Not even a republic, let alone a democracy can long survive without a sufficiently broad and well contemplated survival ethic. And we all know what the pinnacle philosophical concept of wisdom is…so let’s go for it.

We’ve become unconsciously stuck in obsessive and contentious duality and are barely conscious of the thirdness-greater oneness that has always been the signature of wisdom, completeness, solutions, social harmony and graciousness. This applies to those stuck in political conflict theory as much as those unwilling to come off the dime of absolutist interpretations of the 2nd amendment and gun “control”. The nation and the world cries out for the integration of truths known as wisdom, but the polarized issues fall in a forest of the deaf, dumb, blind and unconscious.

We fall for demagogues and their erudite but insightless counselors who only know how to smash ideas together in hopes that some sketchy “fourth turning” will create renewal instead of chaos, and do not realize that fourth turnings are actually just the result of the failure or refusal to integrate the truths of opposing dualistic perspectives. The Martians and those who do not wish us well must be laughing.

Me:  Trade wars historically rhyme with actual war. Second rate conservative and neo-liberal thinking about trade is…second rate, and third rate populist “intellects” like Trump do not have a clue of course either.

If you implemented a 50% discount/rebate at the point of retail sale and a sufficient universal dividend to everyone 18 years of age and older you’d be able to eliminate the transfer taxes that both individuals and enterprises pay for welfare, unemployment insurance and probably quite quickly Social Security, and their associated bureaucracies as well…and you wouldn’t have to worry about unemployment either which means you could dispel the financial wet dream of globalization, re-industrialize America in the most efficient and ecologically sane way possible and thus have no need for tariffs and trade wars.

The heterodox had better quickly rise above the nit witery of Trumpism and the coalescing power of finance dominated neo-liberalism…or the war that destroys modern economy’s productive potential may “happen” and then in the pain and confusion Finance will be happy to lend us the money to re-build.

JB:  I sympathize, therefore, with those who would minimize, rather than with those who would maximize, economic entanglement among nations. Ideas, knowledge, science, hospitality, travel–these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible, and, above all, let finance be primarily national. Yet, at the same time, those who seek to disembarrass a country of its entanglements should be very slow and wary. It should not be a matter of tearing up roots but of slowly training a plant to grow in a different direction. (“National Self-Sufficiency,” The Yale Review, Vol. 22, no. 4 (June 1933), pp. 755-769.)

Me:  This is largely a good assessment, however, Keynes like everyone else apparently, thought finance was a legitimate private business model. It isn’t. It isn’t a legitimate public one either unless its based on, and its primary ethic is monetary grace as in gifting. That doesn’t mean that you should give business start ups money as a gift, but as a new publicly administered paradigm that ends private finance’s monopoly paradigm of Debt ONLY and enables the economy to become integratively free flowing….it’s a no brainer…when you look at it just a little…..so if you want to evolve economics and the money system….don’t you dare look at it.

RR:  Economics is a social science and is embedded within human social networks and societies social institutions — which includes the political realm. It is a false dichotomy that thinks economics can be separated from the political and that somehow doing so is true “science.” This is really scientism masquerading as science and attempting to treat the social science of economics with the same assumptions of methodologies as those used in the physical sciences. It is referred to within the literature as physics envy (p-envy) for short 😉 Such naïve philosophical reductionism won’t sit well with the younger generation I suspect.

Me:  The paradigm change I advocate in economics and the money system would not be physics envy, but it would be a huge stabilization and evolution of both systems by virtue of the fact that it would resolve the economy’s chronic problem of inflation and the money system’s monopoly paradigm of Debt Only…at the same time. The realization that the natural concept of grace denotes and is by definition a fundamental integration of the static and dynamic, of philosophy-thought and policy-action ends the arrogance of the mindsets of both science Only and religion Only, but there will be no end to history and change may succeed that paradigm…..hopefully by further acculturating into the ethic-zeitgeist of grace.

RR:  I was not referring to your vision at all. I find your ideas clearly transcending current paradigms.

Me:  Ah, yes, I should have understood that with your use of the words “philosophical reductionism” which indeed tends to be a problem, at least until one fully understands the natural philosophical concept of grace in its many aspects probably the highest of which is unity-oneness, and others which are aligned with economic thinking like dynamic balance, integration and flow/free flowingness.

JK:  Hey Craig…

I thought I’d make another attempt to explain to you why your gifting proposal would be far more inflationary than you’ve been hoping it would be.

