Me: Immediately more than doubling everyone’s potential purchasing power with a 50% discount at the point of retail sale and a universal dividend every month from age 18 until they get planted isn’t of value to …..everyone????
Forget all of the other “knock on” benefits it also enables. No one addresses this here. It’s a complete non-confront of an exquisitely doable temporal reality accomplished with only 2 policies. What do you mean you need someone to demonstrate the value of such. I’ve been posting here for years and almost no one apparently sees the simple and undeniable reality of combining those two policies.
Inflation isn’t actually primarily about the money, but rather a scarcity system that makes it the most “rational” decision to raise your enterprise’s prices. Once one realizes that, they can begin to hunt for and craft an actually rational and more beneficial system.
Inversion is a primary signature of creative thinking and of paradigm changes, and the mental inversion above enlightening the true character and primary cause of the inflation problem is an excellent example of paradigmatic thinking….which is what is desperately needed in economics. Why? Because both wisdom and paradigmatic thinking are are integrative processes. In fact paradigms themselves are integrative “things”. It is a singular concept that defines an entire pluralistic pattern, so its both simplicity and complexity at the same time, mental perception of essence and expression of its temporal effects.
If you want to really understand you have to “up your game” from the level of theoretics to philosophy and then to the level of paradigmatic/integrative/wisdom thinking. Otherwise you’re just an accountant, a fragmented scholar or “an economic scribbler”.
KZ: Craig, my intent in presenting the quote is to demonstrate that the issues of debt are complex. Complexity is not something Americans deal with well. American economists in particular. Bruno Théret is something that’s unusual in the USA but much less so in Europe. Théret is an economist who’s also an engineer and a sociologist. He also has extensive understanding of history. If you read this article this all is combined in it. Théret makes clear that debt is originally a religious notion, then political, and finally economic. I view wisdom in the same way, historically. Look at Wisdom: a history by Trevor Crunow. Théret might have the same response to what you write as you had to the quote from his article. Please read the article here, https://www.academia.edu/5775571/The_SocioPolitical_Dimensions_of_the_Currency_Implications_for_the_Transition_to_the_Euro
I believe you’ll find it enlightening.
RL: Craig, what are costs? Usually accountants, when, for example, dealing with replacement of worn out equipment, look at their historical costs, but in times of great inflation, as in Germany during the 1920s historical costs are useless. But if one abandons historical costs, on what cost basis would a depreciated item be determined? Business economists and production engineers grappled with this problem a hundred years ago.
Me: Ken, Of course the issues of debt are complex, and most of those issues have been regurgitated here ad nauseum for the several years I’ve been posting here. THAT is the problem. Everyone but me here is caught in the weeds of complexity….AND THEY’RE NOT THINKING PARADIGMATICALLY/INTEGRATIVELY/WISELY IN ORDER TO CUT THROUGH ALL OF THAT….AND FIND THE SINGLE CONCEPT THAT DEFINES AND CREATES THE NEW PARADIGM/PATTERN. I’m not in any way against research and discovery, but neither am I for blathering on about things we all basically already believe in and that at best are only going to palliate the individual and systemic problem.
Under normal circumstances cost accounting matters. Under the circumstances of war or one of the rare occurrences of hyperinflation….it doesn’t. The point is to deal with costs, not by equilibrating them, but rather by proactively and in a paradigmatic way…..by inverting the effects (individual and systemic monetary scarcity) of those excessive costs.