Purposes:

1. To terminally end the dominance by Finance over all other business models and probably 95% of the general population.
2. To break up and terminally end private Finance’s structural monopoly by establishing a cost efficient and competitive public banking system.
3. To end their complete monopoly paradigms of Debt, Loan and For Production only by thoroughly integrating Monetary Gifting into the debt based money system.
4. To create truly humane, ecologically sane and yet abundant  economies, and to enable profit making systems to stably survive and thrive as innovation and artificial intelligence rationally reduce the need for human effort and human input.
5. To help guide Mankind intelligently into a future where employment remains an option but is increasingly unnecessary, and to raise the conscious awareness of the general populace and acculturate them to the multitude of positive, constructive and fulfilling individual purposes available in addition to employment.
6. To enable our political systems to rise with the freedom of the individual and of enterprise thus also throwing off the intolerably dominating and unethical environment Finance created, and within which the political system  labored and failed to perceive the higher possibilities of its calling.

Philosophy:

As the very process of Wisdom is integration of truths, workabilities and the highest ethical considerations of opposing ideas, theories, systemic conditions or paradigms, and the highest concept of Wisdom is Grace-graciousness/love in action…the integrative/wise philosophy is Grace-graciousness/love in action.

Policies:

Policies must align with and effect the philosophy from which they are derived, or there is a power or influence that alloys that alignment and those effects.

An abundant universal direct dividend to the individual and a gift of price reduction at retail product/retail sale that is reciprocally gifted back to participating merchants are the two policies that can saturate, encompass, strategically insure completeness throughout the entire economic process and so effectively insure that the philosophy of Grace-graciousness becomes an economic reality.

FAQs and Rebuttals:

Narcissism: only I am real

Science: only empirical data is real

Philosophy: empirical data and ideas are real

Spirituality: empirical data, ideas and the meanings and personal experiences behind them, including my self, are all real

Mish,

It may seem amazing to you whose mind snaps shut immediately upon hearing anything that isn’t Austrian orthodoxy. First of all I’m not suggesting we destroy free markets I’m saying we need to integrate monetary gifting into the debt based money system. Why? Because over the last couple hundred years factors have changed. The ever increasing costs of fixed capital depreciation has made what was then close to a workable free market into a cost inflationary one. As every capital input into the economy including Finance entails additional costs and the business model of Finance has a complete monopoly on the reasons and vehicles for which finance is extended, namely for production only and as a loan only they can only extend and expand the cost inflationary nature of our present advanced capital intensive economy. And monetary gifting directly to the individual and to the individual and then reciprocally back to the merchant at retail sale….is the only way to re-balance demand and costs/prices…because it does not add costs to an already cost inflationary system. Even social crediters don’t completely understand the scope of what an actual remedy to the present system is because they are also hanging onto orthodoxies of general equilibrium, and Douglas himself did not see the full scope of how multi-national corporations with global reach could collude with Finance to resist these remedies. Only my Wisdomics/Gracenomics has come up with the answers to those problems.

So you see my theories are based on obvious and empirical data, on actual looking at the economy as it actually is not as it may have been 100-200 years ago. That’s science, that’s open mindedness, that’s using integral cost accounting, that’s looking at a paradigm like debt that has gone on too long and has nearly everyone else hypnotized, confused and theoretically thwarted.

Keep up the good work of sowing the conundrum of eroding demand by innovation, robotics and AI Mish which is another building block of social credit theory and which in an already inherently scarce ratio of demand to costs/prices only adds to the instability of our capital intensive economy. It’s either monetary gifting or socialism Mish. You choose whether you want to unconsciously advocate for socialism or consciously work for a Wisdomics/Gracenomics economic future.

It de-mystifies Wisdom and clarifies its process for the western mind, and thus enables an actually scientific, formulaic and hence reductionist means of intellectually accomplishing it. Then all one needs to do is utilize any of the excellent contemplative disciplines for increasing spiritual awareness, i.e.  Grace/Consciousness. Of course The Cosmic Code can also be utilized to accomplish this as well because Grace/Consciousness is a part of the formula and the The Cosmic Code expresses the contemplative process itself.

Keen is probably the best economist on the planet. Unfortunately we have to “up our game” several integrations higher than mere mathematical and economic abstraction in order to perceive the solutions to our many converging modern problems, economic and monetary systems being the most urgently needed application of those further integrations.

