Nice piece. However, all current thinking regarding UBI/Universal Dividend lacks an essential strategically placed and timed second policy aka as a rebated retail discount, the two of which enable a thorough integration of macro and micro-economic theory and policy and simultaneously deal with the 5000 year old problematically dominating and destabilizing business model of Finance. Combining these two policies deals with the three biggest problems of modern technologically advanced economies namely chronic lack of demand, creeping lower bound cost inflation and the keystone unethical structural and paradigmatic force holding most of the world’s economic instability, personal stress and geo-political brinksmanship in continual stimulation. That’s the resolution of a couple of pretty important trinities. Economists, you have to admire the iconoclastic ones, yet they only allow themselves to utilize math and science, which are of course important, but only subsets of Natural Wisdom-Integration which broadens their knowledge of the problems they are observing as well as more effective resolutions of same. If anyone wants to investigate this thinking that will be in my soon to be published book Wisdomics/Gracenomics: The Integrative New Economic Theory they can do so at wisdomicsblog.com

If we want to be historically accurate we need to realize that the idea of UBI/”helicopter money” did not originate with Milton Freidman or any liberal counter part, but rather C. H. Douglas the founder of the social credit movement over 90 years ago. Both of his dual policies of a national dividend and a compensated/rebated back to merchants retail discount are also extremely important to be implemented together. Why? Because contrary to the claim by various theorists that inflation would not be a problem so long as incomes did not outstrip productivity the actions of both individuals and individual enterprises could and undoubtedly would undo such theory via arbitrary price inflation. Theory is fine. The freedom of human action can easily create its own realities. Thus the UBI/Dividend must be abundant and the discount percentage at the point of retail sale and for every business model’s retail product must also be concomitantly high to combat this inevitability. These two policies in sufficient amounts and percentage would then effectively enable the seeming impossible, abundant and democratically distributed individual income and simultaneously actual price deflation. These are extentions of C. H. Douglas’ two policies and can be referenced at wisdomicsblog.com

In other words intelligently and humanely integrate a new paradigm of direct and reciprocal Gifting into the current monopolistic paradigms of Debt, Loan and For Production Only….and the fantasy of General Equilibrium can become a reality. Anyone with eyes and a modicum of consciousness can see that the business model of Finance is the dominating and manipulative business model that holds all of the economic instability, geo-political brinksmanship insanity and most of the high level of stress on the general populace in suspension. End that core plague of artificial and unnecessary neurosis with the new transformative financial paradigm of monetary Grace as in Gifting and not only will general equilibrium become a possibility, but a whole new hope filled future for modern civilization will become increasingly consciously clear.

Almost all of the new debt created and distributed by central banks to basket case economies like Greece etc. goes “poof”.  Those individuals and organizations like the IMF who invested their money in Greek etc. bonds, especially when they were in excess of 20% take a percentage “hair cut” equivalent to the amount of return on their investment. In other words if you invested in bonds at 20% 5 years ago your investment goes “poof”. Then, a “modern debt jubilee” needs to be implemented in virtually all advanced economies.

All countries involved in the restructuring will need to stabilize their economies by implementing and distributing an 18 years and older universal monthly dividend over and above what they make via employment and a rebated discount at the point of each business model’s retail product.  The resulting universally distributed wealth and income creation will have a downsizing effect on the necessity of new credit creation for further investment and growth, and intelligent regulatory changes to Finance in the interests of valid economizing like the elimination of compound interest and the replacement of it by simple interest mark up at point of sale will finally bring monetary, economic and human wisdom to these systems and an end to the era of excess, exploitation, manipulation and human bondage characterized by the monetary paradigm of Debt, Loan and for Production only.

Underdeveloped/poorly developed countries need to wake up and die right by proceeding to do so with the above policies in effect at levels that reflect their present productive capabilities in as intelligent and socially beneficial means as possible. Developed countries need to do the same in as socially and ecologically enlightened fashion possible.

The helping professions, the clergy and the government need to ally themselves in the effort of communicating and raising awareness of the individual to the multitude of positive, constructive and fulfilling purposes available to them in addition to employment…..the better to mature and fulfill themselves and the culture as a whole.

Take a new revitalizing breath, smile and carry on.

Steve Hummel 03/18/2017

Intellectual Integration

Emotional Integration

Everyday Experience Integration

Two opposing ideas, emotions, theories or paradigms…and a consciousness with which to resolve them. And Wisdom/Integration is the process for doing so.

Steve Hummel 03/18/2017

It’s basically flux, force and “progress” and is expressed that way in The Cosmic Code:

[ (flux  x  force)  <–>  “progress” ]  That actually ought to be expressed in quotation marks as it violates the entire spirit and reality of The Cosmic Code which is Wisdom/Integration, the spirit of Love and its temporal universe expression Grace.

The problem is the counterfeit trinity of power is all heat and no light, and is always accompanied by an underlying generalized and thus  irrational and authoritarian computation in the areas of religion, economics or politics….or all three, elements of which prevent any actual integration from taking place that would effect actual progress. Examples of this are:

“By the sweat of your brow shalt thou eat thy bread.” The Curse of Adam/Religion and Economics.

“Government and the Republicans (or Democrats) are the whole problem. The Missing of the Mark, Unconscious Pawns of The Current Monopolistic Monetary Paradigms/Politics.

“The economy tends toward equilibrium, we must balance the books and any regulation, subsidy or interference by government is a sin.”  The Market is God/Economics, Religion and Politics.

Wisdom of course is the proper and effective use of power…in the service of Humanity. Power without Wisdom (or its not fully integrated counterfeits) is always in the service of some covert entity and its agenda of power…with scant consideration of same.

6)  The Hobbyist…which has numerous aspects, strains of which can persist, extend into and continue to manifest themselves at higher levels. The crackpot/the sketchy philosopher/the conspiracist/the utterly orthodox/the obviously “not quite right”

5)  The Pedant

4)  The Orthodoxy Calculator and Integrator

3)  The Iconoclast

2)  The Actual Philosopher

1)  The New Paradigm Perceiver and Innovator

There are also sub levels below number 1 which don’t actually qualify as being intellectual often found in the political sphere like Demagogue, Darkside Counselor to the Demagogue, Vanilla Counselor to the Demagogue, Apparatchiks, Pawns, Hanger ons and the oblivious/exhausted/distracted/innocent followers in the political sphere. Some of these characterizations are also found at most of the levels above.

There is a level above even the Paradigm Perceiver and Innovator which continues to include, further integrates and actually transcends the intellect and that is The Actual Mystic. This level can be found in any of the levels above number 6 because intellectualism is merely a subset of authentic spirituality.

I agree with Wray, Tcherneva, MMT, Steve Keen, Michael Hudson etc. however, despite austerity being inutterably stupid most post scarcity economic and monetary theory still has much of its head and hands in the old paradigm’s playing field. If you want a completely aligned and fully fleshed out new paradigm theory called Wisdomics/Gracenomics, read up on it and more at Wisdomicsblog.com

Evolution may be situational and random, but physical complexity and consciousness are rigged toward survival because that is the underlying quantum reality and the thrust/vector of the cosmos.

Stewve Hummel 03/16/2017

[ (Resource Reduction, Conservation and Recycling)  x  Increased Productivity Via Technology, Virtuality and Product Longevity)  <–>  Sustainable Economy and Ecology ]