Who’da thunk it. All new money is created ONLY AS DEBT, but what if 50% of that new money was created as a GIFT and distributed at the single universally participated in point in the entire economic process, namely retail sale so everyone can purchase $100 worth of goods and services…for $50, and, as the retail point of Finance is one’s monthly mortgage, automobile, insurance or other big ticket item’s monthly payment that means that a $500k house is reduced to $250k at its purchase from a home builder and then 50% of your monthly mortgage payment is gifted to the bank…so you essentially get a $500k house for the equivalent monthly payment of a $125k mortgage. Hooray! Paradigm change! And, what is the normal human reaction to receiving a gift? Why thankfullness, gratitude and even joy! Which is exactly what we need in an increasingly contentious and hostile world. Grace as in Gifting: Visualize it, advocate for it and never give up doing so until it becomes the next evolutionary step for mankind.

Steve Hummel 01/31/2026

Scientific/Reductionistic Change: The multitudinous verifications of the truthfulness of temporal universe facts

Conceptual-Paradigmatic/Systemic Change: The identification and application of the key operant concept of a particular system

Mega Paradigmatic/Multi-systemic, Universally and Continually Experienced Change: The identification and application of a concept that creates these multiple changes

New Zeitgeist-A Change In the Ethic of the Age: We have been stuck in the incomplete struggle of the zeitgiest change from the unconscious ethic of Animalistic Survival Only to Self Awareness and thus the awareness of the reality of ethics itself. This struggle has left us in the present anomalous zeitgiest of Power, Profit and Control and will begin to be resolved when we realize that the concept and reality of the natural philosophical concept of grace as in love in action, which is universally recognized as the superlative ethic,…and is the concept behind every historical paradigm change. Applying this insight will begin the change to the next zeitgiest of Redeemed/Redemptive Power, Profit and Control, and the mega-paradigm change in economics and the money system from Debt Only to Debt and Strategic Monetary Grace As In Gifting is the next giant step toward that goal.

Excellent exegesis of AI and its characteristics…and still essential lack thereof. The ultimate thing we need to keep in mind is AI will only be a useful cypher unless or until it can be made conscious ITSELF…and an essential aspect of that (consciousness itself) is self awareness that recognizes and respects the fact that others are also self aware…in other words it is not narcissistic and respects ethics which is the rational consideration of mere black/white moralism.

Also posted to Peter Diamandis’ substack:

The ultimate thing we need to keep in mind is AI will only be a useful cypher unless or until it can be made conscious ITSELF…and an essential aspect of that (consciousness itself) is self awareness that recognizes and respects the fact that others are also self aware…in other words it is not narcissistic and respects ethics which is the rational consideration of mere black/white moralism. The pursuit should be both AI and AEAC (artificial ethically aware consciousness) …and of course we need better Human as well as artificial…ethically aware consciousness.

I saw Keen’s recent video about Bancor and Ann’s article here and couldn’t agree more that a new international framework is necessary. Instead of Dollar dominance/the concept of trade in Dollars ONLY we need a unitary system itself that doesn’t allow or enable one country to dominate. Its E pluribus unum (one out of many or out of the many one non-dominating) applied to the international money system.

So again, its analyzing on the conceptual/PARADIGMATIC level…exactly like what we need on the domestic monetary system level where instead of Debt ONLY as the current monopolistic form and vehicle for the creation and distribution of all new money you break up that monopoly by strategically integrating a new paradigm of Monetary Gifting into economies with a reciprocal policy of a 50% Discount/Rebate at retail sale, thus simultaneously supercharging both individual purchasing power and demand for industry’s goods and services while also transforming chronic erosive inflation into beneficial price and asset deflation…

…and finally, if the obvious benefits above are recognized and applied internationally would make all domestic economies much more democratically beneficial, capable and stable and so contribute to a much more robust/anti-fragile and distributive environment into which we could institutionalize Bancor 2.0.

The actual question is: How can we best make all economies and their currencies more robust so as to enable an international trade currency to function best/most democratically…so we don’t just end up with another dominating nation hijacking the entire system…again.

