the monopolistic dominance, financial instability and enforced individual austerity caused by the current monetary paradigm of Debt Only it’s just a straightforward rational process of reversing such enslavement that breaks up that monopoly with policies of Monetary Gifting strategically implemented at the point of retail sale.

As there is no end to history and men are not altogether rational or well intended beings you will also want to implement further policy and regulation throughout the system to encourage the ethic upon which Monetary Gifting is based, that is grace-graciousness, and where necessary sovereignly using taxation for its only legitimate purpose, i.e. the discouragement of personal and commercial vice.

Policy is the epitome of temporal universe reality and relevance.

If Steve Keen says that modern capitalist economies are demand constrained, Michael Hudson says (correctly) that Finance is a huge and ever growing parasite on the actually productive economy and I say that the deepest problem of all is the curiously contradictory and monopolistic paradigm of Debt Only that the business model of private finance currently dominates everyone and every other business model with…..then why are the twin policies of a universal dividend and a 50% discount/rebate at the point of retail sale that immediately double everyone’s potential purchasing power and thus also potentially double the amount of money available in the economy to purchase its production….not what we all are banging up against the walls of the Bastille with and demanding that our pols implement?????

Can anyone give me a better example of that much RELEVANT AND BENEFICIAL temporal universe policy change for the individual, all commercial agents and the entire system???

Private finance is not a legitimate economic business model. It is also inevitably ethically problematic and contrary to the truth that individuals and systems must be hierarchically guided and directed by the highest of ethical concepts rather than by mere reason and/or self interest.

Public finance resolves the hierarchical aspect of that problem, but is as inevitably problematic as its private variety unless it is based on such high ethical concept and aligned policies.

Chaos has been confused with freedom in economic theory for at least the last 150 years.

There is no discerning an actual ethic in the midst of chaos, unless and until a stable datum is established upon which it and policies can be aligned.

…that retail sale is the terminal ending point of the entire legitimate economic process, the terminal summing point of all costs for every product or service in the economy and that double entry bookkeeping, the money system and the pricing system are all digital, that is, equal plus and minus entries sum to 0….enables a paradigm change in economics and changes the effects of monetary policy from indirect to direct, from inflationary to deflationary, from unstable to as stable as the temporal universe enables, from ineffective to effective, from illegitimate to legitimate, from individually and commercially enslaving  to individually, commercially and systemically freeing and from hopelessly and problematically privately administered to discerningly,  graciously and ethically publicly guided.

Paradigm changes are always marked by such inversions, transformations and great and stable progressions as well as new discoveries, insights and/or tools that enlighten.

The stable datum of retail sale is the rock upon which the complexity and seeming unresolvability of the problems of the current paradigm will dissipate and regenerate as the new paradigm thus making it the telescope and ellipse of economic theory.

…are so scientifically careful that they’re no paradigmatic good.

…even the leading edge ones are paradigm dunces. They’re all very smart, but they lack scholarly and historical knowledge of paradigms and insight into the signatures of new ones. They also lack the peculiar combination of mentally integrative skills for paradigm perception, that is, the ability to think reductionistically and holistically at the same time.

A paradigm is a single concept that describes an entire new pattern, hence it requires one to find the single correct mental concept  and expression of the new paradigm (reduction) and simultaneously see how and why its policies fit within and resolve the chronic problems and dualistic conflicts of the old paradigm to the point of thirdness and greater oneness of understanding (wholistic pattern thinking) . Thirdness greater oneness by the way has always been not only the signature of true paradigm change, but also the signature of wisdom, and not coincidentally the very process of wisdom and its attainment is the thorough integration of the truths in opposing perspectives that results in thirdness greater oneness.

The mental skills of paradigm perception and wisdom are essentially the same (wisdom includes the mental skills of science and the scientific method), and a thorough knowledge and understanding of the non-dogmatic insights of the world’s major wisdom traditions is hence a great boon to paradigm perception. For instance the concept of trinity, i.e. the thorough integration of a duality within and/or resulting in an integrative thirdness greater oneness is seen not only throughout the world’s wisdom traditions, but throughout nature, mathematics, the scientific method, logic and the concept of process/the cycle of action of the temporal universe.

[(truth x opposing truth) <–> thirdness discernment of greater oneness of truth] Wisdom

[ (symmetrical sides of a leaf) <–> the stem from which they both arose ]

[ (1 + 2) = 3 ], [ (2 + 3) = 5 ], [ (3 + 5) = 8 ]  Fibonacci Sequence

[ hypothesis <–>  (dualistic/reductionistic process of truth determination) ] The scientific method

[ (thesis x antithesis <–> synthesis ]  Hegelian dialectic

[ (start x change) <–> stop) concept of process/the cycle of action of the temporal universe enforced upon all systems and processes therein

Me:  You’re actually quite correct. As David Graeber has reminded us we have been plagued by the cultural story and monetary paradigm of Debt Only for at least the last 5000 years. It has been the primary and underlying factor upon which virtually every great civilization has collapsed. Palliating the paradigm with reforms, new theories and even philosophical tweaking can extend the life of a civilization, but a paradigm/pattern being the deepest, most subtle and hypnotic level of culture and new paradigm perception the most enlightening if for no other reason than the fact that it is a new consciousness that is a component part of a paradigm, its perception makes reforms, new theories and philosophical tweakings mere epicycles.

