The problem is that even if you have control of the currency if you don’t craft monetary policies that costlessly hits the actual problem, namely that the system creates a flow of total costs that always exceeds the flow of total individual incomes, you won’t solve the actual systemic problem. In other words you can palliate the economy’s problem forever and ever by both cutting costs and by dumping more money into it in the form of debt or even with debt free money for infrastructure etc. ….but you’ll never ACTUALLY SOLVE the systemic problem until you DIRECTLY GIVE THE INDIVIDUAL A CONTINUAL GIFT OF MONEY in addition to what they may or may not make via employment.

And then, if you don’t have a policy that eliminates the inevitablility of demand pull and circumstantial cost inflation you’re still not going to stabilize the economy. The idea that you won’t have inflation if you have equitability of supply and demand is just another liberal half truth….the same as the conservative notion that the economy tends toward equilibrium is a falsehood/half truth.

If you don’t stop Finance from controlling things they will do whatever they can to encourage/outright bribe/create/ inflation….and they’ll succeed. You have to have a policy SOLUTION for BOTH scarce individual incomes AND inflation of all stripes. Otherwise you’re just fooling yourself that you’re solving the problem and also letting finance wriggle free to rule with its monopolistic monetary paradigms.

MMT has the process of money creation correct. However, what nearly everyone misses including MMT and heterodox economists are the correct structural and paradigmatic targets, namely the virtual monopoly on credit creation by private finance and the ideas that money can be created only as debt, as a loan and only for production. Structurally, a public banking system could establish the needed competition to reduce financial costs, and either mandating the Federal Reserve or fourth branch of government with full political independence to create and distribute a $2000/mo. universal dividend to everyone 18 and older and also that sets a discount in the range of 30-40% to retail prices and then distributes the monies/rebates participating merchants for those discounts so that they can be whole on their overheads and profit margins. This downsizes the 5000 year old problematic business model of finance and accomplishes more monetary and economic democracy and frees enterprise from the vain attempt to solve a systemic lack of demand/individual income by re-distributing that scarcity….instead of simply costlessly eliminating it by income and price gifting.

At time of paradigm change everyone except those who have fully recognized the new concept is blind, stupid and clinging to foot dragging partial reforms. This is no insult to anyone, it’s just the nature of paradigm change/consciousness raising.

At time of paradigm change everyone except those who have fully recognized the new concept is blind, stupid and clinging to foot dragging partial reforms. That’s just the nature of paradigm change/consciousness raising.

Steve Hummel 02/08/2017

Man not only does not know wisdom he also lacks experience of the pinnacle of wisdom, namely grace. All ignorance and misunderstanding is a descending from the experience of grace.

Steve Hummel 02/06/2017

Because economists are unaware of cost accounting as a discipline, do not understand the conventions of cost accounting or their economic effects, do not understand that depreciation allowances for businesses is not a forgiveness of costs, merely a stay of execution of them, do not consider the dynamic flow of total cost accounting datums in ratio to total individual labor costs (a subset of total costs, present in each continuing moment of the economy, and not by the way an argument for the labor theory of value), and so fail to see that in order for the economy to be able to attain (but not maintain) equilibrium a gift of income/money is the necessary, only and best way to do so…and an abundant gift of income and also an abundant reduction of prices…is the way to maintain that equilibrium. 

Bothness-Duality (Existence of Opposing Intellectual Truths-Humility)

Bothness-Andness-Intellectual Thirdness (Integration-Trinitarian Nature of Wisdom)

Bothness-Unity-Oneness-Simultaneity (simultaneity of both intellectual truth and self knowledge/self actualization, also simultaneous knowledge of all three levels of realities and consequent ability to recognize separateness between them [differentiation], see their reflectivities [sameness] and personally experience that as a unity, a oneness and a trinity/continuum)

Intellectual openness, i.e humility enables the very process of Wisdom, i.e. integration of truths and deletion of untruths, and with contemplation, the separation between abstraction and true self knowledge becomes transparent and hence enables a true experiential freedom of choice.

The third definition of Bothness above is the signature aspect of Grace

The Scientific:

[ Hypothesis  <–>  (Datum 1, Datum 2 …) ]

The Process:

[ (Start –> Change) –> Stop ]

Time

[ (Start, Change,Stop)  –>  Re-Start ]

Note: As this is also a continuum, continuousness, a flow and a newness (Re-Start) conscious perception of each moment of experience (Start, Change and Stop) and then conscious awareness that each proceeding perception/experience is distinctly new makes it the Grace-Consciousness expression/experience of The Cosmic Code

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

Additive/Cumulative/Unitary/Connectivity/Continuous Fibonacci Sequence

[ (1 + 2)  <–>  3 ] –> [ (2 + 3) <–>  5] –> [ (3 + 5)  <–>  8 ]  –> ……..

Integracience:  The combination of science and Wisdom

Gaslighting is a form of manipulation that seeks to sow seeds of doubt in a targeted individual or members of a group, hoping to make targets question their own memory, perception, and sanity. Using persistent denial, misdirection, contradiction, and lying, it attempts to destabilize the target and delegitimize the target’s belief.^[1][2]

Gaslighting is a confidence-faith destroying power Op. Wisdom-Integrative Thinking is a confidence-faith building process whose intention and ultimate result is greater self awareness of the power and reality of Grace-graciousness.