Steve Keen correctly observes that neo-classical economics ignores money, debt and banks.

What better way to prevent the new paradigm of Direct and Reciprocal Monetary Gifting from becoming conscious in the minds of men than to insist that Debt Only as in Burden and as the sole form and vehicle for the distribution of money, and only by private banks? And also:

….are the only allowable paradigms in economics

for the most powerful factor in the economy and

the most dominant business model

and by the way which business model is post retail sale

which is currently the only actual end of the entire legitimate economic/productive process…

and hence that business model is completely exterior and parasitical to that entire process???

Science like food is necessary, intellectually delicious and occasionally wonderful…and it resides entirely within the digestive tract of Wisdom.

Science, although a trinitarian process itself of a hypothesis and the dualistic true/false comparing of data to it is nonetheless objectifying and fragmenting, and habituating oneself to only that process at best atrophies one’s awareness of their own consciousness and at worse is invalidative of same.

Wisdom on the other hand includes and integrates with the scientific method and is an integrative trinity-unity-oneness-process that results in a more wholly truthful perspective and also a more deeply considered way of acting and/or applying policy.

The bain of economic theorizing, and for that matter of human history and psychology is obsessive dualism. The third integrative/synthesizing alternative is always wisdom. So if we were to cognite on a concept that was quintessentially integrative/synthesizing wouldn’t that be a good concept to accomplish such in economics and also in human psychology?

That is what Wisdomics-Gracenomics is based on.

…now all he needs to do is cognite on the various aspects of the natural philosophical and pinnacle concept of wisdom behind it, namely grace; then consider how the digital natures of the money, pricing and accounting systems are all digital, and he’ll be able to see how the policies and regulations of Wisdomics-Gracenomics which are aligned with that concept….will synthesize the background-foreground duality he speaks of in this video…and implement the new paradigm.

Me:  The future evolution of capitalist and socialist economics lies with the thirdness greater oneness known as the profit making system of Direct and Reciprocal Monetary Distributism.

My complaint against both capitalism and socialism is that they fail the thirdness greater oneness synthesis aspect of the Hegelian dialectic. As I have posted here before I will not dispute that certain social democracies accomplish a more democratic distribution of money and are more humane than capitalist economies, but as I have also posted before when an actual resolution of the deepest problems of both capitalism and socialism and the thirdness greater oneness of a genuine paradigm change are available the palliatives of socialism and capitalism, both of which are reside squarely within the old monetary and economic paradigm, are not justifiable.

KZ: Craig, most of the homegrown American socialists I saw all around the nation in the 1950s and 1960s with whom I continue to work today would not understand your comment. Nor would they want to. For them socialism is about taking care of themselves and their neighbors. Sometimes in opposition to some unfriendly, or worse folks like banks, agribusiness, etc.

Me:  Yes, they’re “into” conflict theory instead of the thirdness greater oneness/synthesis of the dialectic they’ve glommed onto. And while I share most of their critiques of capitalism I see scant evidence that they are even progressing let alone winning the day. And the reason for that is, again, being unwilling/habitually unable to integrate truths etc. by merely and reactively fighting it. Discerning thirdness is the signature of wisdom which is more valuable and a deeper understanding than data-knowledge.

Discerning actual thirdness enables us to see through the counterfeit thirdness of the populism of Trump that we see looming up before us in America and elsewhere around the world. I suggest we act with post haste to avoid its disintegrative character.

KZ:  Craig, again they would dismiss your statement immediately as irrelevant and of little use.

Me:  Yes, I’m confident they would. And therein is their problem.

Ken, is there only ever reform and incremental change and consequently no such thing as a permanently progressive paradigm change?

KZ:  Craig, I don’t see the problem with coop. staff and members dismissing your statements. They’re alien to their world. And they see them providing no guidance for them.

The evolutionary and cultural history of humans suggests there is both reform and incremental change, as well as radical (sometimes violent) change. And, no permanently progressive change. Or, permanently regressive change.

Me:  My point is that integration of truths/realities is wisdom and its process, and the Hegelian/Marxian dialectic is an integrative process….which they would not be practicing in rejecting my integration of the truths, workabilities, applicabilities and highest ethical considerations of capitalism and socialism. In essence they would be acting in a reactionary and ideological fashion. When in doubt integrate…and keep on integrating. The integrative process is the lesson.

