Answer:  The intensification of the dominating rule of Finance and its monopolistic paradigms.

If we implemented the policies of Wisdomics-Gracenomics and ushered in the new paradigm of Direct and Reciprocal Monetary Gifting it would eliminate Finance’s enslaving Debt hold on every other business model, enable enterprise to decentralize while profiting more, innovate and increase efficiencies freely without the need to provide “adequate” employment in the form of mostly bullshit jobs and end the deeper problem of the old paradigm of Debt Only which enforces continuous debt build up and so debt deflation, and so also economic instability.

It’s saddening and frustrating to see otherwise intelligent and progressive reformers like Dr. Billy Mitchell miss the deepest problem (the continued enforcement of the old financial paradigm) and so fall into mistaken and hidden authoritarianism regarding the policies of the new paradigm (a relatively abundant universal dividend and a relatively high percentage point of sale rebated discount to prices). His recent blog posts extolling MMT’s job guarantee as the only solution and cranky dissing of UBI/universal dividend are a failure to integrate old and new paradigms. And by the way he seems to be entirely unconscious of the synthesizing complementary policy of the point of sale rebated discount.

Perceiving and thoroughly understanding a new paradigm is difficult, and is very much like both a thorough scientific breakthrough and what devotees of the world’s various wisdom traditions call “the process of sanctification” and/or discipleship/the path of the Bodhisattva. If you don’t rigorously and objectively follow the path to scientific truth or the goal beyond religious dogma which is self actualization/self knowledge….then you fall back into orthodoxies instead of advancing to paradigm perception and greater understanding.

Probably the major relevant aspect of the concept of Grace to thinking is the fact that it includes the thorough integration of the truths etc. in opposites. Hence it cannot be a mere reaction or a rigid orthodoxy. Thus it is the categorical avoidance of egoistic opinion, closed mindedness and all of the irrationality, loss of focus on solutions and resistance to necessary change that so often attends intellectual discussion.

If one would simply adopt the ethic of monitoring whether or not they are truly considering legitimate truths in opposing perspectives, and further adopting the mental motto of “when in doubt integrate….and keep on integrating”,  more Wisdom and its integrative solutions would present themselves to scholars and decision makers.

And in a period where looming civilizational problems are met with obsessive contention from all sides and attempts to “put lipstick on a pig” and call it actual and/or beneficial change seems to be the best we can do, graciously considered integrative solutions would be the breath of fresh air alternative for survival.

Wisdom is the best integration of the practical and the ideal. Grace is the dynamic, interactive and thorough integration of the truths in opposites.

Thus Wisdomics-Gracenomics.

Wisdomics-Gracenomics is economic philosophy, economic theory and economic policy. It is the innovative philosophical and policy extension of C. H. Douglas’s Social Credit some of whose insights have separately been re-discovered by the best present day economists of Steve Keen, Michael Hudson, the various economists who advocate MMT and Public Banking reformer Ellen Brown . Hence Wisdomics-Gracenomics is a deep enough integration (Wisdom) of Social Credit and all of these reforms/reformers that it brings to full consciousness both the new monetary and economic paradigm of Direct and Reciprocal Gifting and even the concept behind the new paradigm itself (the natural philosophical concept of Grace) as well.

The essence of prudence is balance. Modern economic systems want to become unbalanced primarily via financial actions. Therefore prudence is the exact guiding concept and principle to use in finance and actually all aspects of the economic system. Prudence of course is an aspect of Grace, another major aspect of which is dynamic interactive balance of opposites, so as to include both restraint and (relative) freedom and thus to avoid both stagnation and profligacy.

Ah, reciprocal gifting, direct and reciprocal gifting. Now there is a policy concept that’s “good as gold” ….and a whole lot better.

I could not agree more that even worse than regulatory capture the system has been designed to favor the corporatocracy. It’s another aspect of the system that people are generally unconscious of. The lobbyists know what they are doing (although they have probably justified it mainly on the basis of other cultural/economic myths), but conscious conspiracy or unconscious justification….the result is elites dominating the general populace. My thinking is that the biggest problem is partial awareness of the problematic current paradigm and virtually complete unconsciousness of the new paradigm shift that is required to extricate ourselves from the patterns we are currently tied to. If we could self actualize many of the aspects of an encompassing and universally resolving concept like grace/graciousness, an aspect of which is love in action….then community action would be consciously pushed forward as an integral part of the new ethic.

In other words driving a stake through the heart of the business model at the very pinnacle of the corporatocracy’s pyramid of power, namely Finance, with a concept like grace as in gifting would decapitate the entire structure and again, as an integral aspect of the concept of grace is action, enable a greater awareness of the necessity of acting for justice and the Good NOW wherever you exist and at this particular moment.

….operates as an auxiliary banking system that deals in Monetary Gifting instead of Debt. It takes advantage of the digital debit-credit nature of the money and pricing systems and of double entry booking in order to reduce prices to the individual and to commercial consumers and then as a rebate of those discounts back to the merchants who gave the discounts in the first place.

Orthodoxy is the mind, consciousness is the moment in both the mind and the temporal universe.

Steve Hummel 11/18/2017

It’s apparent that we require a new paradigm/pattern. All of the statistical modeling of DSGE and even heterodox approaches that do not clearly see that the current monopolistic paradigm of Debt Only needs to become secondary to a new paradigm of direct and reciprocal monetary gifting….need to open their minds to that historically rhyming inversion. All tweaking of theory and policy within the old paradigm, i.e. mere reforms are simply “epicycles”.

….that attempt to keep the money supply, inflation, interest rates, etc. etc. etc. in reasonable balance it becomes more clear to you how complex the system has become, and also how such operations perfectly reflect how the Ptolemaic astronomical paradigm introduced “epicycles” into their thinking in order to explain anomalies….and yet still failed to resolve them.

We are so overdue for a new monetary and economic paradigm instead of continually trying to tweak theory and pursue incremental reform. Consult Wisdom and History.