A very possible if not inevitable future. However, Monetary Gifting is probably still the ultimate first step toward a solution…because money is the tool for action and because Monetary Gifting is an aspect of grace as in loving/humane action…which fits in with your Part 3 hypothesis, no?

What I think it comes down to eventually/soon is the necessity of off planeting energy production, the greater part of production itself and finding the technology of eliciting zero-point energy and anti-gravitic propulsion in order to do so. And thats why the new monetary paradigm policy of a sliding scale percentage requirement of Gifted purchasing power be “taxed” into 5-6% guaranteed Eco-Energy R & D Bonds, is prescient.

The Cosmic Code: The integration of a duality to the point of a thirdness greater oneness

Intellectual Process: (1) Reductive Science/Analysis of Problems/Dualities (2) Wisdom/Integration of Opposites/Dualities (3) Geshtalt/Wholeness/Thirdness Greater Oneness or as I like to say: “Science is wonderful, necessary and delicious…and it exists entirely within the digestive tract of Wisdom.”

Cosmic: Particles popping into (1) and out of (2) existence and (3) the continual flux/process thereof

Capitalism (1) Socialism (2) and Wisdomics-Gracenomics (3)

Electric: positive and negative charge and alternating current

Classic: Hegel’s Thesis, Atithesis and Synthesis

Chemical synthesis

Father, Son and Holy Ghost/Body, Mind and Spirit

Accounting: Equal debits and crdits that sum to zero

Synonymous Nature of Paradigm Changes and Wisdom Insights in that they are both Deep Resolving Simplicities/Resolutions of Complexities/Seeming Unresolvable Opposites/Dualities

(3)Ethics: The rational consideration of gross morals/opposites of right or wrong only (1 & 2)

Quadrinity is continuous Trinity/The Trinitarian Wisdom Mindset

As Quandrinity is The Continuous Intellectual Wisdom State of Insight, Process and Continuousness Itself, is it A Lost/Undiscovered Definition and Even Reality of Cosmic Infinity…of which we as sentient beings are a part?

Yes, give everyone and every commercial agent an account at the central bank. But this STILL misses the core of the core problem which is the present monopoly paradigm for the creation and distribution of all new money which is the concept of DEBT ONLY.

Break up that monopoly concept/temporal universe reality with strategic MONETARY GIFTING at the most beneficial, efficacious and problem resolving points in the economic process like at retail sale and the retail point of Finance, namely one’s automobile, mortgage, insurance or other big ticket item monthly payment with a 50% Discount/Rebate policy and other policies I’ve posted here before that you can see here: https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies/dp/B08X7MZ4KH/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr

Wow, thats a powerhouse presentation! If I may I would offer a couple of observations within it.
1) Many of the lists within it are 3 as in trinitarian/integrations of seeming opposites or of relevant observations
2) Wisdom has always been associated with “the third resolving way”
3) Trinity is a state of Both/Andness
4) Perhaps there is a level above trinity being quadrinity as in the cultivation of a continuous flow of the trinitarian experience.
5) The beneficial effects of every historical paradigm change have always been an aspect or aspects of the natural philosophical concept of grace as in a new integrative/unitary flow, a continuous flow, of a greater coherent understanding and its temporal universe applied realities. And perhaps grace as in a continual state of samadhi, nirvana, moksha.

Cynicism, despite being apparently a mature perspective on matters is probably the second worst intellectual disease of modernity. Why? Because its stops action before it even can begin which encourages apathy which is complete mental and physical surrender.

Deficits funded by treasuries are simply a way of making the world safe (kinda) for the private banks and the oligarchs, and of course re-inforces the wielding of their de-stabilizing monopoly paradigm for the creation and distribution of all new money which is Debt Only. If instead our existing public bank, the FED, simply funded the Treasury’s deficit without bonds and also the policies of

1) a 50+% Discount/Rebate at retail sale which would create beneficial price and asset deflation and

2) a reasonable monthly universal dividend then the money system and economy would be tremendously democratized, stabilized and synergized as much money in the hands of the individual accompanied by price deflation is the very definition of “good economic times”. Then,

3) allow commercial agents to increase their prices at a rate of 3% per annum while making the retail discount at least 53% and

4) also index the discount percentage to an accurate assessment of monthly actual inflation and

5) tax any commercial agent’s revenue garnered from inflation above 3% per annum at a rate of at least 100%, and finally

6) require that a sliding scale percent of gifted money/purchasing power be invested in Eco-Energy R & D bonds at a rate of 5-6% which would mitigate consumption while creating a gift of investment as its funded out of a gift of purchasing power created by the retail discount policy.

Strategic Gifting: The new monetary paradigm.