The problem with both finance capitalism and soviet style socialism is that economically, monetarily and politically, they are driven by the paradigms of dominating power and enforced control as opposed to a paradigm of freedom and free flowingness. An insightful and intelligently crafted program of policies based on the latter would enable an inversion of the former into the latter in rather short order….because economic, monetary and political freedom and free flowingness is in everyone’s self interest, and any laggards and/or recalcitrants would face the uphill battle of trying to re-implement mere power and control.

KZ:  Craig, looking at human history human cultures oscillate between searching for peace and good feeling, usually after the end of a war, and power/force when humans feel threatened by “outsiders.” No one suggests these are fully or even particularly explicitly controllable. If you mean by “everyone’s interest” species interest, then we’re on the same page. Otherwise we are decidedly not on the same page.

Me:  What I am saying is that knowing grace as in graciousness, that is sensitivity to both self and others, grace as in a benevolent and abundant monetary system, graceful as in a free flowing economic system and being aware of and attuned to grace as in the continually flowing, interactive, integrative reality of the temporal universe on the planet we live on and of the entire cosmos….is in everyone’s interests….and, as we are self aware, the more we align our thinking and acting with that reality the more real will be the reality of ourselves, our systems and the cosmos.

And finally, grace as in the complete integration of opposites includes….opposites and every reality in between….then grace the pinnacle concept of wisdom which is the best integration of the ideal and the practical….is not just airy-fairy philosophy-ing but the deeper integrative understanding.

And that’s why Wisdomics-Gracenomics and its aligned policies and regulations makes sense as opposed to some lesser integrative concept.

The bain of economic theorizing, and for that matter of human history and psychology is obsessive dualism. The third integrative/synthesizing alternative is always wisdom. So if we were to cognite on a concept that was quintessentially integrative/synthesizing wouldn’t that be a good concept to accomplish such in economics and also in human psychology?

That is what Wisdomics-Gracenomics is based on.

Science like food is necessary, intellectually delicious and occasionally wonderful…and it resides entirely within the digestive tract of Wisdom.

Science, although a trinitarian process itself of a hypothesis and the dualistic true/false comparing of data to it is nonetheless objectifying and fragmenting, and habituating oneself to only that process at best atrophies one’s awareness of their own consciousness and at worse is invalidative of same.

Wisdom on the other hand includes and integrates with the scientific method and is an integrative trinity-unity-oneness-process that results in a more wholly truthful perspective and also a more deeply considered way of acting and/or applying policy.

KZ:  Dave Marsay, I don’t take such words as group, culture, etc. at face value. I try to let those who use them explain their usage. That way I get something of a collage of the varies uses and connotations of these and other terms. And the changes in uses and connotations over time. Evolution and adaptation apply here just like everywhere else in human cultures. Notions of things like culture, theory, science, etc. aren’t “infected” with culture, they are culture. In our “cold, cruel” world culture is humans’ only security; little as that may be. In that context, “debate” of these notions is endless. I frankly know of no way to stop this debate or fully control it. But it might help if all humans are told that nothing humans believe and do is fixed or everlasting, or universal. Might make humans humbler and more respectful of their limited role in the universe.

Me:  What of the experience of only space, time and your self awareness? No consideration, no thinking, no unconscious attitude or emotion when someone stuck their tongue out at you when you were 5 and you’ve carried around for 30-40 years, no cultural beliefs and biases for or against, just the essential “you” and the graceful flow of the temporal universe…as it is in each moment.

We exist in the gracious interactive, integrative, largely unexperienced flow of existence on this planet where we and it have evolved over the last couple of billion years….and we’re missing it…..and the personal and scientific lessons it has to teach us.

How does this apply to economics? Well if ultimate temporal reality is a graceful flow, our economic and monetary systems that are inextricably embedded in same are yet balky, periodically disintegrative and only serve a smallish and diminishing percentage of our fellow individuals as a result of clinging to the paradigm of Debt Only that keep its (un)workable because its continual build up makes debt un-serviceable…then reflectively why ISN’T intelligently integrating the policies of grace as in monetary gifting….the answer to such problems….and a greater oneness with what simply IS???

The actual and operant cause of “monetary” inflation….isn’t money or necessarily even its amount in the economy at all. It is entirely caused by the system’s chronic and continual scarcity of actually available individual incomes to spend (which by definition is a simultaneous scarcity of available business revenue) …and no present better alternative to commercial decision makers raising their prices when they perceive more money coming into the economy that they hope to garner as more business revenue.

