…because they never look at/get to the overlaying problematic business model of Finance and its monopolistic paradigm of Debt Only. Fix the problem existing there with a new primary and balancing paradigm and every other economic factor will tend to fall back into its proper place and significance.

Direct and Reciprocal Monetary Gifting….the paradigm change that will transform and free the entire economy.

Everyone is entitled to their religious opinion. The essence of Grace after all is tolerance of other’s beingness and identities.  What is required here and now however is Grace as in Love in action, i.e. systemic policy. The power of Love in action as monetary and economic policy, awakened to, is a power that no army can defend against.

No economist apparently looks close enough at the money and pricing system to realize that they are both digital and that money, not credit, will liquidate costs, prices and debt, and at the same time that a separate monetary authority could both balance the current monopolistic dominance of private finance and its paradigm of Debt Only by directly distributing a universal dividend and a discount to the “retail product” of every business model and so saturate the economy with a new primary paradigm of  Monetary Gifting.

It’s funny really. They (economists) are apparently too far off in three times removed abstract, mathematical and/or orthodox regurgitating fugues to look at the system as it actually is and operates in present time. Either that or they are too afraid (or amazingly even unaware) of the monopolistic dominating power of Finance to declare such.

This is how the two policies would work. There is a chronic, inherent scarcity of total individual incomes and so a costless gift of money that guaranteed a respectable level of income would correct this without being generated by the system and hence be the result of the inherently cost inflationary system.

“Retail sale” point of any business/product is an ending point and summation of costs and prices for any such products. Thus an utterly unintrusive direct and reciprocal monetary policy could be implemented at each of those points in time throughout the economy. In other words if a business’s product was priced at $1.00 and the discount rate was 40% they could sell it to the next business along the line to retail sale for $.60 saving the consuming enterprise 40%, and then the separate monetary authority would rebate all of their discounts back to them. This policy would both prevent any inflation and actually integrate price deflation beneficially into the economy. It would also increase the purchasing power of everyone by whatever the discount percentage rate was.

Yes, the problematic paradigm of the money system is the primary and deepest problem of economics, and its resolution would literally transform it, stabilize it, make a lot of other related problems dissipate or disappear and virtually all other aspects of the economy would fall back into their proper place where if necessary they could be regulated along the philosophical lines of the new paradigm. Historically, this is the nature and effect of a paradigm change, a maximum of transformation, a minimum of structural destruction and a refinement of purpose and ethics in the area in which the paradigm change occurs. Everything adapts to a paradigm change….not the other way around.

c copyright 06/24/2017

Steve Hummel

**********************************************

Me:  MK,

“…sure, but it can run out of Value that money could store or represent.”

What if you implemented a policy that integrated price deflation throughout the economy?

MK:  I am not clear what you mean Craig, too vague for me to answer.

Me:  The money and pricing systems are both digital. If you implemented a policy of discounting the retail product of each business model by 35-40% and created a separate monetary authority to rebate their discounts to consumers back to them you could integrate price deflation beneficially into profit making systems and help to break up the monopoly monetary and financial paradigm of Debt and Loan Only at the same time.

MK:  Do you mean that sellers would be free to set their own price but whatever the price paid the buyer would be entitled to a government rebate of X%, as a kind of reward for spending? I am assuming the money to pay for that rebate would be digitally ‘printed’ by the Government…

If my understanding above is correct this would not be deflationary but inflationary, as it would amount to subsidising consumption with newly created funds, thereby expending the money supply at the retail consumption end of the economy. The inflationary pressure on prices would of course be offset by indirectly also stimulating production, as well as possibly reducing the demand for bank credit, but it would also inevitably add to our foreign debt since the largest chunk of consumption is directed towards imports.

The main problem is not shortage of workable ideas for reform, but political willingness to even openly consider them, given the immense, lethal power of the global banking cartel. Very few politicians would be brave enough to challenge the credit monopoly of the banks on in a major way, especially knowing that the parliament is studded with backstabbing agents of the financial sector.

Me:  “If my understanding above is correct this would not be deflationary but inflationary, as it would amount to subsidizing consumption with newly created funds, thereby expending the money supply at the retail consumption end of the economy.”

The point of “retail product” sale is the point of summation of costs and prices for any product or service, so if the discount was applied exactly at that point and time, especially at each point of sale throughout the entirety of the economic/productive process….how could it possibly result in price inflation?

“but it would also inevitably add to our foreign debt since the largest chunk of consumption is directed towards imports.”

Not any more than it does already, and seeings how a sufficient universal dividend would make the “problem” of unemployment basically disappear domestic producers could harmlessly re-industrialize in the most efficient and productive way possible thus weaning ourselves off of Finance’s wet dream of globalization, and also get ahead of the curve of the just beginning disruptive force of AI which will be destroying aggregate demand at a far higher rate than it ever has before. Foreign trade will remain foreign trade.

“The main problem is not shortage of workable ideas for reform, but political willingness to even openly consider them, given the immense, lethal power of the global banking cartel. Very few politicians would be brave enough to challenge the credit monopoly of the banks on in a major way, especially knowing that the parliament is studded with backstabbing agents of the financial sector.”

