Tech will be an increasing factor in all systems particularly the economy in the future, and tech like every other factor will be “a two edged sword” until we begin to fully cognite on wisdom as being the process of integrating and resolving opposites, as paradigm change being the temporal universe expression of that wisdom and the natural philosophical concept of grace as the concept behind every historical paradigm change.

Although we should be aware of deception and distraction from solutions as Norbert explains the system and its policies need a paradigm change not the a change in the debt based nature of money or ways that hide or obscure the current paradigm of Debt Only and make its final coalescence more likely with cashlessness….without the security of having a universal dividend to back such an idea up.

Paradigm perception avoids piecemeal and incomplete analysis. For instance it is obvious with a look at Steve Keen’s advocacy of “a modern debt jubilee” that it is merely a one-off static reflection of the actual new paradigm of Monetary Gifting and its policies of an ongoing universal dividend paired with a high percentage discount/rebate at every point of sale throughout the entirety of the legitimate economic/productive process. Being a critic of stochastic equilibrium he should be more careful about advocating only a non-dynamically interactive stochastic remedy.

Michael Hudson is also correct in indicating that the business model of private finance is parasitical. However, he fails to call it completely like it really is by not recognizing that PRIVATE finance’s virtual monopoly powers of money creation, its equally monopolistic paradigm for the form of monetary distribution of Debt Only and the fact that increasingly its product is an additional cost post retail sale…and so it is not a legitimate business model because the legitimate end of the economic/productive process is the point of retail sale.

If they cultivated the holistic mental skill sets necessary for paradigm perception as much as the inductive approach they generally use they’d be better able to see these things, the single concept that defines and creates the pattern that is a new paradigm and then more easily and more accurately craft policies reflecting it.

If economies go into recession when the rate of change of debt falls and Debt/Loans are virtually the only way that additional individual demand can come into the economy (Employment/work for pay is a derivative of already present money),  then that confirms that the rate of flow of total costs always tends to exceed the rate of flow of total individual incomes and hence the economy relies upon continual borrowing which of course builds up until debt service is unpayable. It’s a catch-22, a being caught between a rock and a hard place.

Keen also seems to think that the turn over/velocity of money also contributes to the individuall’s available money supply, but that is a fallacy because all money recirculating back through the economy is business revenue and so not add to additional individual income. That plus just because an enterprise makes more profit doesn’t necessarily mean they are going to give their employees a raise, in fact that almost never happens as the business is much more likely to pay down debt and/or re-invest such profits both of which reduce possible individual income from the present economic and financial cycle and incur additional costs into a new one now created.

Keen would be smart to realize this and adopt the form of Douglas’s universal dividend  and discount/rebate policies….and my extension and innovations of them….that raise their effectiveness and power to the level of paradigm change.

….is realizing that the 50% Discount/Rebate policy kills the two birds of inflation and individual and commercial income scarcity…..with one stone.

In other words final retail sale is the terminal expression point for any and all forms of inflation because it’s where prices for any item or service are totaled and also where production becomes consumption which of course means it is the absolute end of the entire legitimate economic/productive proces, and a 50% discount at those points to consumers that is rebated back to the enterprise by a monetary authority specifically mandated to do so instantly doubles everyone’s income and simultaneously banishes inflation to the dust bin of economic history.

Look at the actual temporal universe effects of the policy….until you see it and it blows your mind.

….you begin to see all of the orthodoxies and delusions that people are stuck in. It’s like being the one eyed man in the land of the blind.

Paradigm perception is everything about seeing good, rational, ethical and permanent change.

Theory attempts to find and coordinate complexity. Paradigm Perception recognizes the singular concept that pervades, changes and transforms the nature and effects of the current/old paradigm while simultaneously creating an entirely new pattern.

It is perfectly legitimate that economists theorize, it’s just that lacking paradigm perception they have long continued to “look through the wrong end of the telescope” by attempting only theory when rescuing the nation state and civilization from economic instability and lack of prosperity is becoming increasingly dependent on the rapid and thorough change that is a new paradigm.

Philosophy is logicality of ideas. Paradigm perception is integrative pattern recognition itself.

Philosophy is of thought. Paradigm perception is of essence and consciousness itself.

Just as important as the new monetary and economic paradigm of Gifting is the wisdom, pinnacle concept and ethic of the philosophical concept of grace.

Grace is dynamic integrative balance in every respect including personal ethic and ecological awareness, and so require a personal sensitivity to such and policies that thoroughly align with it.

Grace is the best mental and temporal universe survival strategy.

