Discussion is obviously a good thing, but is more productive AFTER one has recognized its relevant philosophical/psychological-experiential antecedent. Science is a trinity-fragmenting/fragmented-process of [ Hypothesis <–> (true?, false?) ] and so does not lead mentally in the necessary direction. Wisdom is a trinity-unity-oneness/wholeness-process…that also includes the scientific dualistic determination of truthfulness/falsity within it. This is why we need a Wisdomics instead of a mere economics. The more inclusive, more integrated the mindset the better. Consult the world’s major wisdom traditions for their mental/experiential/proverbial insights sans any of their surface dogmas and determine their pinnacle concepts/experiences….and then align and apply policy and regulation to the relevant situation or body of knowledge under discussion.
Author: chdwr
Grace: As In Consciousness Which Is of the Individual
As above so below, as the individual so the system. In other words straight line integrity of ethic, paradigm-purpose, philosophy, policy, sanctions and regulations.
A system based on the individual who is basically good but flawed and that is administered in a consciously wise, sovereign, dynamically aware way that responsibly works toward self improvement.
“Systems were made for man, and not man for systems, and the interest of man which is self-development, is above all systems, whether theological, political or economic.”
C. H. Douglas
Repeat Post
Questions and Answers About Wisdomics-Gracenomics-Giftonomics
My books have spoken about UBI or what I call a universal citizen’s dividend because part of its justification is that it is actually a payment based on every citizen’s inheritance from the nation’s cultural heritage of tremendous productive capacity built up over its history. They also stress an even more important second and complementary policy I call the “universal retail product discount” which enables a thorough saturation of the entire economy with the new monetary paradigm of Gifting. It would also not only eliminate inflation, it would actually beneficially integrate price deflation into profit making systems….something that, up until I recognized this policy innovation, was considered impossible.
Here are some questions that would help better explain my theory of Wisdomics-Gracenomics:
What are the primary insights of each of the cutting edge theories of reform and how does Wisdomics-Gracenomics integrate, extend and improve upon them?
MMT Main insight is that the monetary system can be distributive
Steve Keen’s Financial Instability Thesis Main insight is that the problem lies with Finance whose product is money, also General Equilibrium Theory is fallacious and government austerity is completely ineffective and part of the problem not the solution
Public Banking Main insight is that Private Banking is the primary structural problem
QE For The People/Positive Money/UBI/BIEN Scarcity of individual income is major problem of modern economies/Private Finance’s virtual monopoly on credit creation is problematic
Social Credit Actually preceded the insights of all of the above except it still had a remainder of orthodoxy regarding equilibrium and did not have a way to saturate the entire economy with the new paradigm they had discovered
Wisdomics-Gracenomics Integrates all of the insights from above including Social Credit’s dual policies of a universal dividend and compensated retail discount and fully extends them so that their impact saturates the entirety of modern economies and actually reverses the problematic vector of same. It discovers the new paradigm and its full fleshing out of the philosophical concept behind the new paradigm brings full consciousness of it to economics and economists.
Finally it brings additional insights about the very process of Wisdom itself, (integration of the truths in opposites) and the trinity-unity-greater oneness nature of the scientific method, the logical and progressive process and of all new paradigms. It also brings new insights into the structural and mental manifestations and effects that accompany all new paradigms (fully integrated duality, inversion of a problematic ratio, inversion of position-primacy of the old and new paradigms)
Can you explain and illustrate how the ‘universal retail product discount” policy works?
The point of sale is always a summing point and temporary stopping point of total costs and total price for any item or service. The pricing system and the money system are both digital, that is, if you discount $5 on a $10 price to your consumers and then a monetary authority reciprocally rebates you back your discount to your consumers, then the consumer gets a 50% decrease to his costs and so a 100% increase in his purchasing power….and the enterprise still gets their full price of $10.
If this discount policy is implemented at every point of sale throughout and within the entire economic process and every enterprise participating in the policy passes this 50% discount along to its consumers a 50% cost and price deflation is beneficially integrated into profit making systems.
Furthermore, because the policy is only implemented at the already summing and stopping point of a sale there is no heavy handed manipulative intrusion into the price discovery of the enterprise participating in the policy…only a gracious gifting to the consumer and a reciprocally gracious rebating back of the discount to the enterprise.
Why would it be readily accepted by virtually all business models?
Because it enables an enterprise to sell their product/service at 50% less, and combined with the Universal Dividend policy it creates the ideal business climate for any business of low prices and lots of purchasing power in the many hands of the consumer meaning there is a much greater likelihood of higher volume of sales which translates into greater profits. In essence it is an offer that a profit making enterprise cannot refuse because if you don’t participate….and participate honestly in the policy, then you don’t get any rebate and have to get all $10 from your consumers who can get a competitive product to yours for only $5.
Why are other theories/theorists only partially or even totally unconscious of the discount policy and its effectiveness?
Double entry bookkeeping is probably right up there with the computer as one of the greatest innovations of human history because it is the tool by which enterprise deciphers whether or not it is profitable. Its Debit-Credit digital format is also perfectly reflective of the format and actions of the discount policy.
As Steve Keen has said economists can get their PhD in economics and not have to take so much as a basic course in accounting. Hence they tend to be almost entirely unconscious of its actions and conventions. Hence they also miss the economic significance and policy potentials of the Debit-Credit format as described in the discount policy.
And of course macro-economic and mathematical theorists are generally caught up in once, twice or thrice removed abstract considerations and so do not look directly at the moment to moment operations of commerce and so do not see the potential economic significance and benefits of policy implementation to be found there.
What are the current dominating monetary paradigms of Finance and what is the new paradigm necessary to be integrated into our economy and to become the new non-dominating primary one?
The current paradigms are Enforced Indirectness and Debt, Loan and For Production Only. This enables the business model of Finance to dominate every other business model and probably 98-99% of the general populace.
The new primary paradigm is Direct and Reciprocal Monetary Gifting. The new paradigm will not destroy Finance, only its dominance and its over weening power of credit creation.
Even more important than the new paradigm itself, what is the natural philosophical concept behind it…and why is full conscious awareness of this concept so important?
The concept behind the new paradigm is grace/graciousness. Grace is a traditionally religious concept in the west, but the truth is that grace has its counterparts in the experiences pointed at by all of the world’s major wisdom traditions like satori-kensho, the discipline of Bodhisattva, atonement and samadhi so the concept is actually a universal one.
The philosophical concept and psychological experience of Grace has many, many aspects virtually all of which address the resolution of dualistic conflicts and enable the full expression of grace whose signature is thirdness, unity-greater oneness-wholeness and process-continuousness.
Full awareness of the concept of grace/experience of graciousness is important not only as a resolution of our deepest economic and monetary problems, but because understanding and experiencing it is the universal solvent for any problem. Yes, that’s a big statement, but I stand by it.
The study of wisdom and grace is actually the ultimate scientific study. Science like grace is a trinity-unity-oneness process with its hypothesis and dualistic determination of truthfulness or falsity regarding only what science considers the physical universe. Wisdom is all of that plus the integration of consciousness-self awareness as well, or as I like to metaphorically state it:
Science, like food, is a wonderful, beautiful and necessary thing, and it resides entirely within the digestive tract of Wisdom and its pinnacle concept Grace.
Why do all of the cutting edge reforms/reformers above need to integrate their efforts with Wisdomics-Gracenomics, and why would the failure to do so be an unethical act of omission?
Basically because they all correctly deal with less penetrative aspects of the problem. In other words they are heading in the right direction we need to go, but they haven’t yet fully recognized the new paradigm and the resolving philosophical concept behind it….and that is what Wisdomics-Gracenomics has discovered along with the two basic policies and their aligned regulations that will best saturate the economy with the new paradigm.
What will occur if the reformers do not integrate with Wisdomics-Gracenomics is either only slight reform, no reform at all or even regression due to old wrong direction orthodoxies lingering. Even if slight reform occurs it will be a mere palliative of the deeper paradigmatic problem, and I would assert that settling for a palliative when an actual solution to the end of the domination of Finance’s monopolistic paradigms is available….is not an ethical action, but rather an unethical act of omission.
Why is a New Paradigm so powerful?
Paradigms are generally held ideas and/or patterns that people have awareness of to one degree or another. Hence one of the component parts of a paradigm is consciousness itself, and a paradigm change is an increase in conscious awareness of truth(s) and workabilities in whatever body of knowledge the new paradigm is applied to, in this instance economics, money and payment systems.
Historically everything adapts to a new paradigm…not the other way around. The reason for this is that a new paradigm is such an obvious advance because it resolves long time problems. Also, in the instance of a new monetary and economic paradigm, the tremendous amount of time, effort, stress and human attention taken up by seeking economic and monetary security, especially as difficult economic times from the crisis in 2008 linger and disruptive economic forces like AI continue to increase….will be checked and an increase in the positive activities of leisure and positive and constructive personal purpose (leisure time is self chosen directed activity not idleness) will be increased.
Finally, the broader the area of application of a new paradigm the more inclusive and powerful its effects are. In other words if a paradigm is in philosophy or even in spirituality its effects could actually be planetary or cosmic.
What other integrative political and economic benefits will occur with the implementation of the policies of Wisdomics-Gracenomics?
More of the agendas of both the republican and democratic parties would be accomplished with the policies of Wisdomics-Gracenomics. For instance:
Democratic Party:
much greater economic democracy and the elimination of poverty with a relatively abundant universal dividend
increased competitiveness of small to medium sized businesses with the corporatocracy, and much greater likelihood of their profitability and longevity via both the dividend and discount policies
Republican Party:
much greater economic stability and an almost perpetually good investment climate via both the dividend and discount policies
with a sufficient dividend the ability to eliminate taxes paid by both individuals and businesses for welfare, unemployment insurance and quite quickly even for social security
As the new monetary and economic paradigm is directly distributive instead of re-distributive income taxes could also be mostly or completely eliminated, and with the discount policy integrating price deflation into the economy there would obviously not be any problem with inflation as a result
With such taxation becoming redundant and unnecessary not only would people’s paychecks be larger, but businesses would be able to save their contributions to such taxes
finally, the bureaucracies associated with these taxes (Social Security, Welfare, Unemployment Insurance and a drastic reduction in the size and scope of the IRS) could be virtually eliminated Grover Norquist, are you listening?
Posted To RWER Blog 02/11/2018
Me: It’s correct that perfectionism and absolutism is flawed. Even paradigm changes require regulation and lead on to further discoveries and eventually new changes. The trick is to see the paradigm as the singular concept that along with its logically aligned policies resolves, changes and advances everything in the current pattern beneficially. That is what clarifies, unifies and focuses such change as history testifies to.
Me: @Rob Reno
“What kind of ethical moment does it take to put a human face in disruption?”
One that recognizes that money is the means of freedom in a monetary economy and that has discovered the singular time and place where the micro-economy integrates and aggregates with the macro-economy for any and all agents….and then initiating monetary policy at that point…and any necessary regulation that aligns with that freeing policy.
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Regarding the Post
The Semantics of Mathematical Equilibrium Theory
Me: With the new paradigm and policies of Direct and Reciprocal Monetary Gifting the problem of the continual build up of both government and private debt is resolved by inverting the inherent scarcity ratio of total individual incomes to total costs and so prices. This ratio enforces the systemic necessity to continually borrow in order to prevent recession or worse. Inverting and transforming the ratio to an abundance of individual incomes to costs/prices with a lifelong universal dividend and preventing inflation with a 50% discount/rebate at the point of retail sale where price inflation is terminally expressed and a few aligned regulations to markets…..implements the new paradigm. It’s elegant, simple and insightful…just like every other paradigm change has been when people look at it and actually see it.
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Me: Here are two conceptual mathematical formulas based upon the Fibonacci sequence:
[ (monetary economy + private monopoly on credit creation) = enforced systemic monetary austerity, necessity to continually borrow and ever increasing power of the business model of Finance ]
[ (integration of policies of monetary gifting into digital money system + aligned regulations) = prosperous free flowingness of the new paradigm ]
Paradigms are single transformative concepts that fit seamlessly within a current framework and resolve the current paradigms most “intractable” problems. You can figure-figure-figure on data and theory and never perceive it, and, like now, all cutting edge reformers can suggest piecemeal but philosophically aligned policies to it and still not accomplish the holistic conceptual leap that consciously identifies it.
Ethics, Refined Ethics: An Essential For Any Human System
If you know that you as a sensitive and aware being are real, then you must also acknowledge that everyone else is the same. This is the human condition. We are aware of right and wrong, i.e. morals and of all of the shades of grey that the complexities of life present to us, i.e. ethics. And it doesn’t matter whether you consider morals and ethics to be transcendental or completely natural. Our awareness of right and wrong exists.
If you are human you also must accept that there is no such thing, while we are here in the temporal universe, as total freedom. There is only freedom amongst known ethical barriers. This is what I refer to as the beatific chains of ethics because acceptance of that fact not only grounds you personally, it also makes you strong morally. In other words you grant that there is no acceptance, no tolerating a system or relationship that is anti-socially dominating and manipulative.
The money system is completely controlled in its own self interest by private finance. This in turn enables them to dominate every other business model and probably 96-97% of the general populace. Private Finance’s paradigm of Debt Only enforces its domination. It also enforces the tawdry and dominating ethic of profit ONLY. The ONLYNESS of these ethic can no longer be tolerated. A truly human and humane economic system considers the individual person and the individual enterprise first, last and always and creates an equitable association between them.
The highest ethic humans can aspire to is Grace-graciousness. You can call it satori, atonement or samadhi it matters not. In the west we call it grace. Grace is the new monetary and economic ethic. Grace as in Gifting. Grace as in sovereign but benevolent power. Grace as in understanding and Wisdom. Grace as in abundance. Grace as in tolerance of others’ opinions. Grace as in the wisdom of discernment of the truths in apparently opposing viewpoints…and the ability to integrate those truths while deleting their separate or mutual untruths, unworkabilities, inapplicabilities and lesser ethical considerations.
Grace is the new monetary and economic ethic and Monetary Gifting is the new monetary and economic paradigm.
Posted To RWER Blog 02/08/2018
JK: The type of manipulation I’ve focused on I often refer to as the “collectivist scheme.” By this I am referring to the efforts certain groups make to improve their purchasing power in the marketplace by arranging for all the members of the group to experience an increase in the number of disposable dollars/pounds/etc. that each will have at hiser disposable.
Prime example: the machination we just saw a Republican Congress execute a short while ago when they legislated big tax cuts for rich people. Another example would be Craig’s gifting idea.
Me: Supply and Demand models are not valid or reliable ones. The mark up model is much more reliable and a ubiquitously applied discount/rebate policy of sufficient percentage (50% or higher) would make the mark up model reality. The new paradigm would make economic vices, vices instead of shaky macro-economic theory, and economic virtues, virtues instead of financialized legerdemain that makes the economy a process of drawn out drowning rather than a legitimate system of orbital free flow.
After all systems were made for man, not man for systems. Wouldn’t you agree?
How Could Any Business Justify Raising Their Current Prices…
…if they were able to completely cut all of their transfer tax costs and most or all of their income tax costs as well???
Such elimination of costs is what a sufficiently abundant universal dividend and a sufficiently high discount/rebate percentage policy at the point of retail sale….will enable.
The dual policies of a universal dividend and a 50% discount/rebate at the point of retail sale are the key to enabling Steve Keen’s disequilibrium theories, MMT, Public Banking, QE for the People, Americans For Tax Reform and every other monetary and economic reform to unify and finally stabilize the economy in a way that benefits all agents commercial and individual.
Look At It
Any model that rejects the two policies of a universal dividend and a 50% discount/rebate at the point of retail sale consciously or unconsciously refuses to cut the Gordian Knot that holds in place the tug of war between necessary injection of additional credit into the economy and price inflation. And any model that entitles the dominating and monopolistic paradigm of Debt Only to continue is a sop to Cerberus/Finance.