I base my argument on the observation that suppliers in most markets will charge the highest price that the market will bear, period. In contrast, you are arguing that sellers will not do this, but will for some unexplained reason choose to limit their price increases to only a 2%-3% rate of increase.

How is it possible to tell if the sellers in a limited-quantity-available market are selling their product at the highest price the market will bear? You simply look to see if there are any lines/queues/waiting lists that buyers in that market must deal with.

If there is a l/q/wl associated with some market, it is only because that seller is choosing to keep his price lower than the market will actually bear. More people can afford the thing being sold than there are things available. The seller ‘sells out’ quickly and cannot obtain sufficient quantities to satisfy the demand at the chosen price.

Only if/when the seller then raises her prices sufficiently to the point where the l’s/q’s/wl’s disappear, then we can say that the seller is charging the highest price that the market will bear. It’s really quite simple.

You advertise that your gifting proposal will increase the purchasing power of individual demanders, but that can only be true if those individuals are able to buy items that they could not afford to buy previously.

The day before your proposal gets enacted, the BMW dealer will have a certain quantity of autos available for sale. If the day after the gifting initiative takes affect, the same number of BMW’s will be available for sale, but many more people will believe they can now afford them IF the price that is being charged for them has not been changed.

The dealer will quickly sell out if she has not increased her prices sufficiently to price all the extra buyers out of the market. Being advised that it would be best for the economy if the price increases are limited to a 2%-3% range would be meaningless.

The only other possibility that could limit the price increases is if only a few of the beneficiaries of the gift choose to try to buy any of the things they previously could not afford. Such a possibility would be in defiance of everything we know from observation of human economic behavior.

I’m afraid that your hopes that inflation as a consequence of the gift would be limited in the medium- to long-run are ultimately unrealistic.

It is true that at the first iteration, when the purchasing power gift is first ‘bestowed’ on buyers and sellers, prices would not increase (since the government would be paying/subsidizing to keep them low)…but thereafter, buyers would find themselves with more disposable dollars/pounds/euros to spend and that is what sellers would respond to, when the rather dramatic burst of inflation would kick in…

Me:  Some of what you say may well occur….if you allow the paradigms of profit, power, control and “free” markets ONLY to remain in force. I reject that idiocy. The wise realize that in the temporal universe there is only freedom amongst known barriers, and that the above paradigms are a fundamental confusing of freedom with chaos wherein nothing resembling a genuine sense of ethics is enforceable and even recognizable.

As I have said certain regulations and structural changes will need to be made in addition discovering the new paradigm of monetary gifting and the significance of monetary policy tied to the point of retail sale.

Grace as in benevolent monetary and economic policy, but utterly just and ethical power to reward and punish would be the conscious expression of sovereign political and economic authority…and the leaders and owners of enterprise would need to bow to that paradigm and ethic….and despite the fact that they would greatly benefit from the policies of gifting and grace they would be FREE to reject or try to undermine it…until they were forced to get their best competitive price without the benefit of the 50% discount/rebate.

DT:  Hence, Craig, the need for the Copernican revolution of making it costly to make or hold money. Sellers or financiers ripping folk off gives them no reason to be grateful and hence react gracefully, but ssafeguarding the ecology by living economically, and having your debts written off because you’ve done your job, gives you at least satisfaction.

Me:  Yes, the idiotic private monopoly on credit creation must end….after 500 years of trying to make it work and behave it’s getting to the point where we must recognize that effort as the definition of insanity. Public monopoly of course is potentially equally dumb…unless it’s guided by the new paradigm of direct to the individual gifting and the ethic-zeitgeist of grace.
Also, a public monetary utility and authority has no need for profit as it creates money ex nihilo. As finance for large assets like mortgages, autos etc. is post retail sale which is the terminal end of traditionally productive economics it exposes the fact that that private finance is fundamentally parasitical and anti-economic.

I don’t really care very much whether people would hold money because the Gordian Knot of inflation (supposedly) being tied to the supply of money will have been exposed as not the operative reason for such, and would be cut and resolved by tying monetary policy to retail sale with the discount/rebate.

Hence, the more people save the less they’ll need to borrow, even from the sovereign monetary authority, when they inevitably want to purchase a large asset, and so finance rather than the government guided by graciousness will tend to “wither away”. Of course investing in something actually productive is always an option for them. Pooling it in a savings account at 0% would still be available…just not profitable and no longer an economic vice.

