JH:  Remember also that a UBI would do away with most forms of social security.

Me:  @ John,

Grace is not just some high minded niceness, it is also Wisdom which is the best and most complete integration of the practical and the ideal which means it is highly aware of the human proclivity for lying and out ethical situations like deception, counter intention to fairness, etc.

Hence it sees that the economic system is unstable and actually harmfully dominating toward most agents in it and so takes responsibility to remedy same. Hence it is unafraid to take ethical control of that system at strategic places in order to fix one or more of the problems (excess costs) in an unobtrusive way at the very ending point where costs are summed, and only at that place and time thus not interfering in the business’s own decisions about deciding upon its best competitive price. Finally, if it sees an enterprise breaking the rules of cooperation in an ethical system…it is perfectly willing to kick that enterprise in the ass continually and even terminally by denying the benefits of a system based on the aspects of the concept of grace.  Awareness that there is a rational end to patience after all is an aspect of grace.

…and yet scientists not only do not appear to be forthright about looking for a philosophical concept to define and guide it, they also “will not go there” in considering Wisdom concepts to do so…undoubtedly out of fear of being accused of religiosity….when secular philosophical scientism itself has become the modern religion.

I “go there” because I integrate philosophy and spirituality…the latter of which is not religion, but rather what could be called experientialism and which is also the superior human mental discipline otherwise known as Wisdom.

…and economically you can’t get behind the theoretical concept of Grace which is both analogous to consciousness itself and whose aspects are the superlative, the complete, the resolving and the ethical.

And just in case you’ve mistaken me for a religionist, I’m talking about spirituality not religion.  Spirituality being the ideas and experiences pointed at and existing behind the dogmas of the world’s major Wisdom traditions, not the dogmas themselves.

…is part of Grace, just a synthetic and unnecessarily divisive part.

These discussions are very intellectually interesting, however, the real economic issue is does the money system facilitate commerce, stability and equitability, i.e. practicality, security and ethics.

IMO MMT has the mechanics of money correctly described, but precisely like what neo-liberalism did, is still an ideology looking for justification. Personally I think libertarians/free banking are headed in the wrong direction and that the money system requires governmental sanction/justification. But MMT, like neo-liberalism, still fails the stability and ethics requirements.

Until such time as MMT or any other theory recognizes and properly understands the concept behind the new paradigm of Direct and Reciprocal Monetary Gifting they will be incomplete, inadequate and effectively unable to fulfill all three requirements.

Wisdomics-Gracenomics: The Natural Concepts Behind The New Paradigm of Direct and Reciprocal Monetary Gifting

Grace (and every other word/experience that the world’s major Wisdom traditions have called it) is everything…integrated…even opposites, to the point of thirdness-oneness, that is, the superlative of The Good. Grace, the most pregnant, encompassing and resolving concept man has yet conceived.

These aspects of Grace, along with the aspects of Wisdom/Rationality are why Grace is aligned with environmental balance and sustainability.  Grace is everything integrated in whatever subject so as to result in the superlative effect. Ignorance, cynicism and/or refusal to actually look at and understand that pinnacle concept of Wisdom is no excuse.

…they haven’t yet cognited on The Cycle of Action (the Starting, Changing and Stopping basic reality of the temporal universe) and the strategic economic and monetary significance and effectiveness of policy applied at the Stopping aspect of it.

The discount mechanism utilizes a direct and immediate Gifted increase to individual purchasing power and reciprocal Gifting back to participating merchants. As the experience of Grace and the description of Time are the trinity-unity-oneness of:

[ (Space x Time)  <–>  Self Awareness ]

[ (The Moment x The Flow of Moments)  <–>  Consciousness of each Moment as Time Flows ]

Thus Directness, Reciprocality and Immediacy are reflective and analogous aspects of Grace, Consciousness itself, Consciousness of Time and The Cosmic Code:

[ (Directness/the Moment x Reciprocality/Effect of the Moment through Time)  <–>  Immediacy/Continuousness of Effect of Grace, Time and Consciousness ]