Cont. Posted To RWER Blog Paradigm Changes
Me: So what does everyone think is/might be the new paradigm in economics? I’ve gone on record as Monetary Gifting being my assertion. C’mon give it a try, take a chance.
And by the way IMO fully recognizing the significance of retail sale as the point to implement monetary policy in the new economic paradigm is the telescope, the ellipse and cultivation of the ground type discovery that always attends, enlightens and confirms a genuine paradigm change.
RR: Thanks, but we will have to agree to disagree. You seem to be stuck on the Kuhn paradigm and not realize that the field of the history of science continues to grow. New theories are displaced in more than one way, depending on many factors, rather than following some archetypal mold. Alfred Wegener had a perfectly good theory while the old one was failing an multiple points. Nevertheless it was flatly rejected by American scientists not because Wegener’s “theory” was wrong (they never gave it an honest hearing in America from the start, except for a few) but rather because of methodological and cultural reasons. It doesn’t take a theory to beat a theory, for theories can fail miserably before a new theory emerges, and even if one is present it can be rejected because scientists are not automatons, but human beings, and science doesn’t take place in vacuum but in specific social context.
Me: RR,
One thing that greatly clarifies even paradigms is considering the ascending scale of mental activity/epistemological awareness. We are not only approaching the necessity of a new economic and monetary paradigm, but a new zeitgeist as well. Here is that scale and the corresponding mental activity from top to bottom:
zeitgeist/ethic – self actualized knowingness
paradigm – looking in order to know while integrating both holistic and reductionistic mental modes of thought
philosophy – combining and aligning ideas
theory – combining and aligning data and factors
data – a kind of figure, figure on separate facts
This scale can also be looked at as concentric circles of mindsets with data the first such circle.
DT: Isn’t this what Steve Keen is doing at a more technical level with his ‘Minsky’ simulations?
KZ: DT, a proviso I suggest be added to your description is that scenario alternatives to Minsky need to be considered in the planning.
Me: Steve Keen is my choice of probably the best economist on the planet. Maybe co-equal with Michael Hudson. However, his Minsky software is basically “epicycle” research because it resides virtually entirely within the current paradigm of Debt Only. Yes, DSGE/Neo-classical Economics ignore/deny money, banks and debt…but factoring them correctly into theory…isn’t sufficient, and neither is one-off actions like “a modern debt jubilee”. It’s reform, it’s palliation of the actual problem, it is still hypnotization by the current paradigm. Minsky was right that modern economies are financially unstable. So how do we actually stabilize it?
Keen correctly states that whenever the rate of credit creation dips the economy will quite soon go into recession….unless (he thinks) the government injects more money and/or credit into the economy. This is basically new Keynesianism, MMT, his modern debt jubilee one-off and maybe a little QE for the People thrown in. That’s good. It’s better than the present enforced austerity and it looks some of the policies of the new paradigm straight in the face…..but it still doesn’t actually recognize the new paradigm, how it can be implemented so as to saturate the economy as the current paradigm of Debt Only has done and so replace its primacy and dominance. And because it’s only a reform instead of the paradigm change that has been needed for the last 150-200 years if not the last 5000….it will inevitably get morphed back into a tweaked DSGE/Neo-classical economics or worse just like what happened to the reform of Keynesianism….as Keen and every other heterodox economist is happy to point out.
Find the new paradigm and boldly go with it. Don’t Escape From Freedom. (Erich Fromm) Expand your mind, re-integrate your life….and enjoy!
The Age of the Increase of Data and Decline and Degradation of Cognition
That’s what we live in. Perception has become dulled and deadened and science and technology as useful as they have been and still are have served more to clutter, distract, abstract and inhibit the genuine experience of the moment which is the proper and pure integration point of consciousness itself and the incredibly complex and beautiful physical environment.
Our task must be the conscious re-integration and practice of both science and self awareness/consciousness raising in the present moment.
Steve Hummel 0203/2018
Social Credit/Wisdomics/Gracenomics/ Gracientialism 