is false doctrine. Thus action, gracious and yet dynamically effective and powerful action is required for economic balance and stability.

Time is actually only the experience of the present moment, and clock time is the passage of each new moment without full consciousness of each moment. An aspect of full self awareness is the experience of time as the moment. Whatever are the moment to moment problematic realities of the economic system, which is completely embedded in the moment and by itself is unable to change those realities, must be understood by policy makers and addressed and resolved by them with policies that directly fix them both as they are in the moment and also in each subsequent moment. Conscious economics is what is required.

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