So here’s the process of the 50% Discount/Rebate at retail sale: Every retail enterprise gets an account with the central bank so when they agree to reduce the price of virtually every one of their goods and services by 50% the central bank can rebate the entirety of their retail sales discounts back to them making them whole on their entire price. Voila! Beneficial price and asset deflation so if you make $50k you can now potentially purchase $100k of goods and services. Then, you make the retail discount permanently 53% and allow enterprise to raise their prices 3% per annum and tax any further increases in prices at a rate of at least 100%. You also index the retail discount to an accurate and honest monthly rate of inflation including for food and petroleum so if the monthly rate of inflation is 5% the retail discount is 55%. Then, you implement say a $1000/mo. universal dividend to everyone 18 and older and have every adult register for an account at the central bank. That way with the 50% Discount/Rebate policy every adult has $24k/yr. of purchasing power for life…and you can eliminate the payroll taxes for welfare and unemployment insurance. Finally, as the retail point of Finance is one’s auto, insurance, mortgage or other big ticket item monthly payment you enable either the bank or the central bank to create 50% of those monthly payments including half of the escrow payments so you buy a $500k house at retail sale for $250k and if your monthly mortgage payment is say $2000…you only have to pay $1000/mo. And the kicker is the banks actually make more profit…because with the above policies virtually EVERYONE is creditable.

Visionary. Its the opposite narrative but not the opposite point of E. M. Forster’s The Machine Stops. Personal chosen purpose replaces the monopoly economic paradigm of Employment ONLY. And as every paradigm change’s beneficial aspects have always been an aspect or aspects of the natural philosophical concept of grace like unity as in the enlightened transformation of the inward deadness of inward mental abstraction ONLY to coming focusedly but effortlessly into an integration with whatever is in the present moment including abstraction, thirdness/resolution instead of obsessive duality/opposition which puts blinders on merely scientific/systemic analysis and left unresolved has inevitably resulted in conflict, etc. etc. etc.

And yes, because EVERYONE must participate in the economy to survive, a Wisdomics-Gracenomics/Dividend economy guaranteeing relative abundance is freeing as opposed to abundance for the sake of abundance, read greed…is probably a first essential step in such a change in paradigm and zeitgiest.

Lots of good insights and policy recommendations there, but it still lacks the insight that the deepest problem of economics is the present human civilization-long monopoly paradigm/ applied concept for the creation and distribution of all new money which is Debt Only and which is wielded by Private Finance.

Ask yourself this: What is a job guarantee? Its a form of Monetary Gifting. What is a UBI? Monetary Gifting. What is interest on treasury bonds? Monetary Gifting, albeit a very undemocratic form of Monetary Gifting…like a 50% Discount/Rebate policy at retail sale would be because EVERYONE participates in and/or is effected by the price at retail sale so its a direct, continuous and universal form of Monetary Gifting.

Finally, do even a cursury conceptual/philosophical analysis of the beneficial effects of historical paradigm changes and you will be delighted to discover that they have always been an aspect or aspects of the natural philosophical concept of grace…like GIFTING for instance.

This is why the MMT community needs to consciously FURTHER align itself with and level up to the need for a Wisdomics-Gracenomics. https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies/dp/B08X7MZ4KH/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr

Me in response to a gas lighter on this thread: I admit I’m a troll for the deeper level of analysis of looking at the concepts that create systemic realities rather than merely analyzing systemic problems themselves without looking for the paradigm concepts as well. All I want is for MMTers to integrate their reductionistic systemic analysis with the holistic level of paradigmatic analysis. And I bend over backward to emphasize my agreements with MMT’s policies that align with what I see as the core concept…as you can see in my original post. So I’m puzzled by no response from Stephanie and negative responses from others, especially because you would think progressive thinkers would be open to such inclusiveness being the effect of orthodox exclusion themselves.

DB: Steve, I appreciate that you may not understand that if you string together a sentence such as, “ integrate their reductionistic systemic analysis with the holistic level of paradigmatic analysis.” It is going to make some people physically ill and that is not a very nice thing to do to people.

Me: Thats what a dictionary is for, plus I think your estimate of the vocabulary of most people here is too low. And if I had said: We need to do what happens with all paradigm changes which is to solve problems by changing a single applied concept…I’m sure you would say: “Oh, thats entirely too simple.”

DB: No, stringing that sentence together is also just as ridiculous. I think you’re completely misunderstand. It’s not that you speak at a high level. It’s more that you sound that you never got out of the seventh grade and are performing as what you think an intellectual should sound like.

It’s comical Steve.

Me: Problems are complicated, but their solutions, after thorough analysis generally boil down to the discovery of a single key factor. Its paradoxical and its called a wisdom insight. If you don’t like how I express myself, then just do the simple algebra and double entry bookkeeping in the policies I suggest…like a good MMTer, and discover how they fix inflation, chronic austerity of individual demand, financial instability etc. etc. Its so much fun exposing irrelevant critiques and seeing solutions to problems.

A very timely post. What we need is a Wisdomics-Gracenomics because wisdom has always been associated with “the third resolving way” and because with an even cursury analysis of historical paradigm changes it becomes apparent that the beneficial effects of same have always been an aspect or aspects of the natural philosophical concept of grace. https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies/dp/B08X7MZ4KH/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr