Steve Keen, Michael Hudson, MMT, Ellen Brown’s Public Banking all have merit and have an aspect or aspects of the problem identified. They have all been advocating one of the policies (universal dividend) and coming to the conclusion about the dominance and instability of the business model of finance.

C. H. Douglas of course isolated the exact dimensions of the problem almost 100 years ago (the rate of flow of total costs and so total prices inherently exceeds the rate of flow of total individual incomes in technologically advanced capital intensive economies) and suggested not only a universal dividend, but also a rebated back to enterprise discount given to consumers by retail merchants.

But even Douglas’s Social Credit still had the stench of the orthodoxies of austerity and general equilibrium hanging around it, and also did not have a complete exegesis of the concept upon which Social Credit was based, namely the NATURAL philosophical concept of grace as in gifting.

My Wisdomics-Gracenomics is the fully iconoclastic break with the above orthodoxies and the scientific and cutting edge quantum physics aligned policy extensions of Social Credit and the full philosophical fleshing out of its underlying concept.

…throw the baby of ethics and morals out with the imposed control and rule of neo-liberal economics and the business model of finance.  This is why a cooperative effort between the helping professions, the clergy and the government with public service campaigns is essential in helping the general populace find positive, constructive purposes other than and in addition to employment.

The moment of sale for any business model is a stopping and summing point in time of cost, price and purpose in the complex flow of activity within commerce.

All of the world’s major Wisdom traditions point at an integrated/integrative and focused conscious experience of the present moment whether it is called satori, kensho, samhadi or Grace.

These two events are philosophically aligned, mentally reflective of each other and purposefully and temporally synonymous. In other words the purpose of Life is Self Awareness/Consciousness and the purpose of profit making economics is a profitable sale…..and both a sale and Self Awareness/Consciousness occur in the present moment.

Any economic and/or monetary policy whose effects occur in the immediacy of the moment and at the point of summing and ending of costs and price is by definition then immediately effective of its purpose, and simultaneously an unobtrusive and agreed upon purpose for both producer and consumer because it satisfies their mutual intentions, i.e.  sale/consumption.

As both the debt based monetary system and the costing/pricing system are digital a subtraction of cost/price that is monetarily rebated back to the discounter can effect a beneficial purchasing power increase and reduction of price to the consumer and yet enable the producer to still get his/her best competitive price as well as potentially more sales and more profit.

Again, this integrative result is a stable and mutually ideal flowing state for both producer and consumer, and thus, as Wisdom is the very process of thorough integration itself, in a very real sense it is the bringing of Wisdom/Self Awareness/Consciousness to economic theory and the economic system.

When the debt deflationary period we are in is over….do they think that cost push and demand pull inflation will not re-occur? Of course it will, because the freedom of human action and the natural upward tendency of profit making systems will kick back in, probably with a vengeance, and then the regressive and Financial forces will say, “I told you so” and attempt to re-dominate the system.

This is why it is absolutely necessary to take adult, responsible and ethical control of the money and costing/pricing systems, and yet in a graciously unobtrusive way that frees both consumers and enterprise and that terminatedly ends the dominance of the system by Finance. And the abundant universal dividend and high percentage (rebated) discount to the retail product of every business model are the dual policies that accomplish that freedom.

An inherently cost inflationary systemic economic condition must deal with both costs and time….at the same time. As Time flows the only way that Time can be dealt with within the economy…is where the stopping points occur within and throughout the entire economic/productive process, and the point of sale is precisely that point in time because whenever a sale occurs total costs in the form of price for any item or service are terminally summed and stopped/ended….at that moment. 

This is a cost accounting view of the economy and its deepest and most thorny ongoing problem of individual monetary scarcity in ratio to costs/prices. In order to see it one has to actually look at the present time workings of commerce without becoming confused by the myriad other goings on, view what is occurring (stopping and summing points), decipher the economic significance  in terms of costs and time and then implement policies that resolve the ratio so as to create not an equilibrium, which is just another static/stopping point, but “a higher free flowing disequilibrium” that is an inversion of the problematic scarcity ratio which inversion just happens to be an historically repetitive signature of paradigm change.

As Dr. Keen himself has complained, economists can get their degrees without taking so much as a beginning course in accounting despite the fact that its subset of cost accounting enables one to see the empirical data that exposes the deepest macro-economic problem and the places and times at which it can be resolved.  Likewise, most accountants aren’t trained to think about the economic significances of the flows of data or of the stopping and summing points within those flows. Hence these insights are generally missed by both economists and accountants.

The retail product sale for any business model is the precise point to implement monetary policy and the rebating of those discounts back to the enterprise giving them is effective in eliminating the inherent/continuously cost inflationary condition of modern economies because it is the expression of the new monetary and economic paradigm of Direct/Immediate, Abundant and Reciprocal Monetary Gifting.

As the business model of Finance has a virtual monopoly on credit creation, and that their monopoly paradigms of Ongoing Debt, Loans and For Production ONLY enforce indirectness and hence Time/a lack of immediacy of policy effect on the problem one can then see that the problem can only be resolved by replacing them with the new primary paradigm of Direct/Immediate, Abundant and Reciprocal Monetary Gifting.

Finally, recognizing and fully fleshing out the philosophical concept behind the new monetary paradigm, i.e. grace as in Gifting, enables one to more effectively craft, align and implement policy in order to create a thorough integrity of thought/philosophy and action/policy in greater scientific agreement with the cyclically flowing/free flowing nature of the temporal universe.

The dividend and Discount policies are the result of a cultural heritage theory of value. In other words they are the expression of everyone’s inheritance of all of the technological progress, innovation and productive capacity developed over the nation’s history.

Inheritance has long been recognized as a valid concept both economically and legally as has the directly distributive nature by which an inheritance is delivered.

…the policies and trends of the new economic paradigm.