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Hence we have most people and most economists unaware that the old/current monetary paradigm is the key problem, and even fewer of these have any idea of what the new paradigm might be.

Hence virtually all thinking and reformist policy suggestions are reduced to “epicycles” that haplessly and unresolvingly chip away at the edges or at best at the granitic heart of the problem. In this case the monopolistic, dominating and increasingly inhumane monetary paradigm of Debt Only.

With Wisdomics-Giftonomics I present a new vision of a new monetary paradigm and a new economic paradigm as well. A new paradigm not only changes everything in the area in which it is relevant and applied to, it changes everything deeply. In fact it transforms the entire area it is applied to. This is the nature and the history of genuine paradigm changes.

….and every other personal and economic vice and virtue.

….I’ve discovered and visualized the solution.

If you made everyone relatively independently wealthy with a sufficient universal dividend and not only prevented inflation but integrated price deflation into the economy with a 50% discount at the point of retail sale you’d so stabilize the consumer economy that no one used to the frantic, austere, torn three ways from the middle mess we’ve endured for ages would recognize. And if you ended private Finance’s ability to create credit/money by making it just another retail enterprise and gave that responsibility to a central monetary authority with the above specifically mandated policies and used government to tax economic vices and mortal sins like rentiering, leveraged speculation on stocks and real estate and reward economic virtues, then the entire economy would reach orbital free fall/free flow.

So let us end the monopolistic paradigm of Debt Only, end the tyrannically conflicted muddle of numbers that keeps the abundant productivity we are capable of from flowing to everyone and cut the Gordian Knot that prevents the integration of micro and macro economics…..with Wisdomics-Giftonomics.

Steve Hummel 01/06/2018

The past several years I have posted to Steve Keen’s Debt Watch website, briefly his twitter feed, his youtube channel videos and his Patreon page.  Rarely has he responded to me even though I agree with virtually everything he has said on a theoretical level and suggested at least several times that his work is deserving of a Nobel Prize. For this he has banned me on each of these sites except Patreon and has threatened to do so there as well calling me impulsive and castigating me for multiple posts….which again, he has only replied to maybe 3 times so I have no alternative but to post multiple times. That plus sometimes making a point and succeeding points requires multiple posts. (Shrugs)

The real problem Keen has with me is that he is talking about a new theory while I have learned from his theoretics and leapfrogged both it and philosophy to the level of paradigm perception and its applications.  Keen has often said that economics needs a new philosophy, a reformation and a Copernican paradigm change, but apparently doesn’t care to hear about such from someone coming from those perspectives, not even someone who agrees with his theoretics and is trying to show him how they can be extended and expanded by philosophy and focused and vastly progressed by a paradigm change.

I have learned a lot about economics from Dr. Keen. His de-bunking of neo-liberal economics and DSGE is brilliant. However, he apparently doesn’t have the mindset skills for paradigm perception the possessors of which historically have run afoul of even leading edge theoreticians and pedants. A new paradigm is a new unifying concept and pattern that saturates the old paradigm-pattern and replaces its primacy while resolving the deepest and most longstanding problems festering there. That’s where I come from, and that’s why Keen’s problem with me is the problematic historical phenomenon of the student surpassing the professor.

Discerning the truths in opposing perspectives and then integrating only those truths is the very process of wisdom and its gain, and anything less than that falls away toward having what everyone has without wisdom which is an asshole and an opinion.

Steve Hummel 01/05/2018

The new monetary paradigm of Direct and Reciprocal Monetary Gifting.

The new economic paradigm of Integral Business Model Inclusion Within Retail Sale.

And the concept behind both of these paradigms themselves and consequently the new monetary and economic zeitgeist/Ethic of the Age….Grace/graciousness.

A theory is a complex of ideas about a particular area of concern or body of knowledge.

A philosophy is an even larger complex of ideas and concepts including the ethical considerations about a theory.

A paradigm is a single concept that defines, mentally saturates and influences and guides everything in a theory, an area of concern, body of knowledge and of individuals’ minds.

