….money itself isn’t going to make you either unhappy or happy. Happiness is ENTIRELY YOUR SEPARATE RESPONSIBILITY.

All you have to ask yourself is: Would I rather have a secure level of income and the time to work on being a good and happy individual, or would I rather be continually stressed largely because I didn’t have that secure level of income…and still have to make myself a good and happy individual?

There are a lot of unhappy wealthy people and way too many unhappy unwealthy people. So don’t be stupid and not make your self happy…..and whatever you do don’t fall for the self interested nonsense of finance that money will make you unhappy.

Instead be wise, embrace guaranteed relative wealth with Wisdomics-Gracenomics that will enable you to fill your expanded leisure time with positive and constructive purposes….which is the key to both personal virtue and personal happiness.

The new national bank will have a jaundiced eye toward over production and mal-investment and will approve only such loans that attempt to prevent such waste. Economics is economics, and if an enterprise wants to utilize more funds they can always go to a well regulated private financial institution and borrow already created savings and profits at the best interest rate they can get.

The idea of a public national and central banking system is a good and correct “upping of the game”.

However, the flimsy liberal orthodoxy that inflation will not occur if we just don’t inject too much money into the economy is the same flaw advocates of social credit fell into after the death of C. H. Douglas, namely that the economy tends toward equilibrium and all we have to do is “fill the gap” which leaves the stench of Dynamic Stochastic General Equilibrium still hanging around it. No insult intended, even Steve Keen whose debunking of DSGE unconsciously still clings to a patina of the same mistaken concept.

It ignores that modern technologically advanced economies are INHERENTLY cost inflationary and even more importantly that the way to achieve the end of flawed orthdoxy and the inversion of temporal realities associated with paradigm change is to discover a way to create beneficial price deflation is to continuously fill the gap to abundant monetary over flowing and hence continuous economic free flowingness.

And that is achieved by integrating the universal dividend, the high percentage (50%) discount/rebate policy at the point of retail sale and the other regulations of Wisdomics-Gracenomics. The two policies construct the better alternative to the actual deepest cause of inflation which is commercial agents in an austere monetary system DECIDING to inflate prices when they perceive more money coming into the system in order to hopefully garner more business revenue. The volume of money is actually a seconday factor of inflation and as the point of retail sale is the terminal ending point of the entire economic process AND ALSO the terminal expression point for all forms of inflation the high percentage discount/rebate, again, beneficially integrates price deflation into profit making systems.

We have to drive a stake through the heart of private finance and its monopolistic paradigm of Debt/Cost/Burden Only with the extreme prejuidice of the new paradigm of Abundant Direct and Reciprocal Monetary Gifting….or it will rise from the dead and undo any and all lesser palliative reforms.

Also, another reason why we haven’t had much inflation is because we still have lingering mountain ranges of personal and private corporate debt consuming incomes as you do point out in the article. Once that debt is eliminated by a jubilee and/or other policies inflation will re-occur and give regressive forces what they believe to be an excuse for critiquing monetary abundance. Again, all the more reason to implement the paradigm changing better alternative.

Realizing the economic, monetary and inflation busting significance of the discount/rebate policy at retail sale is the invention of the telescope and the discovery of the ellipse of economic theory.

The Chinese use an equally elitist yet more pragmatic form of finance capitalism. As you noted almost all banks are government run. And when an enterprise does not produce profitability for the financial elite the Chinese simply write it off.

The FED has no idea what it is doing because it is still operating on debunked neo-liberalism. It’s good that you deleted any reference to Trump as he is the poster boy for all that is wrong with the money and financial systems (almost certainly money laundering of kleptocrat and slavery money and resulting compromat, bail outs by the same and abuse of bankruptcy. He’s intimately aware of the felonious form of gifting that’s true, but if anyone wants to think he’d buck his masters to do it the right way there’s a Florida mansion worth $25 million during the height of the GFC that I’ll sell to you for $95 million.