Keen called for “a new economic philosophy” about a year ago, and then went right back to utilizing only mathematics to ploddingly attempt to decipher economic truth from economic fiction. In order to discern and create a new economic philosophy you have to philosophize, that is entertain ideas, preferably new ideas, at least so far as their application to economic and monetary systems is concerned. Then, if you really want to be radical and outside of the box you have look past the modern religion of science (while still retaining it as the excellent temporal universe but limited tool for deciphering wholistic truth that indeed it is) and integrate one’s thinking with spirituality (not religion, you’ll pardon the expression, god no!). Keen in calling for “a modern debt jubilee” and now many other economists in their entertaining the idea of a universal basic income are just beginning to awaken to the philosophical and spiritual concept necessary to fully become conscious of if we are to actually solve our economic and monetary problems. If anyone wants to begin to fully understand that concept they can read a couple of years worth of posts fully fleshing it out on my blog wisdomicsblog.com and hopefully reading about it soon in two books I’m compiling entitled Wisdomics/Gracenomics and The Cosmic Code: The Formulaic Integration of Cutting Edge Science and Spirituality.

This is accomplished by the general encompassing policies of a universal abundant dividend and an abundant discount percentage to prices at retail sale. It is further able to saturate the economy with monetary gifting if every business model’s retail product is included in the discount policy.

The ethical primacy of the individual is the essential consideration for any human system. Economic theory has become so obsessed with the application of science and mathematics ONLY that such theories become unable to focus on the true and deepest problem (the monopolistic paradigm of debt ONLY) and so they become ethically challenged.

Wisdomics/Gracenomics being the application of Wisdom/Integration and its pinnacle concept Grace applied to economic theory, i.e. Individual Freedom/Systemic Free Flowingness/Unity Within Diversity/Oneness-Wholeness/Process, is the answer to all of the neglect of the individual, the systemic instability, the contentiousness, egotism, intellectual fragmentation and reactionary lurching back and forth between opposing theories that has characterized economic theories for the last two and a half centuries.

As Wisdom is also the best integration of the truths, workabilities, applicabilities and highest ethical considerations of apparently opposing ideas/theories, and the deletion of their mutual untruths etc., and the concept/experience of Grace is the pinnacle of Wisdom, so Wisdomics/Gracenomics is the best/pinnacle integration of General Equilibrium, Disequilibrium and Complexity Theories.

1. integration of apparent opposites is the signature of Wisdom
2. the answer to ambiguity/complexity has always been Wisdom, and
3. the ultimate Wisdom, Grace, which is synonymous with an intensely focused experience of the flow of present moments, is the full and integrative inclusion of Science, Ethics and Spirituality/Consciousness.

One can better understand this if they envision three concentric circles the inner being Science, the second Ethics and the third Spirituality/Consciousness and understand that the outer circles include all of the valid/integrated considerations of the circle(s) below/within it and all of the concepts below/within the outer circles have aligned reflectivities in those above it. In other words everything is mutually integrated and integrative.  All of the opposite and unintegrated factors involved can fit within the formula of The Cosmic Code for a full reductionistic analysis and further integrated philosophically/ethically and spiritually with the ultimate integrative concept of Grace which is the thirdness aspect of The Cosmic Code.

Wisdomics/Gracenomics is the monetary and economic subset and application of the theory of everything known as The Cosmic Code which is described by the words:

An integrated Duality within an integrative Trinity-Unity-Oneness-Process

and is formulated thusly:

[ ( A x B)    G/C ]   or its inverse  [ G/C    (A x B) ]

[ (Debt/Legalism x Monetary Gifting/Spirit)  <–>  Economic Free Flowingness/Grace Consciousness ]

[ (Private Monetary Monopoly  x  Public Monetary Monopoly)  <–>  National Credit Office, a govern-mentally sanctioned monetary body with specifically mandated direct and reciprocally gifting policies to individuals and enterprise and with ultimate control of the issuance of all new monies ]

Pre-historic Man lived in a magical and enchanted world where everything seemed alive and there were far fewer abstractions, systems and time consuming inanities.  This is not to say that life was some kind of Arcadian utopia, simply that the obstacles to a more direct experience and enjoyment of one’s self and the present time environment were far fewer. The development of civilization, industrialization and science  have increasingly preoccupied us, and now with all of the modern technological distractions we see increasingly dispersing our attention we have further eroded our ability to mentally focus on the moment thereby weakening our ability to deeply perceive ourselves and detail in the environment as well.

We require a mental integration of scientific thinking and psychology/spirituality, and the implementation of daily practices that promote, encourage and acculturate both modes of thought.  A Quantum Scientific Animism or Quantum Scientific Pan-entheistism with daily contemplation of the many aspects and experiences of the concept of Grace as well as daily contemplation of one’s immediate surroundings would reap many personal and cultural benefits and repair and replace the atomism, anomie and increasingly obsessive egotism and contentiousness we seem to be unconsciously drifting toward.