The “trick” to paradigm perception is understanding that the signature of all new paradigms is that they are conceptually oppositional in a significant way that resolves chronic old paradigm problems. Iconclasm alone for all of its virtues is unfortunately not much help as paradigm perception requires both reductionistic thinking to decipher the single concept that describes the new paradigm (like agriculture or helio-centrism) and also simultaneously holistic thinking in seeing how the single concept fits seamlessly within a whole new pattern.

SK:  I deleted your last comment. I will tolerate you on this site so long as you don’t get into your previous habit of burying my sites in comments on your own comments. Don’t do it again

Me:  I accidentally hit return. Couldn’t you see that it was a single comment and the thought was left hanging in mid air? Hence the second entry. Look, I’ve always praised your work, but if you’re really interested in progress that won’t be warped back into a lesser ideology like Keynesianism was by the neo-classical “synthesis” then you’ll seriously consider my hypothesis that paradigm perception is a mental mode inclusive of and greater than science and mathematics alone, because the history of paradigm changes is that everything in the area of human endeavor that the new paradigm applies to…adapts to IT, not the other way around. Hence, any reform, any theory is actually merely a palliative of the old paradigm and are also only partially conscious of the single concept that enlightens and is the new paradigm. The fact that all of the policy ideas and critiques of leading edge theorists like yourself, Michael Hudson and MMTers align with anti-austerity, financial instability and demand constrained modern economies and also align with the new paradigm of Monetary Gifting….and yet they are not fully conscious of that concept and how it can be integrated policy wise into modern economies. Social Crediters have carried forward that knowledge ever since Douglas died in the fifties and yet because they were afflicted with General Equilibrium theory never saw its full paradigmatic power either. I have innovated their policies and recognized other structural necessities they clung to but that must also be changed so that the impediments to the implementation of the new paradigm are finally put aside. I told you 4-5 years ago that Douglas was the first monetary and financial instability theorist pre-dating Minsky by almost 30 years. Now innovated and aligned by me with dynamic policies of a higher abundant monetary disequilibrium they express the new paradigm of Monetary Gifting.

SK:  Steve, regardless of whether your Monetary Gifting ideas are sensible or nonsense, you have the worst case of verbal diarrhoea I have ever encountered, which makes you a lousy communicator of your own ideas. And you overwhelm discussion by others and drive them away. I am not going to tolerate that again. I can, if I wish, block you with one click on Patreon, whether or not you are supporting me (which, as we both know, you currently are not). My last comment was a warning to restrain your input, or I will block you.

Me:  Yes, well thanks for the unsolicited insults and invalidations. I suggest you study the signatures of paradigm changes (conceptual opposition to the current paradigm, inversion and transformation of effect of a problematic duality or ratio and a new tool or insight that enables the new paradigm’s temporal universe implementation). You’ll see that Monetary Gifting and its policies fulfill all of these and not coincidentally align with and extend your own and other’s heterodox thinking as well.

It will aid you to truly see the big picture that is a genuine paradigm change and help you graduate to solutions and real progress as opposed to palliatives, ad hoc reforms and new theories that are actually epicycles still residing within the old paradigm.

Creeping authoritarianism has always been the the deadliest and most common vice to fall into because it binds together unintegrated moral outrage and intolerance. On the other hand wisdom integrates tolerance and morality into the thirdness-oneness known as grace.

Science like food is beautiful, wonderful, delicious and necessary, and it resides entirely within the digestive tract of wisdom.

Science is looking. Wisdom is knowing. As Steve Keen, Michael Hudson and other economists have shown science is often a pretense for orthodoxy that can delude and prevent thorough looking. Thorough looking is a precursor of discovery and scientific breakthrough which leads to cognition, i.e. realization of a new and fuller truth and its significance for the first time, in other words wisdom.

…hyper-inflation rarely occurs, and that even when temporal circumstances (war, destruction of productive potential, very high indebtedness and the political and/or financial desire to end that indebtedness) are set up to have hyperinflation the only way it can actually occur is the central bank is compliant with speculators who leverage up and short the currency. Hence the only way to insure that hyperinflation will not occur is to have complete control of the central bank by the government and the government declare that any such speculative move on the currency will be considered “null and void”.

Of course there are obvious problems with money creation whether it is private or public so the only way to insure that the economy is stable and the money system serves the individual and commercial agents is to base the money system on an unimpeachable value like guaranteed freedom. As debt is inherently bondage and the economy is monetary in nature, that means that money administered in sufficient amounts and in such a way (directly to the individual and reciprocally back to enterprise) that it not only prevents the continuous build up of debt, but increasingly reduces the need for creation of new debt, is the answer.

And this is accomplished by the various policies, regulations, insights and structural changes of Wisdomics-Giftonomics and its paradigm of Monetary Gifting.