A 50% discount/rebate policy at the point of final retail sale entirely rectifies both scarcities by doubling individual potential purchasing power and hence potential business revenue. Also, for those unconscious of the digital nature of the money, pricing and accounting system’s and thus the significance of a digital policy like the discount/rebate at retail sale, it simultaneously integrates price deflation painlessly and beneficially into profit making systems.

Paradigm changes are characterized by the inversion and transformation of problematic dualities/problems like the inversion of the positions of the earth and the sun and the transformation of cosmological thinking from terra-centric to helio-centric…or the inversion of the reality of monetary scarcity to abundance and the transformation of the systemic condition from inflationary to deflationary.

All of the supposed relevance of reserves/reserve ratios etc. etc. are rendered entirely irrelevant when you take good, rational and ethical control of the economy with the dual policies of a universal dividend, a point of final retail sale with a large percentage discount/rebate policy and also create a national bank/central bank that has sole control over money creation.Why?

Monetary gifts are their own reserves/would incredibly stabilize the system because the additional money would democratically lessen the possibility of default

A $1000/mo dividend coupled with a 50% discount/rebate doubles everyone’s purchasing power for non-borrowing everyday consumer products and ends poverty immediately

The 50% discount/rebate policy forever ends inflation as retail sale is the terminal expression point for all forms of inflation, garden variety inflation is restricted by competition and could be further controlled by sane regulation and taxation and being a smallish single digit percentage at most is still negated by the 50% discount

Hyperinflations do not occur without a compliant central bank that leverages up/funds speculators to short the currency and with a national bank and central bank disallowing such it is not a problem. Read the 21st chapter of Stephen Zarlenga’s book The Lost Science of Money for a good historical account of the Weimar Republic’s hyperinflation.

With the National Bank’s employees being directly funded by the government and it charging no interest, monthly repayment and amortized costs for financing would be tremendously reduced and in fact for big ticket items like autos and homes finance could serve as a new legitimate end of the economic/productive process with the 50% discount at that point. (there being no need to borrow for everyday consumer goods with employment, the dividend and discount incomes) Thus the discount applied at the point of creation of any note would tremendously reduce/reverse overall private debt build up which is the actual macro-economic problem correctly (re)-discovered by Steve Keen.

Debt at 0% is fine and still necessary for new enterprise funding etc. and will still be a part of the system. Its monopolistically enforced paradigm of Debt Only not so. Monetary Gifting will end its monopoly, replace its primacy, make a truly money consumer economy possible and enable financability for ecologically sane policies, research and innovation.

Economists, including such luminaries as Steve Keen, Michael Hudson and the various advocates of MMT, do not look at the mutually digital natures of double entry bookkeeping and the money and pricing systems and so do not comprehend the monetary and economic policy and timing significances to be derived from those utterly integrated commercial infrastructure and empirical tools. They also apparently do not have a good grasp of the signatures of paradigm changes all of which the policies to be derived from the above significances accomplish.

New paradigms integratively account for and resolve lingering problems in the old/current paradigm. They do this by cutting through all of the complexities with a single new concept that simultaneously fits within all of the legitimate structures present and yet transforms and creates an entirely new pattern.

While well considered research on lower levels than paradigm changes is well and good, committing at least equal consideration to exploring and comprehending new paradigms would seem to be more fruitful because of their integratively deductive and inductive nature and the sweepingly rapid and permanent changes they effect.

In essence paradigm perception/cognition makes the process of crafting policies a fast and straightforward rational and logical process, while the inductive process by itself can be laborious, fraught with doubt to the point of apathy or over reach and so can make effective change an unnecessarily long process.

Paradigm Perception is the supreme integrative art of understanding both essence and temporal complexity which is also a definition of what has traditionally been called wisdom. In this sense it is also the integration of the oppositional modes of deductive and inductive thought. In the peculiar and particular case of the new monetary and economic paradigm it (Gifting) is also an aspect of  the natural philosophical understanding of wisdom’s pinnacle concept, i.e. grace, which also happens to be the core concept behind every paradigm change as well as the basic state of the entire cosmos.

In other words the concept and experience of grace (or whatever other name it is given by the world’s major wisdom traditions) is not only the concept behind every permanently progressive change in human history (a paradigm change) it is also a TOE (theory of everything) both temporally-empirically and philosophically-metaphysically.