You’re exactly right that it borders on criminal that economists and politicians have been so confused and/or complicit with vested interests and private finance to deny/obscure the mechanics of sovereign money. Now all MMT needs to supercharge the significance of same is to recognize the incredibly powerful effects of tying monetary policy directly to the point of retail sale with a discount/rebate policy. This recognition is not just some data point, it is a summing point and ending point for total costs and so total prices for every consumer product or service including all capital costs. Pair that insight with the fact that both the pricing system and the money system are both digital and a 50% discount to consumers at that point that is rebated back to the merchant giving it by a monetary authority specifically mandated to do so and you’ve immediately doubled everyone’s potential purchasing power, created the possibility of enterprise to double their sales, eliminated the possibility of price and mortgage asset inflation and done what has been considered impossible, namely the integration of price deflation painlessly and beneficially into profit making systems. This single policy would so stabilize the economy and make for a great employment and investment climate that it would be recognized as a virtual paradigm change in economics and money systems, and in fact it would dramatize the very expression of the new paradigm of direct and reciprocal monetary gifting.

Think the new monetary and economic paradigm of Direct and Reciprocal Monetary Gifting….and the acculturation of leisure which is self chosen directed purposeful attention….not idleness.

KZ:  “Craig, according to Kuhn, a scientific paradigm includes the practices that define a scientific discipline at a certain point in time.”

Me:  Yes, that describes a current paradigm.

KZ:  “Paradigms contain all the distinct, established patterns, theories, common methods, and standards that allow us to recognize an experimental result as belonging to a field or not.”

Me:  Correct again, about current paradigms, but not of new ones.

KZ:  “Per Kuhn, science proceeds by accumulating support for hypotheses which in time become models and theories. But those models and theories themselves exist within a larger theoretical framework, the paradigm. The paradigm is thus a culture, which scientists seek to extend.”

Me:  Okay.

KZ:  “Kuhn is not wrong. Some sciences and portions of some sciences work this way. But others do not. This is what we learn when we study the actual practice of science. Rather, scientists in their work draw distinctions and establish associations or alignments between different paradigms. Scientists, particularly those who study science don’t like the public to know about such things, as they tend to threaten the public’s belief in and acceptance of science’s objectivity and certainty. It also makes those who support realism as the foundation of science nervous.”

Me:  There are paradigms as in specific ideas and modes of operation within sciences/disciplines like the scientific method, and then there are full blown paradigm CHANGES which at the very least within the area of human endeavor/body of knowledge the new paradigm applies to does indeed change everything conceptually and also is such a dramatically progressive step forward that no one and nothing ever goes back to utilizing the old paradigm ONLY. Such a paradigm change, if it occurs within an area that effects enough human activity and has been ripe for a new paradigm for a long time, also can bring dramatic “knock on” benefits in related fields such as politics, finance, psychology, technology etc. ….and a new monetary and economic paradigm would be exactly one of these kinds of paradigm change.

As for making realists nervous, the breakthrough discovery of tying monetary policy in the form of a discount/rebate directly to the point of retail sale OUGHT to make allegedly realist macro-economists nervous. At least macro-economists who being abstractly thrice removed from the day to day operations of commerce, have thus missed both that temporal reality and the extremely relevant fact that both the pricing and money systems are digital. This discovery is not just some data point, it is a huge re-discovery, and the policy itself defines the new monetary and economic paradigm.

KZ:  “If paradigm shifts change everything, bringing in an entirely new scientific culture,” the theories of the last paradigm are wholly incommensurate with those of the new. This means what’s real changes, if you believe science is in touch with reality.”

Me:  A full blown paradigm change doesn’t “bring in an entirely new scientific culture”. For that to occur there would have to be a full blown paradigm change in the scientific method itself….which is something I’ve been advocating here for some time by the way in suggesting that the superlative human discipline of Wisdom be integrated into the scientific method.

KZ:  “the theories of the last paradigm are wholly incommensurate with those of the new. This means what’s real changes, if you believe science is in touch with reality.”

Me:  Not necessarily true. Some of the theories of the old paradigm are invalidated, others that align partially with it are incorporated into the new. It’s true that what’s real changes in that a new paradigm is a new mental understanding of what is good, progressive, more applicable (and generally) more ethical in the temporal universe. This does not mean that aspects of the old paradigm must disappear. Hunting didn’t end with Agriculture. However, Agriculture replaced the PRIMACY of the old paradigm of which hunting was an integral and essential aspect.

