I have complimented Steve Keen numerous times for his iconoclastic de-bunking of neo-liberal economics, but have also always told him that Minsky’s instability/ponzi finance hypothesis was more observation of inevitable human psychological flaw than systemic insight. MMT is aligned with my thinking because it would make money more abundant. The problem with it however, is that the money is not direct to the individual, and when one factors in the disruptive force of AI which I do not see as avoidable or compensate-able within any present economic orthodoxy ….and that makes the policies of Wisdomics/Gracenomics/Social Credit not only relevant but necessary….and if you understand that employment is a rather small set of possible positive purposes…..they are the more enlightened path forward for humanity.

Phil:  Please do tell us why you think Minsky changed his mind. It seems very odd.

Me:   @Phil

Because if you leave even an unconscious toe of your mind in the monetary paradigms of debt, scarcity and indirectness their real but merely apparent realities will eventually re-hypnotize and re-habituate you to their apparentcy, and consequently you’ll begin to think they are THE workable monetary solution instead of the deeper truth that integrating the paradigms of gifting, abundance and directness into the system are what is necessary.

The wise often speak in paradoxes. The wisest speak in triplicate.

Steve Hummel 11/08/2016

The combination of existing and inevitable factors will mean the policies of Social Credit must be implemented. Otherwise it’s eventual collapse due to either stubborn orthodoxy and/or palliative measures. And even if Social Credit policies themselves are implemented, it’s still then a matter of Social Credit thoroughly aligned with abundance, action/process and love….the three of which define Grace.

Most are 1) thoroughly stuck in obsessive Dualism, 2) a few stumble onto the third way and 3) very,very few consciously pursue Trinity-Unity-Oneness-Process.

Again, three realities integrated is the actual and complete reality.

I see nothing but erudite Duncie-ness all around. If we don’t do the integrative monetary and economic policy thing any orthodox policy on either side will backfire. I hold my nose and vote for the side that has the more gracious tendencies attending it, but again until either side awakens to Wisdom we will continue to march toward a greater collapse.

Destructive creativity is what must be avoided. Creative and WISE destruction….and the ability to discern the difference between those two can get us through this mess.

Just keep thinking about it. It’s a koan for either side to attain satori on. And I’ll be here to teach and/or hit you with a stick if I think you need it…until you see it.   :)) …..

They say that I’m mystical. And they’re right. What they haven’t figured out yet is that the physical/temporal universe is actually a continuous integration of two very real apparencies and consciousness….and so is itself also a mystical experience and reality.

:)) !!!!!!!…….

You and Keen are both ironically STILL stuck in accounting equilibriums and the paradigms of debt and scarcity. Hence you are both erudite dunces. The dual policies of Wisdomics/Gracenomics recognize all of the realities of Keynesianism in all of its variations and yet using the integrative tool known as Wisdom breaks through the old paradigms with effective policies that create the new paradigms of gifting, abundance and “the higher disequilibrium” of a greater rate of flow of total individual incomes in ratio to total costs/prices. In other words increasing individual monetary and economic freedom, ongoing price deflation that still fits seamlessly and more stably within profit making systems.

Also, Keen and every other heterodox economic theorist is stuck in the deflationary end point reality of the normal/immutable physical universe and hence economic reality/process of Start, Change and Stop…..when the entirety of the economic process has been inflationary for at least a hundred years. Hence he and they are ironically still stuck in the STATIC, non-process, unworkable and ORTHODOX present economic  and monetary paradigms.

The complete, whole and wise way forward is always a thirdness and more unified oneness, a Trinity-Unity-Oneness-Process.

In other words it is a continually verbish integration/integrating of two factors/ideas/theories/states which create a third reality which is/becomes neither of the two integrated factors/ideas/theories/states and is also more complete, unified and whole.

Integrate the truths that a woman should always have the final say about her own body and the truth that sensitivity to life is always the superior mindset.

[ ( bodily control x sensitivity to life)  <->  Conditional Tolerance (ethics)  and Sensitivity ]   …..both of which are aspects of Grace/graciousness