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.

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

Thank you for considering being a patron for bringing the new monetary and economic paradigm of Gifting into being in this nation and hopefully the world.

Come create with me a new freeing paradigm in money and economics, an area of human endeavor that stress-fully takes up so much of our time and energy. A new paradigm whose implementation will better enable us to pivot from the failed and restrictive notion of humanity being homo economicus, merely economic man, toward fulfilling our true species designation of homo sapiens, that is, wise and discerning man.

The wonderful thing about a new paradigm is not only that it resolves the deepest and most long standing problems in its area, it also benefits everyone individually in that area. Hence a new monetary and economic paradigm is going to directly increase the money you and everyone else in the country have every month. It’s also going to make increased profits for nearly all businesses a much greater likelihood. That’s the very nature of a new paradigm, it unifies seeming opposites like self interest and the general good and increased profits and yet price deflation.  It also can turn around  an entire system or civilization from disintegration to higher and more beneficial integration, and take a listless and distracted populace and give it focused purpose and joyous meaning. And that is precisely what I want for everyone of my patrons and everyone else as well.

I have looked at all of the new economic theories and leading reform movements that have grown up since the great financial crisis in 2008. I discovered that they all were expressing an aspect or aspects of a prior theory that was a large movement before WW II. I studied and thought about this theory with the few remaining advocates of it, and applied certain insights I had gathered in Life from science, from my study of the world’s major wisdom traditions and from the study of paradigm changes themselves. From this process and from contemplating the philosophical concept behind the new paradigm itself I realized that certain innovations and extensions of the policies of the earlier theory would enable the new paradigm to be almost instantaneously saturated into the economy for the benefit of every individual and all enterprises participating in that policy.

Paradigm changes are tricky to perceive and to make more real to oneself because virtually everyone is habituated to the old paradigm and because the concept behind the paradigm is only understood in a fragmented way. Hence reformers may advocate a part of the solution that reflects the paradigm but miss its wider benefits and the deeper ways it can be applied to the area in which the new paradigm takes place.

So again I say, come create with me a new monetary and economic paradigm and the policies that align with it. Help me get it understood and implemented so we can break the dis-integrative spell that so many civilizations past have suffered through and then collapsed. Let us finally realize that economically even though weeping may endure for a night, joy cometh in the morning.

…to the fact that the country is becoming so socially and politically polarized and disintegrative that it’s not a stretch to imagine people covertly settling scores and descending into anarchy when the country is also awash in fire arms. Democrats need to be aware of the same thing of course, but the republicans had better take the high ground and soon by off loading Trump and his disintegrative administration, or the american electorate will banish them to the dust bin of history.

Austrian economics whose orthodoxy, not unlike neo-classical economics’ orthodoxy, would unintentionally make the world safe for international banking…nonetheless does have truth in it which if integrated with the particles of truth in neo-classicalism (and the deletion of their separate untruths) is the basis of a potential thirdness and greater oneness of theory. Of course on a hierarchy of mental integration/understanding a theory is below both a philosophy and the perception of paradigms both current and new.

Austrian obsession with deflation as an economic virtue is flawed considering that the continual build up of public and private debt service, even if at 0%, will eventually outstrip the ability to repay it, and Neo-classical delusion that money and debt are just “a veil over barter” is equally flawed. Why? Because A as total financial outlay will not pay for A + B as in total financial outlay + the additional costs of the continual build up of debt….which with the currently enforced monopolistic paradigm of Debt Only is the only option to try (and yet still fail) to keep the system stable. The A + B theorem of C. H. Douglas was the empirical cost accounting flip side to the Debt Deflation macro perspective which Dr. Keen has brilliantly re-discovered. Both Keen and Douglas (posthumously) are deserving of Noble prizes.

Douglas in fact was more perceptive of the problem and how to solve it with policy than was Keynes because Douglas’ policies would have broken up Finance’s monopolistic paradigm of Debt Only. Hence Keynesianism became the fall back position of Finance…and we see what happened to Keynesianism…all because the deeper paradigm changing path was not chosen.

So what is the solution? It’s a new monetary paradigm of Direct and Reciprocal Monetary Gifting and a new economic paradigm of Traditionally Productive Integral Economic Inclusion Within Retail Sale, and that means the business model of Finance must become a retail business model entirely within the traditional economic process that ends at retail sale instead of the post retail sale, parasitical, utterly self serving and dominating thing it has become. That means private banks’ endogenous money creation must end and our fiat money system must have the FED/National Credit Office be the ACTUAL originator and distributor of new credit, and this credit creation must have specifically mandated policies aligned with the new paradigm of Gifting above like a rebated discount at the point of retail sale and a universal dividend. Other economic policies and regulations of finance and its enabling of many speculative idiocies are also necessary,  and I have been compiling these and updating Douglas’ policies which although very insightful still had the stench of general equilibrium theory and austerity adhering to them.

Finally, as a paradigm is a much more mentally ingrained mostly unconsciously accepted pattern, much more so than just a theory, it is much more difficult to perceive. Likewise, it is always a higher integration of opposites which makes it appear illogical and absurd to most…right up until it’s recognized as the next greater truth. Further, because part and parcel of a paradigm is a new cognition (conscious recognition of a new truth for the very first time) theorists on both sides of the fracas within the old paradigm can be looking at it and even recommending policies that align with it but not seeing it in its entirety. So paradigms are interesting but tricky things.

wisdomicsblog.com

You’re obviously very bright and knowledgeable about the money system and the financial investment process. What I don’t get is why you aren’t concerned about the obvious vices (if not mortal sins) that the individually wealthy and corporate and financial elites will perpetrate with finance as it is currently allowed to operate. The money system and the economy will never be stable and never serve the individual and the vast majority of enterprises until a fundamental re-think and re-integration of the business model of Finance via a new paradigm is made an enduring reality.

Banks would only be allowed to form bonds from money already created and saved for business expansion and for speculation in the stock market, and the banks and the investors in such speculations would be entirely responsible for any losses incurred from such investments.

Leverage would not be allowed for purely financial/stock market speculative activities as it is an obvious economic vice if not mortally destabilizing sin. Mortgages and large retail purchases such as automobiles, boats etc. would only be allowed to be retail services mark up sources of profit for banks hence enabling them to take part in the discount policy of Wisdomics-Giftonomics unless or until such services are completely cybernated/algorithmized.

Banking/Finance would be a retail business not a money creating one, and the FED/National Credit Office would be the exogenous source of all new credit with policies aligned with Gifting, traditionally productive enterprise, innovation that enables greater productivity with less resource usage and service to the individual and enterprise.

The system must serve mankind, not be a system that man must serve.