Because retail sale is the very purpose of economics, everyone must and does participate in retail sale and it is where all goods and services move from one point in the economic process to another or exit the process altogether and become consumption.

In other words its the most important, strategic and pervasive point in all of economics, and subsidizing both agents at those points with a reciprical policy of price reduction and monetary fulfillment of that discount back to the commercial agent granting the discount to the next or final agent basically supercharges the benefits and purposes of the economy.

Thank you non-Nobel prize committee in Economics.

Better yet make the central banks of the world become the universal economic and monetary democratizing force they should be instead of the hand maiden of the private banks in “normal” times and their bail bondsman when the banks and financial speculators “innovate” everyone into Minsky moments. How? By Implementing a policy program that includes:
1) a reasonable universal dividend to everyone 18 years of age and older for life,
2) a 50% Discount/Rebate policy at both regular consumer goods retail sale and the point of financial retail sale which is one’s automobile, mortgage, insurance or other big ticket item’s monthly payment and
3) putting no nonsense teeth into known and enforceable barriers/regulations on Finance instead of allowing the them to de-stabilize economies with their periodic “innovations” read chaos. Actual freedom only exists in the human universe within known and enforceable barriers because of a little thing called ethics, and deluding oneself that this is not true puts one on a planet other than earth.

Implement the twin policies of a monthly Universal Dividend to everyone 18 years of age and older and a 50% Discount/Rebate at retail sale…in Mexico, Central and South America and every other nation in the world. Poof! End of problem and beginning of a much happier, more prosperous and undoubtedly more peaceful world.

No qualms with the stupidities of neo-classical macro. However, what if we created a continual democratic disequilibrated abundance of purchasing power/money that yet simultaneously not only ended inflation but actually created continual price and asset deflation? Like a 50% Discount/Rebate at consumer retail sale, and other strategic retail points throughout the entire economic process?

About the fact that a lot of our modern problems are the result of our culture of abstraction, distraction, chemical toxicity and hence obstruction of deep and necessary resolution.

Pre-moderns had survival challenges, but did not have a culture of continual internal/mental stimulation that actively inhibited outward lookingness, nor did they have the almost unavoidable modern problems of our toxic chemical environment and food system.

How we can best create the benefits of scientific modernity, the wonderful potential of present time focus and the integrative physical benefits of toxin cleansing: Contemplate the aspects/experiences of the natural philosophical concept of grace and find universally participated in everyday ways to elicit them. In other words create a culture and new zeitgiest/ethic of the age of Grace.

For instance we could pay people a stipend to inwardly and especially outwardly meditate/pray/consciously express, without cause other than the personal benefits of doing so, the experiences of the fruits of the aspects of grace.

We could subsidize small organic gardening and farming and also pay large scale farming and food producers to not utilize harmful chemicals in the production and processing of our foods…and prohibitively tax them if they refuse to cease and desist in forcing us to ingest the harmful chemicals in highly processed foods.

Great conversation. I think UBI is an excellent policy actually because it is a direct policy of Strategic Monetary Gifting which IMO is the new monetary paradigm…that simply needs better elucidation and further policy application to make it apparent. My book Wisdomics-Gracenomics: The New Monetary Paradigm and Its Policies is a still evolving policy program and philosophical exegesis that encompasses MMT, Keen’s critique of neo-classical macro and his accounting software and Michael Hudson’s historical analysis of Debt’s impearically destabilizing effects.

My book is actually an innovation and extension of C. H. Douglas’ Social Credit. Douglas’ awareness that money creation was basically accounting, his policies of a universal dividend and of a compensated retail discount predated MMT, UBI and my suggested key policy of a 50% Discount/Rebate at retail sale. Social Credit was a world wide movement before WW II distracted everyone and everyone basically forgot about after the war and enabled Keynesianism which was indeed insightful, but still a palliative that the banks and oligarchs were able to game and obfuscate. Meanwhile Social Credit kind of morphed into a Christian cult instead of becoming a paradigm change centered around the temporal universe policy application of the natural philosophical concept of grace which is what my book Wisdomics-Gracenomics is attempting to do.