With a sufficient universal dividend and a 50% discount-rebate policy there would be absolutely no reason to worry about unemployment as we re-industrialized the nation in the most modern, efficient, innovative and ecologically sane fashion possible. If we imported much less because we produced domestically, how stable and integral could the economy be? Answer: Incredibly more so. The same of course would be the result for every other advanced economy, and less advanced ones could develop much faster with the same policies while fitting the size and percentage rate of the above two policies as the job quickly progressed.

The two policies of Wisdomics-Giftonomics and the rates of each have so many positive “knock-on” effects its amazing everyone isn’t on its bandwagon.

Awakening from the hypnotism of the monopolistic private financial paradigm of Debt Only with the 50% Discount-Rebate policy at the point of retail sale.

….and the price of consumption/possession at retail sale is 99.9% of economics and 100% of policy and its effects for the individual, the commercial agent and the entire system.

Steve Hummel  01/17/2018

#1  It’s the place where the purpose of any modern enterprise is expressed, i.e. a sale.

#2  It is the terminal summing point of all costs for any item or service (with the exceptions of it being a loss leader or an already discounted item all of which are an extremely small number of full retail prices and which the discount-rebate policy applies to at any rate anyway)

#3)  It is hence the single aggregative point and aggregative statistic in the micro-economy.

#4)  Hence it is the single integrative point between the micro and macro economies.

#5)  Hence it is the perfect place to implement the digitally seamless monetary policy of a significant discount to retail prices that is reciprocally rebated back to the merchants who gave the discount to their consumers/customers.

#6)  As the current monopolistic monetary creation paradigm of Debt/Loan Only does not allow any assist for consumption the discount-rebate policy breaks up that paradigm and is hence the new such monetary creation paradigm and its very expression of Individual, Commercial and Systemic Direct and Reciprocal Monetary Gifting.

Conservative and Libertarian economic orthodoxy believes general equilibrium theory to be true…even though it is actually thoroughly false. Liberal orthodoxy thinks general equilibrium theory is false, but it has fallen for the current ruling economic orthodoxy of neo-liberalism which is largely “a distinction without a difference” to general equilibrium theory and the merest of a palliative by comparison to Wisdomics-Giftonomics and its new monetary and economic paradigm insights.

In order to actually and fully understand Wisdomics-Giftonomics you have to not only overcome monetary and economic orthodoxy, but scientific orthodoxy which ignores/generally dismisses the role of consciousness and its aspects also known as the holistic mental discipline of Wisdom. This despite the signature of scientific breakthrough being the integration of the scientific method and an aspect or aspects of consciousness like imagination-visualization, intuition, discernment and integration-resolution of opposites (which is the very process of Wisdom itself) etc. etc.

Finally and especially, if in this case you are a theorist and/or reformer in economics, banking and money, you have to overcome the ego laden minefield of having your pet and/or partially true theory/reform being surpassed by larger, broader and deeper concepts like Wisdom and paradigms and their perception….by other thinkers.

…they all align philosophically, and retail sale is the correct and most significant point to implement policies that reflect such philosophy.

Furthermore, the individual consumes at that exact same point as does the individual commercial agent make their final and hopefully ultimately profitable offer….and if cumulatively not they are failing.

Hence, it is the most vitally important point for the individual, for enterprise and for the system of which the individual and individual enterprise are the component parts.

If the system, for a variety of economically valid and integral reasons, generates as a flow more costs than it generates individual income, then a means of distributing additional incomes without generating further costs must be created as policy. Furthermore, as a mere statistical equilibrium is inadequate for flow in a dynamic temporal system that demands both flow and adherence to the laws of the temporal universe within which it is utterly embedded, then the flow of the ratio of more total costs to total individual incomes….must be inverted and made to be an income abundance ratio instead of one of scarcity. Finally, any policy to accomplish this must be wise enough to make that ratio sufficiently abundant to insure free flowingness to the economy, and also enough that no enterprise  no matter how large and profitable can resist participating in such policy.

