Mish:  Free Money Proposals Do Not Scale

Sure, one can do a trial and show that 20,000 or whatever sample size is better off.

However, any benefit to the trial participants must at the expense of a bigger deficit or higher taxes on everyone else.

Imagine giving 200 million people a guaranteed living wage. Who is going to pay for it?

Next, imagine all of Europe doing this coupled with freedom of movement.

Why stop there? Imagine the same program for the entire world? Free money for everyone!

Me:  Is this your so called response to the universal dividend policy? You’re more blinded by the paradigm of Debt ONLY than I thought to posit the old saw of “where’s the money going to come from?”

The problem is the universal basic income crowd and virtually all economists are only half conscious of the solution which is the additional income AND the retail product discount policy which intelligently and graciously integrates the wet dream of otherwise terminally painful Austrian economics into profit making systems, i.e. price deflation. The money will come out of nothing, ex nihilo, exactly like the banks dominatingly enforce their monopoly paradigms today…..except it will be monetary Gifting not Debt.

Integrate their paradigms of Debt, Loan and For Production ONLY with the new paradigm of Direct and Reciprocal Monetary Gifting and you’ll have freedom for the individual and for enterprise, and free flowingness for the system.

Break up your intellectual fallow ground and look at the these policies instead of simply regurgitating Austrian and libertarian orthodoxies. Look….and you might have “a genuine experience” of the present moment instead of being so stuck inside your mind.

Mish:  In one Canada example, taxes went up on some to pay for benefits for a few.
Give free money to everybody and tell me how it scales.

Understand the push here. Guaranteed income will never be enough because guaranteed “living” income is next.

There will never be enough money to pay for it. Moreover, due to inflation, living wages will keep rising and rising and rising.
Free “living wage” money for everyone is the path to hyperinfalation.

Me:  Orthodox duncery almost all around here. The set of possible constructive meaningful purposes is larger than the set of employment as meaning only. It won’t be a problem, especially if we grow two new neurons and have a cooperative effort on the part of the helping professions, the clergy and the government in making people more aware of these many constructive purposes. And if someone absolutely can’t find purpose without putting in his/her 40 hours of time a job guarantee can also easily be incorporated into economic policy.

Profit making economies will not survive their increasingly cost inflationary nature and the inevitable innovation/AI juggernaut unless the dual policies of a universal dividend and a rebated back discount to the retail product of every business model are implemented.

Look Mish. Innovate on a philosophical and paradigmatic level so that you stop being such an old orthodox fucking fogie.

is so beneficial and obviously freeing from long standing problems that no one can resist participating in and/or adapting to it . This is undeniably historically true.

How? By ending the tyranny of numbers and accounting, and so our economic enslavement to them. We would still account for them, rigorously in fact, but we’re freed from their apparent necessity to be balanced by getting beyond the paradigms of Debt and Loan ONLY. The wonderful invention of double entry bookkeeping is not destroyed or eliminated, but transformed from demon to mere accounting denominator. It shatters the paradox of thrift and overcomes the financial fallacy of composition, i.e. monetary gifting is good and monetary gifting throughout the entirety of the economy is good as well.

Using the abundant discount policy is a classic example of the discerning power that results from the integration of opposites which is the signature of Wisdom, and thirdness-oneness which is the signature of Wisdom’s pinnacle concept grace and its aspects of freedom, abundance, gifting, dynamic free flowingness and transcendence.

An experience is always so much more convincing and expansive than a mere belief or a method.

Steve Hummel regarding the difference between religion and spirituality, and the depth and breadth of wisdom/self actualization in comparison to the scientific method.

c copyright 09/17/2017

ultimately of self awareness/consciousness itself.

Thirdness-Oneness is the signature of consciousness.

[ (1 + 2)  <–>  3 ]

[ ( A x Z)  <–>  G/C ]

The Cosmic Code is also seen in zen koans:

[ (mentally integrating the question “What is the sound of one hand clapping?” in a non-glib way)  <–>  satori ]

All ab-reaction therapy utilizes the same mental process to de-sensitize irrational emotional and thought patterns in the attempt to find the postulate holding such patterns in effect.

The process itself is not the ultimate point, but rather the growth/increased consciousness of the thirdness-oneness.

We need to present a better set of policies that by actually looking at their effects will be irrefutably true, overwhelmingly more beneficial than present policies for both the individual and enterprise and resolve long standing deep systemic problems. Showing this repetitively to the general public and the small to medium sized business person will create a tipping point and rapidly developing consensus for such policies.

Finance is happy to encourage bullshit jobs because it habituates people to purpose via employment ONLY. It also obscures the real problem which is their enforced monetary paradigms of Debt, Loan and For Production ONLY, as well as their claim to the ownership of money created out of nothing. That economists can’t readily see this is a testimony to how hypnotized or intimidated they are by Finance.

Curious, that we encourage meaningless jobs…in order for people to have meaning….??????

Actually, it’s time economists started advocating specific policies that are pinpointed to resolve modern economy’s chronic and inherent problems. Good luck with that, because they’re almost entirely stuck in abstract theoretical and mathematical abstractions and hence miss very significant economic insights available by simply looking, that’s literally looking at… commerce, what occurs there and how fiscal and monetary policies could be best effective at certain points in the economic/productive process.

Steve Keen has done an excellent job of debunking neo-liberalism, a task probably deserving of a Noble Prize itself, and yet C. H. Douglas declared the economic system in an inherent and continual state of disequilibrium almost 100 years ago.

MMT has the mechanics of money creation correct and is anti-austerity which is the correct attitude, but it has no way to combat demand pull/creep inflation, relying too much on a new liberal orthodoxy that inflation will not occur with a large increase in governmental, especially when/if the huge debt overhang is eliminated. C. H. Douglas was anti-austerity with his citizen’s Dividend and had a means of reducing costs and prices with his compensated-rebated retail discount, so again he was way before everybody in this respect.

Austrians believe in deflation which is a good idea if it didn’t make an already austere and financially rigged system an even more painful and bankruptcy fraught fait acompli. Again, Douglas’s Retail Discount policy can eliminate inflation and with continued innovation and AI perhaps accomplish some price deflation.

Social Credit had all of the theoretical fallacies and deepest systemic problems correctly spotted and intelligent policies as per above for their resolution.

Wisdomics-Gracenomics is a more complete exegesis of the philosophical concept behind Social Credit and is an extension of its policies that conforms with quantum physics, the laws of thermo-dynamics and pushes past perhaps Social Credit’s slight orthodox adherence to equilibrium, which is static and so not truly flowing, with abundant levels of its dual policies that accomplishes true free flowingness and a grand integration of all four of the previous theories above.