A theory analyzes  ideas and their objective truthfulness.

A philosophy analyzes the ideas in a theory plus even more ideas and their ethical/rationally moral truthfulness.

A new paradigm is a new cognition (new first time recognition) of a concept that analyzes the single deepest, most relevant and influential concept of any theory and/or philosophy under consideration and how it influences everything in them. Hence a new paradigm is a unifying and power focusing  analysis of that single concept that, identified, enables aligned thought and policy to change and even transform everything in the body of knowledge/area of human endeavor it is applied to.

The only thing higher and more influential than a new paradigm is the concept behind even the new paradigm which would be a new zeitgeist/new ethic for the age…and I have also discovered that concept.

SK:  Steve, I have blocked you on all other social forums because you proved unable to control your impulse to post multiple times on one topic, frequently replying to yourself rather than anyone else. You drove other participants away with this practice. I have tolerated you here on Patreon because, until today, you hadn’t done that. Do it again and I will block you from here.

Me:  Okay. It might be a little easier to do that if you’d address what I say. For instance, macro-economics is about aggregates. The point of retail sale is the terminal end of the entire micro-foundational economic process and also the aggregative total of all costs and prices for any item or service. Hence it’s an integrative point for both macro and micro economics, and for a pivotal monetary and economic policy like a 50% discount/rebate at the point of retail sale. Unfortunately none of neo-classical, Austrian or heterodox macro economists see this because the first two are deluded by DSGE and hence see no systemic need for additional individual purchasing power and the heterodox have written off microfoundations altogether as an area for insight. However, simply looking at the point and effect of such a policy enables one to see that a 50% discount/rebate doubles everyone’s purchasing power, completely eliminates any possibility of consumer price inflation and almost magically integrates the Austrian dream of price deflation painlessly and beneficially into profit making systems….and by the way breaks up Finance’s monopolistic paradigm of Debt Only as a kicker. This would stabilize the consumer economy like no other policy suggested by pols or econs on the left and right since forever, and if we made Banking/Finance a retail business model instead of the monstrously dominating money creating one it has been for the last 5000 years…humanity might get somewhere other than the muddle of the paradigm of Debt Only, and the failed experiment of homo economicus.

The linking of the monetary policy of a rebated discount directly to the point of retail sale ends the tyrannical obsession with numbers, balancing budgets, austerity and the fear of consumer price inflation that has characterized fiscal and monetary policy since macro-economics inception after the Great Depression. Technically you could make the 50% discount 99% and it would virtually eliminate the need for anyone to borrow for a consumer product or service especially for big ticket items. It shows the power of crafting monetary policy that is perfectly aligned with the new paradigm to the most important and strategic point in the economy.

The new paradigm policy of a sufficient universal monthly dividend could also end the need for all transfer taxes, most if not all income taxes and both of their respective bureaucracies because who needs re-distributive taxation when you’re getting for or five times what you’d get as welfare every month with a universal dividend even if you didn’t do a lick, and a whole lot more if you also were employed? And again, with the discount/rebate policy there is no chance of having price inflation.

Here’s one of the most important things the new paradigm would bring: Freedom from bullshit employment and the opportunity, time and resources to find your own self chosen purposes in addition to employment or without it.  Of course you’d also have to find someone or something else besides the government and the power behind government, namely finance and its monopolistic paradigm or Debt Only, to blame for the problems of abundance. Yes, horrors, personal responsibility will still be your deepest individual problem, but life is long and with a cooperative effort by the helping professions, the clergy and the government with public service campaigns to help alert everyone to and choose the multitude of purposes other than or in addition to employment one’s mental health will undoubtedly be much greater than now where hope, faith as in confidence, love and graciousness as in love in action are indeed scarce personal commodities due to the stress, time and futility taken up by trying to find economic security in a system increasingly unstable and unable to provide such.

New paradigms. They’re always tremendously obvious progress in the areas they take place in. All you have to do is look at them…until you see them.