And anyone or any entity that balks at having such policy be less than 50% or attempts to “water down” such policy, either consciously or unconsciously prefers the monopoly on credit creation and the paradigm of Debt Only that Finance currently dominates with.

Steve Keen’s Disequilbrium/Minsky Financial Instability Hypothesis is anti-austerity and for ” a modern debt jubilee” which is a one off example of Systemic and Individual Monetary Gifting. He also recognizes Debt Deflation as a reality and has re-discovered that the rate of flow of total debt must continue to rise or the economy goes into a recession or worse. I’m not sure he recognizes that such discovery means Finance’s current monopolistic paradigm of Debt Only means the system requires the new systemic monetary paradigm. He also does not recognize that endogenous private money creation, while being a present systemic truth, is an impossibly unworkable condition and must be changed so that all new credit creation must be by a public exogenous source.

MMT is anti-austerity.  It is also for increased government spending which is a form of, and aligns with Systemic and Individual Monetary Gifting.  It focuses primarily on government debt and government spending so it misses/neglects the larger problem of private debt. Their policy of a job guarantee coupled with many of their adherent’s insistence that a universal dividend is a wrong policy does not align with Systemic and Individual Monetary Gifting and such objection to a dividend must be jettisoned.  This does not mean that a government sponsored job guarantee could not be an aligned policy within the new paradigm. It most certainly could be.

Michael Hudson’s Financial Parasitism theories are correct and align with the necessity of creating and implementing a new monetary and financial paradigm. They also expose the exogenous nature of Private Finance’s monopolistic paradigm and how it dominates and manipulates the entirety of the economy and of the political system as well.

QE For The People, Positive Money and UBI embrace individual monetary gifting, but generally they miss the mark on the means by which it would be financed.

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None of the above are fully conscious of the integrative and aggregative point in the economy where monetary policy must be implemented, that is retail sale. Nor are they aware of the policy that only Wisdomics-Giftonomics advocates be implemented at that point, and which in fact is the very expression of the new paradigm itself.

And that is the 50% Retail Sale Discount-Rebate policy. 

Hence all of these reforms/reformers need to align themselves with Wisdomics-Giftonomics because it is fully conscious of the new paradigm, all of its essential policies and the urgent necessity of its implementation/integration into the economy.

A paradigm change positively effects every individual, every economic agent and the entire system. That is its historical and mental nature.

Ego, insistence on palliatives or partial reforms do not align with the new paradigm and are actually unethical acts when an actual solution/new paradigm exists.

Find a stable datum…and craft and align policy around it.

The stable datum in this case is the answer to the question: Where is consumer price inflation terminally summed? Answer:  The point and time of retail sale.

And the policy?  A 50% Discount-Rebate at the point of retail sale.

The North Star and The Point of Retail Sale.

All solutions and new paradigms are simple, elegant and single concepts that both create and fit seamlessly into an entire new pattern.

And no matter how smart you are about the details of mere economics and money systems, if you don’t consciously see the new paradigm and its singular policy expression…you ain’t all that smart after all.

Be smart. Pay attention to a paradigm perceiver first, last and always…because he/she knows the difference between mere economics…and economic Wisdom.

https://www.patreon.com/user?u=4749561

charles3000:  I would suggest China’s growth has been enabled by coping the monetary system used in the US during the WWII years. We had a very prosperous economy then and it was NOT because of the war; it was because of national policies and the monetary used at that time. The RFC was the center of the methods used. China now has three banks equivalent to the RFC. We lost our economic bearing and China copied what worked for us.

Me:  charles3000

You’re quite right that this is what China has done, however even with “Chinese characteristics” monetarily they still are operating solely within the paradigm of Debt Only and with technological innovation and AI that will eventually trip them up. The Chinese are deathly afraid of ethnic destabilization and well they should be, and we should also fear the disintegrative spiral we are entering because we won’t integrate monetary gifting into the debt based monetary system and the digital pricing system. The way to make the xenophobes, the secessionist government phobes and the habitually unhappy no matter what types….is make the system serve them instead of having to slavishly serve it and its systemic monetary paradigm of Debt Only. And even the Chinese will have to confront that eventually.