Of course implementing every new idea is a political struggle. All the more reason to pitch it to self interested constituencies like the general populace, students in particular, and the small to medium sized business community all of whom stand to benefit from such policies.

Cynicism is irrelevant and defeatist. “Without a vision the people (and their civilization) perish.” Keep thinking about how the disintegration of our civilization (which we now see taking place continually right before our very eyes) would effect you personally. It keeps it more real to you, and ought to motivate you to actually do something positive about it….for your family and friends.

RA: After all this, it is still not clear what money is.

Me:  Money is most basically accounting, and most specifically its subset cost accounting. Take the data there and do the calculus on the rate of flow of total costs and so prices and the rate of flow of total individual incomes and that ratio exposes modern technologically advanced capital intensive economies’ most basic problem.

RA:  Yes, I think that topic is interesting but also how financialization seems to generate money or assets with moneyness. For example, if Miss Julia Investor moved $15,000 in 2013 from her checking account to a mutual fund with tech stock exposure and sold it now, she would have doubled that money and could buy a cute silver Audi sedan. So where did that “money” come from? No one was worse off and had to empty their checking account to pay her. The money just showed up because other investors thought tech companies went up in value. And Miss Julia does not know any macroeconomists and thought both that her checking account was money, but also thought of her investments as money. And in a way, her Audi is like money because she could sell it and buy a Caribbean Cruise. She does not know nor really is concerned that some macroeconomist is trying to figure out how and where to create and delete ledger entries to make his definition of money agree with her activities.

Me:  Yes asset inflation and demand push inflation are the fly in the ointment of many an economic theory. Liberal/Keynesian theorists tend to pretend it won’t happen in theirs, and Conservative/Libertarian/Austrian theorists are obsessed with stopping it or embrace deflation and the pain it causes.

What is necessary is to take adult responsible control of money and pricing….but with gracious and unobtrusive policies strategically timed and placed so as to benefit both the individual and enterprise. And even the correct and best policies cannot effectively control all human actions and counter intentions, so regulation will inevitably also be necessary even with a new paradigm.

Wisdom is the integration of the truths in opposing perspectives and the simultaneous deletion of the untruths they both also have.

The orthodox conservative and liberal political viewpoints are soooooo boring that it’s incredible. Both conservatives and liberals are so habituated to their orthodoxies that they are apparently unable to integrate and so think/see a new thought.

Integration is not “mealy mouthed”, “poison pill” or any other form of compromise which actually prevent integration. Integration is an honest and intellectually purifying process. It is in fact a scientific process in this sense and yet it is more than that because Wisdom integrates the willingness and ability to consider and factor in consciousness and its aspects into the integrative process as well. Wisdom is the process of undoing orthodoxy, and the end product of that process is the pinnacle concept of Wisdom pointed at by every one of the world’s major Wisdom traditions Grace. Not an orthodoxy or dogma regarding Grace….just Grace as both/either a human experience or a systemic condition of a human system.

But the truth is both scientists and religious folk, and both political perspectives talk about Wisdom all the time, in fact they even preach aspects of the pinnacle concept of Wisdom, but they don’t really have anything more than a foggy or fragmented idea of what they are actually talking about. And that’s why they don’t actually DO any integrating. It’s extremely sad and frustrating at the same time.

Contemplate the process of Wisdom and its pinnacle concept Grace. It will prevent you from forever being an erudite dunce, an anti-intellectual populist crank or godawful demagogue.

…and interest is the unifying, driving force that connects it all. In fact you could call it a trinity-unity-interest-consciousness-process.

[ (Meaning & Purpose x Interest)  <–>  Conscious Awareness of Purpose and Meaning ]

That’s what the experience of Grace actually is. Everything we see and sense is a wavelength manifestation emanating from the solidity around us. Exteriorization of one’s own attention/consciousness wavelength integratively into space and out toward solidity is the oft described experience all of the world’s Wisdom traditions speak of and point at.

[ (wavelength of your self x wavelength of everything else)  <–> Consciousness ]  =  Grace

[ (Inhaling x Exhaling)  <–> The Pause In Between Them ]

Everything is a trinity-unity-oneness-wholeness-process, and if you include self awareness/consciousness in that formula…you’ve discovered it.

Is it any wonder that breath/breathing has been a meditative self awareness process and a metaphor for Life, Spirit, flowingness and Grace?

…and made a dualistically contentious orthodoxy out of it instead of the flowing process that it actually is. They just dropped out the third and completing step and hence fell back into obsessive and egotistical contention instead attaining and maintaining the entire flow and process. Most scientists and orthodox religious advocates have basically committed the same crime.

Full consciousness of nature and its most basic reality of Trinity-Unity-Oneness-Process, I have called The Cosmic Code and formulated as:

[ (A x Z)  <–>  G/C ]

And stated as:

A fully integrated (not just contended or reductionistically fragmented) oppositional Duality within a dynamically integrative, interactive gracefully flowing Trinity-Unity-Oneness-Consciousness-Process.

Trump and Putin (and every other conservative and liberal economic “thinker”) want to make the neo-liberal propaganda…”run on time.” The problem is it’s stuck, and requires a new paradigm and aligned philosophy and policies that embodies dynamic, interactive process and flow itself to enable it to do so.