It fits the integrative requirements that define a genuine paradigm, that is, the concept behind it is a single concept that fits seamlessly within the body of knowledge/area of human endeavor it applies to, is conceptually oppositional to the present paradigm, its implementation is such a thorough integration of the truths, workabilities, applicabiliites and highest ethical considerations of the opposing concepts that it results in a thirdness greater oneness/transformation of the conceptual opposition.

In the case of the new monetary and economic paradigm the opposing concepts are Debt as in burden/enslavement and Monetary Gifting as in freeness/freedom, and the means of its thorough integration is the utterly integrated digital infrastructure of the entirety of commerce also known as double entry bookkeeping.

The problem lies with orthodox exclusionary science NOT natural philosophy/wisdom/spirituality….natural philosophy/wisdom/spirituality (NPWS) being the human experiences behind the signposts of religious beliefs.

Science is a trinity-fragmenting-exclusionary process of hypothesis and the dualistic determination of empirical truth or falsity only.

NPWS is a trinity-unity-oneness process including the thorough (and indeed scientific) integration of both empirical data and the existential reality of human consciousness which can result in the inclusive thirdness greater oneness of the pinnacle TEMPORALLY APPLICABLE concept and personal experience known as grace, satori-kensho, samadhi, etc.

First of all government debt is smallish in comparison to total private debt which is where the real problem lies because even though it has fallen from like 180% of GDP at the height of the crisis to somewhere north of I believe 130% now which means that as the rate of change of credit goes up (as it must or recession will occur) there is less and less “wiggle room” for debt to build back up to a crisis point. The system as it is IS financially unstable AND still sitting on mountains of debt. We must borrow continuously to avoid recession and yet continuous debt build up to the point of un-servicability will result in recession or worse….so we’re “stuck between a rock and a hard place” as the saying goes. Throw in no realistic or stabilizing financial regulations and the disruptive force of AI on aggregate demand/individual incomes….and it’s astonishing to me that we’re here parsing economic theories and obsessing over its minutiae instead of taking proactive, ney, paradigmatic actions.

Even Steve Keen whose unconscious re-discovery of the economy’s cost inflationary nature (the unstable state described above where financial costs continually build up) calls only for “a modern debt jubilee” which is a one-off static palliation of the problem and has been practiced by elites repeatedly over the 5000 year old course of the current paradigm of Debt Only for the form and vehicle for the creation and distribution of money. This palliative static policy stance is curious to me seeings how Keen is (correctly) adamant to de-bunk DSGE.

No, we require a dynamically ongoing, direct, integrated, effective and paradigm changing set of policies that inverts the problematic cost inflationary nature of modern economies and so effects an actual solution to its deepest problems.

That paradigm is Direct and Reciprocal Monetary Gifting.

Wisdom is the integrative process itself. Paradigms are integrative concepts. Integrative in that they fit seamlessly within a body of knowledge/area of human endeavor while simultaneously transforming it with the integration of both deductive and inductive thinking.  Paradighmatic/wisdom thinking is essence and temporal pattern recognition at the same time. It’s depth and width and particularity of knowledge, and the discernment that is derived from each.

Develope the art and science of wisdom/Paradigm Perception and you become the one eyed man in the land of the blind.

Steve Hummel 09/27/2018

Insights From a New Tool Discovery/Re-discovery of Insights Derived From an Old Tool and/or Combined Insights From Both

One of the signatures of a paradigm change is the discovery of a new tool or the re-discovery of insights from an old tool.

With the new monetary and economic paradigm it is both….and both combined. The insights to be found in double entry bookkeeping is the re-discovered tool and the dynamic, interactive, abundant and integrative flowing reality of the temporal universe described by both the world’s wisdom traditions and quantum physics is the combined old and new discovery.

Conceptual Opposition/Apparent Illogicality

Extreme Polarization of Opinion/Theoretical Perspective In Area of Paradigm Change, and If The Current Paradigm Has Lingered Very Long The Same In Related and Even Seemingly Unrelated Fields/Systems/Bodies of Knowledge

Inversion/Transformation of a Problematic Duality of the Old/Current P aradigm

Increase in Abundance/Knowledge and Improved Human Survivability

End of the Dominance of the Dominant Structural Entity Within The Old Paradigm

Establishment of the Primacy of the New Paradigm

Permanence of Change/Improvement

If The Old Paradigm Has Gone On For A Long Time and/or Become a Thoroughly Integrated Aspect of Life the New Paradigm Will Concommitantly Have Wide Systemic and Interdisciplinary Effects

Wisdom is integrating truths not denying, excluding or enforcing them….even if they are merely the particle of truth in orthodoxies, and its pinnacle natural philosophical concept is the graceful unitary mental flowing of same. Anthropology resides within the mindset of wisdom, not the other way around. Paradigm changes establish new models via both deductive and inductive thinking because the definition of a paradigm is both of a general and specific nature.