KZ:  “Thankfully, Kuhn’s notions on paradigms have been challenged successfully. Scientific practice, as opposed to Kuhn’s theory of it shows a multiplicity of paradigms, characterized by disunity, patchiness, and scrappiness. That’s why not everything adapts to a new paradigm.”

Me:  That is simply a description of the oft problematic scientific paradigm itself which is a trinity-fragmenting-reductionistic-temporal fact finding process of:

[ Hypothesis (true x untrue) ]

Thus its “disunity, patchiness and scrappiness”.

Wisdom on the other hand is an integrative trinity-unity-
oneness-wholeness process of:

[ (Scientific Method x Aspect of Consciousness) Wisdom ]

This formulaic process is useful for defining a genuine and specific paradigm itself as well as for the process necessary for paradigm perception.

A full blown paradigm change is a change in an entire pattern which by definition means everything relevant and within that pattern changes-adapts….to it.

KZ:   Craig, I’m taking my cues from Kuhn. He does not mention partial or selective paradigm change. Kuhn’s takes scientific paradigms as “all the distinct, established patterns, theories, common methods, and standards that allow us to recognize an experimental result as belonging to a field or not.” This is identical to the understanding of culture by humans. I’m an American because I believe in and live within American culture. Cultures gradually evolve and adapt, based on member actions and conditions that provoke change. Cultures also collapse and either go extinct, with surviving members attaching themselves to other cultures or they become so corrupted they devolve into anarchy (many Native American cultures from 1880-1950). If scientific paradigms are cultures, then all this can happen with them as well. One sign I am correct here is the “scientific method.” The only part of it that’s not changed since WWII is the word method. Hypothesis is more ontological today than following WWII, experiment’s definition has expanded greatly, and gathering evidence has added dozens of tools and processes. Like culture, there’s nothing formulaic about science. The power of science is in the imagination and creativity of scientists, which formulas quash. Science is neither a superhuman nor a subhuman culture. It is merely an extension and enhancement of human imagination and creativity. The important concern is the forms these take. Like capitalism or religion humans must choose what they want science to be and what they want it to do.

Me:  We could go on and on about this. Suffice it to say that the mindset of Science ONLY is part and parcel of what needs to be transcended (does not mean abandoned) exactly as the current paradigm of Debt ONLY does, and Nomadic Survival ONLY, Ego and Terra-Centric Astronomy ONLY and Hand Written and Oral Communication ONLY as current paradigms also needed transcending….in order to actually advance the species…instead of going through decades if not centuries of mental masturbation about 5000 year old problematic business models and their dominating and monopolistic paradigm; all the while being largely if not completely unconscious of both the current paradigm and having slight if any idea of its replacement….and then ending up with insignificant tweaks that parade themselves as new theories or even new paradigms.

We NEED new paradigm perception in economics….and that requires both the objectivity of science and the holistic mindset of Wisdom.

KZ:  Craig, Sapiens’ survival has been based on imagination and creativity since the agricultural revolution 12,000 years ago. Now Sapiens faces threats to its survival from the very imagination and creativity that allowed Sapiens’ cultural adaptations. Some of these cultural changes threaten Sapiens’ physical survival. Among the threats economists work with daily are capitalism, consumerism, and bio-diversity destruction. These can be identified as paradigms, if you wish. These destructive theoretical constructs must be countered by constructs that support the survival of Sapiens and the planet upon which it depends. Economists can, if they choose, play an important role in building ways of life supportive of these goals, while helping Sapiens finds workable solutions for resource and economic distribution problems. But economists must choose this path, over the one they currently traverse. Otherwise, economists continue to be an enemy of Sapiens’ survival. We could attempt to convince economists to make such changes in course through education and “rational” argument. That has not worked. Many economists are too much attached to power and prestige, as well as the wealth from their plutocratic masters. I believe it’s time to discipline economists, as one would a child. With a combination of praise for steps toward Sapiens’ survival and punishment for attacks on Sapiens’ survival. We can also give economists actions to imitate. We know much human learning comes through imitation. That’s a task with which those who post here can help. This all means convincing economists to change long held belief systems and alter patterns of actions that have benefited them greatly over the last 100 years.

Me:  I’m agreeable with all of that. What I’m saying is this:

It’s a monetary economy….and that is fine as the invention of money facilitates trade, monetary distribution and resolving monetary policy distribution that dovetails excellently with another human invention, the digital means of determining profit or loss and costs known as double entry bookkeeping.