Me:  Bob, Ellen and others, I salute Public Banking’s efforts. Finance is the structural key to resolving the money problems we face whether you begin it via the BND model or go directly to national banking as an affirmation of Occam’s razor. As cost cutting is always a valid economic thrust the elimination of usury/interest is also a correct thrust. I beseech you however to consider that what is necessary to hasten, deepen and make permanent the changes that Public Banking will enable is a change in the monetary and economic paradigm for the creation and form of credit-money’s distribution, namely Private Debt Creation and Cost Only that has plagued human civilization since its inception over 5000 years ago.

Paradigm changes are by definition dramatic and permanent changes so any argument against dramatic change is an argument against paradigm change and for mere reform.

Paradigm changes are also characterized by conceptual opposition (nomadism to homesteading) and inversions and transformations (terra-centrism to helio-centrism and in the present case monetary scarcity and systemic austerity to abundance of same).

Therefore the new monetary and economic paradigm is the change from Private Debt Creation and Cost Only to Publicly Administered Direct and Reciprocal Monetary Gifting. Bob’s book is an excellent historical and philosophical one and Charles Eisenstein’s book Sacred Economics is philosophically aligned with the new paradigm. What is required now is the continued efforts that Ellen and others have been making plus a concerted effort to market the permanent, dramatic and self interested changes for both the individual and enterprise that the new paradigm will bring into being.

The wisdom of an integrated effort for structural and paradigmatic change communicated to select large constituencies is what will bring us to the political tipping point necessary to make these changes our personal and systemic reality.

Me:  Carl,

I severely like your numbers and re-distributing them reflects the new paradigm of Gifting. However, to avoid the inevitability of inflation when an abundance of money is re-cycled into the economy which has an inherent scarcity of same and that by definition is chaotic because it has no bound to the lower end of costs or the upper bound of price it is necessary to provide a rational, ethical and effective means of controlling or reversing such. Such an alternative is best and politically most likely when it serves the interests of all agents as the ultimate survival occurence of a paradigm change does, and the dual policies of a universal dividend and a 50% percent discount/rebate at the point of sale throughout the entire legitimate economic/productive process does exactly that because it:

1) Takes, rational, ethical and unobtrusive control of the expression points for any and all forms of inflation (the points of sale and final retail sale) and in fact actually accomplishes what is currently considered impossible, namely painlessly and beneficially integrating price deflation into profit making systems.

2) By making the discount/rebate percentage 50% it immediately doubles everyone’s potential purchasing power which is stupendously and unprecedentedly great for the individual and for enterprise because enterprise suffers from the same scarcity of individual income…..as the indiviual does. Communicating this empirical fact is also the secret to making it politically acceptable to sane and reasonable people on both sides of the aisle. You’re just as sick and tired of being sick and tired of no real change occurring the same as everyone else here is my best guess so I would also bet that you can see the efficacy of an integrative political approach to communicating the general rational self interest in these paradigm changing policies.

One more thing. Spending or re-investing the monies in CAFRs makes sense regardless, but it is a form of “eating your own seed corn”. In other words when it comes time to repair/build new roads etc., without such funds being available the only way to create them is via the old paradigms of Debt Only and Re-distributive Taxation Only….unless you transcend these with Monetary Gifting and Direct Distribution….and then you can do so without taxation or inflation by implementing the above two policies.

The third rational and integrative alternative is always the signature of wisdom.

JR:  Carl, Ref. your “response” comment, that has been the situation in N Z for years.

In a world of increasingly obsessive, contentious and arrogant orthodoxies grace is indeed a third, new, transformative, creative, paradigm changing and wise concept….and existential experience.

Wisdom is the integration of opposites and their truths, workabilities, applicabilities and highest ethical considerations. This is why it is so valued and its insights are so deep compared to merely collecting data, theorizing or even using philosophy. As inductive and deductive thought are opposite forms of same, the unique ability to combine and utilize them both for greater and deeper insight is one of the signatures of wisdom and also grace-consciousness itself.

While wisdom is the integration of inductive and deductive thought, paradigm perception is the highest level of induction, in other words it is the recognition of a specific single concept that fits seamlessly within an entire pattern, transforms the nature and realities of old structures and actually creates a thirdness greater oneness that is also an entirely new pattern. Trinity Unity Oneness has always been the signature of wisdom’s integrative conclusions, paradigm perception-change and of grace-consciousness itself. This is because a component part of paradigm perception is consciousness itself.

Only consciousness truly transforms and creates anew. That is why it is so powerful, and also why wisdom and contemplation are so important in paradigm perception because they facilitate the self actualization of consciousness.