Steve Hummel 09/25/2018

C:  “Jobs” or their obvious analogs considered from the creditary/MMT perspective are as old as humanity; they are logically equivalent to cooperation and the division of labor. They exist in all cultural arrangements. And jobs certainly existed in the US before 1850. What is more novel is the degree of monetization of the economy and the formalization of labor into jobs. This leads to unemployment because of insanely stupid ideas which I touched on above. But this formalization, rigidification is a secondary matter, which does not touch on the basics like the insanity of not having a job guarantee.

Moderns believe that forcing some people to not do stuff = unemployment will magically make unicorns and leprechauns provide greater bounty than if all the humans who wanted to work. were allowed to work. People before the modern age rightly considered such ideas insane.

The rethinking-urgers are the ones who should rethink and study some more history and anthropology. For instance, a job guarantee is nothing but an expression of the universal idea in gift economies of the necessity of accepting a gift, or else giving a truly grievous insult.

Me:  “…….this formalization, rigidification is a secondary matter, which does not touch on the basics like the insanity of not having a job guarantee.

As I have posted here before a job guarantee would fit seamlessly within a wise and monetarily gifting economy. Certain MMTers who militate against a universal dividend are the ones being orthodox, still thoroughly inside the paradigm of Debt Only as the form and vehicle for the creation and distribution of money and hence obstruct the paradigm changing inversion of modern economies from individually income scarce to abundant…in ratio to total costs and so prices simultaneously produced as a flow.

“Moderns believe that forcing some people to not do stuff = unemployment will magically make unicorns and leprechauns provide greater bounty than if all the humans who wanted to work. were allowed to work. People before the modern age rightly considered such ideas insane.”

People before the modern age cannot not be blamed for not foreseeing the productive and leisurely potentials of high technology and the disruptive force of AI, and modern economists and pundits should ask themselves whether they want to live under the so called Mosaic curse forever and ever amen, even if these same forces would enable them to not only have the purposeful activities of employment, but also the by far larger set of self chosen purposeful activities available within an actual civilization of leisure.

“The rethinking-urgers are the ones who should rethink and study some more history and anthropology. For instance, a job guarantee is nothing but an expression of the universal idea in gift economies of the necessity of accepting a gift, or else giving a truly grievous insult.”

The use of the word “necessity” is the give away that such societies were propitiatory and authoritarian and so not freely gifting at all. While it is true that refusing an ACTUAL gift is by definition ungracious (in a propitiatory and authoritarian society it might actually be an expression of courage and moral and ethical strength) ….ACTUAL is the operative reality.

Implementing the dual policies of the new paradigm of Direct and Reciprocal Monetary Gifting (a universal dividend and a high percentage discount/rebate at the point of retail sale) would enable national economies to rapidly re-industrialize in the most efficiently productive and ecologically sane fashion possible thus also being able to resolve and withdraw from the negative aspects of the globalist trade agenda…because we would not have to worry about either inflation or unemployment while doing so. Of course there would actually be more employment and investment with these two policies than if they were not implemented because there would be so much more demand with them and so much less if they were not. It’s apparently too simple for the intellectual vanities of the erudite to countenance when they see how the two policies directly, reciprocally and seamlessly would be administered, complexity being all the rage. Didn’t we hear objections from the Church when Luther said mankind could have a direct and reciprocal relationship with God during the Reformation? Ah, the signatures of paradigm changes. Now that would be a very good study for modern economists and economic pundits to investigate.

Of course there are many other beneficial and resolving effects from the new paradigm in virtually all of the normal activities and aspects of the economy…because that is what a paradigm does,…..but that could be next week’s assignment. Best to study and understand at least the signs of what everyone agrees we actually need, first.

“Fourth Turnings” are unfortunately the all too well established historical failures of civilizations to find and systemically apply the process of wisdom which results in a thirdness greater oneness when that process of the thorough integration of the truths in opposing perspectives is discerned and acted upon.

Every paradigm change in human history is an example of such wisdom/integration, and has specific signatures most or all of which are present in those paradigm changes.

However, believing in the value and efficacy of “Fourth Turnings” as the likes of Donald Trump and Steve Bannon do is the folly of confusing chaos with the individual and systemic rejuvenation and genuine progress that wisdom/integrations/re-integrations are marked by.

If we do not recognize the importance and necessity of wisdom, its process and its positive effects and act with it we are complicit in the inevitable continuing disintegration that we see going on all around us now….and is indeed a sign that such has already been going on for some time.