It is no coincidence that the “product” of the business model of Finance is Debt, that their paradigm is the virtual monopoly of Debt ONLY and that they dominate every other business model and probably 97-98% of the general populace.

Economists are guilty of a lot of things like ego-centrism, cowardice, alignment with wealth and power, physics envy, scientism…the list goes on. These are all barriers to necessary change, the last probably being the most subtle and yet most problematic….because it blocks consideration of the science inclusive superlative human mental discipline of Wisdom which enables man to discern the truths and highest ethical considerations in apparently opposing perspectives and so resolves/does not palliate longstanding problems in whatever area of human endeavor it is applied to. This would be a Wisdomics.

The pinnacle concept and experience of Wisdom according to all of the world’s major wisdom traditions is grace-graciousness. An aspect of grace is freedom, and economically that translates to free gifting and dynamic free flowingness. Grace of course is about abundance. As per above it is also the dynamic ongoing integration of apparent opposites resulting in the best integration of the ideal, the pragmatic and the ethical…..in the temporal universe, i.e. where action and change actually takes place. Hence grace-graciousness is of the highest human and systemic relevance.

Finally, grace-graciousness is both mentally unitary-unifying and also the highest survival consideration, so that even within individual monetary abundance, tremendous technological productivity and innovation and the complete finance-ability that a sovereign public utility fiat money system would bring, the consequent mental understanding it also brings….not only would not conflict with an ecologically sane mindset, but would actually make it more acceptable and more likely.

KZ:  Craig, you’re proposing massive cultural changes. All well and good. But how do you propose economists be “convinced” to propose and implement them? Cultural changes are difficult in the best of circumstances. And these are not the best of circumstances.

Me:  Well actually looking at the retail sale discount/rebate policy by playing the actions out between three people the retailer, the consumer and the monetary authority executing the policy might be a real good start. That in itself could pop economists and pundits out of their obsessively abstract theorizing fugue and enable them to realize how economically powerful such a policy could be for them, for everyone else, for enterprise and for the entire system. As I said cogniting on the significance of monetary policy tied directly to the point of retail sale is not just some data point in a theory, rather its immediate and “knock on” effects, especially if paired with a universal dividend policy, are deep, long and paradigm changing. Furthermore philosophically and policy wise it aligns with lesser policy suggestions advocated by leading edge heterodox economists (anti-austerity, UBI, governmental monetary stimulus, one off debt jubilees, financial parasitism etc. etc.).

Then, you’d think, economists could get together and unify their efforts to educate the general populace about the terrific benefits of these two policies and create a mass socio-economic movement out of it. Call it Operation Monetary Grace As In Gifting or something…and change the friggin’ world. Crisis IS the best time to effect change and we are many and Finance is relatively few….and ethically compromised.

KZ:  Craig, interesting notions. Frankly, I don’t want economists or retailers, and certainly not the monetary authority to have more authority. I want them to have much less authority. Two things I’ve learned about shaking people out of fugue states it isn’t voluntary and they hate you for it. You make the same flawed assumption as mainstream economists – that human actions, especially economic ones are rational. They seldom are, particularly where great power and privilege are concerned. I give credit to your focus on the actual relationship of buyers and sellers. This process is complex and culturally situated. In other words, it is part of culture. Which means the processes can change or be changed only by changing the culture. So, whatever economies and economic actions look like today, whatever they pursue or want today, whatever justifies them today cannot be the same when the culture changes. My preference for future economies and economists is they be focused on a communitarian lifestyle, with cooperation and mutualism emphasized over competition. They also need to create a smaller environmental footprint and reject every aspect of the Kantian and neo-Kantian assumptions that have dominated western civilization for 300 years. And they need to be democratic and fully transparent. With these changes, humans might just last out the next century.

Me:  Again, my policy suggestions are not notions. Look at their immediate temporal effects.

Retailers don’t have any additional authority with my policies, and the authority of the monetary authority is based upon, aligned with and immediately systemically effects the highest concept humanity is capable of attaining. Economically we need to “hitch our wagon to the stars”. Graciousness, and economically implementing grace as in monetary gifting is the only concept capable of spanning and integrating self interest and The Good. In fact the concept of grace IS the continual dynamic process of integrating opposites whether individually or systemically. Am I just some airy-fairy philosopher? No. The policies of grace implemented at a stable ending point in the otherwise complex flurry of activity in the economy, i.e. retail sale EFFECTS monetary grace. If individuals are not immediately gracious as a result…is irrelevant….and largely remediable by further regulation and acculturation. The point is the following question:

