The more I think about it the wisest next step forward would probably be the re-definition of full time work/acculturation of personal purpose/education strategy I wrote about a week ago or so. Technology has always been “a two edged sword”. That needs to be understood and a culturally balanced approach taken even as the speed of innovation and disruptive force of artificial intelligence increase.

Having said this , it is equally essential that we deal terminatedly with the problematic business model of finance which will continue to usurp the cultural heritage of productive potential and incentivize and integrate the economic vices of gambling, pooling of money, rentiering etc. until they become inoperable mortal cancers. “The wise man sees trouble coming and hides/protects himself.”

As always wisdom is integrative thinking, the ability to discern correct and effective action…and then take it.

EB:  Josh was right, per our media experts. The New York Times wants short and to the point. So I cut out the banks-create-money part. Now 775 words.

AT:  Of course that’s what they want! They want war with Russia too!

Me:  Times over the lesson translates into mastery….and increased consciousness of the subject matter.

Contemplate Public Banking and monetary grace as in gifting.

Science  clarifies, or attempts to at least. I am four square for science. Actually I’m for good, that is open minded science and also for the signature of scientific breakthroughs down through the history of science which is the integration of the scientific method with an aspect or aspects of grace-consciousness. The most recent example of this was Einstein’s space-time by imagining (the aspect of grace-consciousness) a man jumping out of the window of a building across the street from the patent office where he worked and sliding down space-time.

Actually Einstein’s breakthrough was only partial because he and everyone else was only partially conscious of the components of grace-consciousness which are space, time and conscious awareness itself, the latter of which enables one to deeply experience space and time  palpably as dimension and nowness instead of as mere or half experienced abstractions.

What the world desperately needs and unconsciously is reaching out for is wisdom. Human wisdom is the process of integration of the truths, workabilities and highest ethical considerations of opposite ideas, theories, forces, intentions etc. and the deletion of untruths, unworkabilities and lesser ethical/unethical considerations.

As the process of wisdom is the comparison and correct combination and deletion of data, factors  etc. as per above it is actually a science/example of the scientific method….with the added (essentially human) component of ethical consideration. It is a science-plus in other words.

Let us have the science-plus of wisdom.

You’re completely right that finance capitalism creates pointless jobs. It has to in the (vain) attempt to create a flow of total sufficient aggregate demand to liquidate total systemic costs which as a flow always exceeds the former. And that’s why all “dyed in the wool” capitalist theorists/pundits who ignore the problematic nature of the business model of finance are actually unconscious advocates of a socialist work state. Do I beat my drum for socialism? No, re-distribution of scarce demand is not the solution to an inherent scarcity of demand. However, if you integrated the dynamism and efficient allocation of resources of capitalism and the intention of economic democracy of socialism you would get a third more unified and whole monetarily gracious and abundant and yet efficient distributive economic system. Integration of the truths in opposites is always wisdom. What economists need is a new philosophy, an integrative Wisdomics that takes us out of the idiocies of obsessive theoretical contention and toward a new thirdness, wholeness and oneness of theory.

As integration is wisdom and grace is love in action, that would be the continuous  wisdom of love in action also known as grace. Or as per The Cosmic Code:

[ (Love x Action) <–>  Grace ]

Thus that philosophy must integrate all fragmented disciplines, sciences, aspects and spheres of Mankind’s life. It must integrate them recognizing the tenets of integration-wisdom itself. Yes, there will always be dualities, but there is and always will be  both a scientific and wise integration of them. Let there be no stone unturned. Let all thinking-philosophies and all doing-policies in all aspects of Life be integrated and be continuously integrated. It is wisdom and the pinnacle of wisdom.

Not a one of you has the brains or ability to think outside of the economic box and realize that the solution to both robotics and the domination of every enterprise and 95+% of the population by the business model of finance is monetary grace as in gifting. It’s simultaneously laughable and tragic for someone outside of the box to see all of you to offer up cynicism, orthodoxy and resignation as the only response.

I show you how the policies that would integrate price deflation into the economy would work, and save everyone and every business the pain of the bludgeoning that price deflation wreaks without those policies and it falls on deaf ears. Orthodoxy makes masochists of otherwise well meaning human beings. Again, if it weren’t so stupid it would be laughable.

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Extremely interesting and enlightening discussion on that thread Mish. Everyone is unconsciously-semi-consciously dancing around the very things that I have been saying are necessary to non-self destructively extricate ourselves from the converging crises we face, namely Wisdom as in integrative thinking and grace as in monetary gifting. 

Wisdom is not BS, and the concept of grace as in gifting is a valid economic concept..especially when the rate of destruction of aggregate demand is set to vastly outpace any rate of job creation, and in view of the scientific fact of inherent cost inflation based on the second law of thermo-dynamics as applied to energy and its costs.  

All that is missing from economic theory is the intention to integrate ideas (wisdom) instead of getting caught up in obsessive theoretical debate, and unconsciousness of a fully fleshed out pinnacle concept of wisdom, namely grace as it applies to economic and monetary realities on the ground.

Congratulations, what you’ve discovered is graciousness. Love is the supreme human experience and grace/graciousness is simply love in action in the temporal/physical universe. Contemplate Grace and you become gracious. It’s the greatest gift you can bestow on others and is actually a greater gift given to yourself. The concept of grace is actually the solution to our economic and monetary problems, and is the concept explored on my blog and in my economic theory of Wisdomics-Gracenomics here:

wisdomicsblog.com

I’ve been reading and learning about economics on the internet now for at least 10 years. Mish Shedlock, Steve Keen, others. Then I discovered Social Credit and I learned a great deal from a group of man on a Google group dedicated to keeping Social Credit alive and its policy framework that is necessary to bracket, encompass and interpenetrate the economy and thus control it. I owe a great debt to these individuals and to C. H. Douglas for their penetrating understanding of the modern economy’s actual problems and the philosophy behind its correction.  Compared to all of the other knowledge about the economy Social Credit is a gem, a clarifying insight that places all other theorist’s “insights” in the category of erudite duncery. And yet I sensed there was more to be derived from those insights. In my contemplation of the concept behind Social Credit, grace, I gained additional insights into its character and nature that would further strengthen and extend its dual policies. Several seminal personal experiences and my studies of certain wisdom traditions and philosophies also aided my insights into the extensions of Social Credit policies.

As time has gone by I’ve realized just how bereft of deep and genuine insight even the smartest and most iconoclastic of economists actually possess, and how blinded by orthodoxy even the best of reformers also are. I feel incredibly blessed to have discovered Social Credit and its policies and philosophy, and I intend to discover even better and deeper ways to make its policies more effective and freeing for both the individual and the system.