Definition: love in action/expression/policy,

Aspects: joy, humor, release, entusiasm, friendliness, love, beauty, Goodness-the Good,  meaning and purpose, knowingness-consciousness itself, an integrated duality within an integrative trinity-unity-oneness-process, the pinnacle concept and experience of wisdom, integration of truths only which is the very process and means of garnering wisdom itself, the integration of opposites, giving-gifting, simultaneity, bothness and bothness-andness, freedom, letting go-ness-non-graspingness, non-orthodoxy, flow-freeflowingness, dynamic balance, equilibrium and flow, the rational consideration of morals and ethicalness itself, an exact and actual solution to an actual problem, dynamic reciprocality-exchange, sovereignty-power plus ethics, space, time and self awareness, directness, nowness, newness,  interpenetrativeness, Encompassment-Concentric-ism, Interpentrative-ness-Conentric-ism, pervasion, wholeness, completeness, unmistakable and permanent progress,

The concept and experience of grace as in graciousness is the only concept that is in both your self interest….and everyone else’s. And that’s because its aspects are all about freedom and love.

Steve Hummel 12/26/2018

First, stock and commodity exchanges are economic corporations. Second, because the world is not an entirely rational or ethical place every theory and even paradigm changes require additional regulation beyond their theory and policy effects. Third, all it will take to undo any irrational and unethical attempts to de-stabilize the new paradigm is for entreprenuers that recognize the more rational and ethical benefits of the policies of the new paradigm to create new stock and commodity exchanges and so put their less rational and ethical competitors…..out of business.

Number #1:  Doubling purchasing power and business revenue does not necessarily equate with doubling economic through put.

Number #2:  Resolving the insanity of the idea that all or any ecological research and technological innovation is “too expensive” with the new financial paradigm of Monetary Gifting enables the planetary financing necessary to accomplish the ecological sanity everyone agrees is necessary.

Rand Paul’s mind is captured by Ayn Rand’s twisted uber capitalism and libertarianism’s false demon and irrational generalization that government is always and entirely the problem, when the real problem is the monopoly financial paradigm of Debt Only and the way it enforces domination of the general populace and drives empires into war in order to attempt (and yet still fail) to monetarily stabilize their domestic economies.

JJ:  Of course, economics has “been captured by a small AND dangerous sect,” considering that money and how it works does not even come into play in orthodox economics. How the people have been hoodwinked by a few economists and the people will pay for it in the end.

Me:  Actually, the heterodox aren’t quite liberated yet either.

This is also why the heterodox must abandon the effort to convert orthodox academics, integrate with the new paradigm and take their message directly to the individual. Politics is simultaneously the strongest and weakest link in finance capitalism’s mental and structural armor, and directness of experience and systemic policy effect are aspects of the natural philosophical concept of grace.

“You never change things by fighting the existing reality.
To change something, build a new model that makes the existing model obsolete.”

R. Buckminster Fuller

E:  I agree about the dangerous sect, but it is anything but small. In my view the orthodoxy is the emperor’s clothes. The dominant institution, now all but governing us, is the predatory (now more and more financialized and global) corporation. The orthodoxy deliberately and strategically ignores this institution and has done so for a century and a half. It provides a convenient theoretical cover for doing so.

These are two courses that directly threaten the orthodoxy and corporate rule: The History of Economic Thought (which might, heaven forbid, expose tender student minds to the penetrating thoughts of Karl Marx and Henry George and such radical ideas as jubilee and debt forgiveness) and Ecological Economics (which, among other things, presents the planet as other than an exploitable resource, and is truly pro-life). In my cursory review of the top economics departments in the USA (including the one in which I was trained, when “History” was required), none offered by name either course.

We need a plain-language heterodoxy that includes the History of Economic Thought, Ecological Economics, and People Economics and we need to offer it early, at 5th-grade Civics level, high school Social Studies, and Community College/Freshman levels to help change the thinking of the future. We need to do this urgently, as it takes time to penetrate.

Me:  Yes, in other words it is the entire web/pattern/paradigm that is the real problem. A new paradigm. like death, is “a thief in the night” for orthodoxies old and new.

Theorizing is at least two mental integrations below paradigm perception. The ascendingly the scale is:

Paradigm Perception

Philosophy

Theorizing

Data Gathering