Would graciousness be more likely to grow to become the ethic if the temporal systems of economics and money were indeed based on grace and its aspects, or lesser ethics like self interest only and/or profit and power that enforce chronic stress, monetary austerity, systemic servitude and hopelessness????? It’s a hard question to answer, I admit. 🙂

KZ:  Craig, these are my specifics. My stance is deontological. By that I mean a rule-based morality where the rules specify moral obligations or duties. The rules bind us to duties. The neoclassical assumption that people render decisions rationally (no consensus definition in neoclassicalism) is replaced by the notion that people typically select means, not just goals, based on their values and emotions. Far from always “intruding on” or “twisting” rational deliberations, values and emotions render some decision-making more effective. This holds for noneconomic actions, such as courtship, and for economic behavior, say relationships with one’s employees or superiors. The circumstances under which people do act the way neoclassicists assume they generally behave—rationally (to one extent or another)—are accounted for in my proposed paradigm as expressing unseen duties, successfully performed or not. The neoclassical assumption that the individual is the decision-making unit, is changed such that social collectivities (such as ethnic and racial groups, peer groups at work, and neighborhood groups) are the prime decision-making units. Individual decision-making often reflects, to a significant extent, collective attributes, and processes. Individual decisions do occur, but largely within the context set by various collectivities. The same holds for the relationship between society and the market as a sub system. The market economy is not a separate system, a system that is basically self-containing, and whose distinct attributes can be studied using a perfect competition model. I replace this with the economy as a subsystem of a more encompassing society, polity, and culture. The processes of the economy, including the extent to which it is competitive, cannot be studied without integrating social, political, and cultural factors into one’s paradigm. Moreover, in my paradigm social collectivities are not just aggregates of individuals, but structures of their own, structures that place individuals (and other subunits) not according to their individual attributes, and which deeply affect their dealings with one another. The significance of structure is highlighted by the study of one major structural attribute, the political power of select economic actors. Instead of taking the economy as basically competitive, and hence that economic actors (mainly firms) are basically subject to “the market,” possessing no power over it (monopolies are regarded as exceptions and aberrations), power differences among the actors are congenital, built into the structure, and deeply affect their relationships. Power differentials are gained both by applying economic power (the power that some actors have over others, directly, within the economy) and by exercising political power (the power that some actors have over others, indirectly, by guiding the government to intervene on their behalf within the economy).

Me:  Ontology-Consciousness-Beingness is a necessary factor no matter whether one considers it supernatural or utterly natural. It exists. It is. It’s an ever present reality. Rational expectations as an economic assumption and an ideology is deeply flawed of course, but consciousness and its archetypes, i.e. the aspects of grace are powerful and the more we integrate with and tap into them the more they beneficially effect us. Grace as a rigorously examined and contemplated philosophical concept is cosmic….and you can’t get any more powerful than that.

…is the key to stabilizing and freeing the individual, enterprise and the entire system.

Finance IS the problem, specifically Private Finance’s monopolistic paradigm of Debt Only. Balancing that with the new paradigm of Public Utility Monetary Gifting will so stabilize the entire economy and so benefit both individual and commercial agents that it will quickly be recognized as the true paradigm change that was necessary, and as  paradigm changes are historically such progressive events….the way forward will be clear….until of course the next paradigm change becomes necessary.

With Public Utility Monetary Gifting, money becomes almost entirely an accounting issue, as it should be, instead of the dominating paradigm and destabilizing and unworkable economic factor it currently is.

….like being from the future and coming back to present time. Everything is a knowingness, an indisputable consciousness of what is and will be, if people will simply look.

And it’s not because you the paradigm perceiver are so necessarily smart, although due to study, often luck and chance variety of personal interests you become astute in the area of the paradigm, but mostly because knowingness is both a feature of the present moment and a component part of a new paradigm itself.

Keynes thought around, and in some instances plagiarized Douglas, his contemporary, and neither one wrote 10 words when they could less decipher-ably write 50. Douglas however, was definitely the more insightful and more in touch with present time and economic reality. Macro-economics is really more a body of knowledge to avoid significant economic and monetary insight than to garner it, although Steve Keen’s herculean task of de-bunking DSGE is admirable as is Michael Hudson’s focus on the tyrannous key business model of finance. Now if they’d just practice paradigm perception instead of macro-economics…they’d see how Wisdomics-Giftonomics unites their thinking and creates policies and regulations that would resolve the major intractable problems of modern economies.