The turn over of money in the system does not resolve the problem that the rate of flow of total costs/prices inherently exceeds the rate of total individual incomes. The only way to resolve that deeper problem is a continuous direct payment to the individual. And the way to avoid asset inflation in particular and a continuous upward movement of the lower bound of costs, i.e. systemic cost inflation, is the implementation of a discount to the retail product of every industry that is rebated back to them by a monetary authority with the mandate of distributing the monies for both of those policies.

I am for the only concept which contains and includes both thinking and acting and their best, most thorough and loving integration  at the same time .  And that concept is Grace which is Love in action.  The concept of grace is simultaneous twoness, threeness and oneness imbued with Love.

Add a left going arrow point to the right going one.

[ ( A x B)  <–>  C/G ]

The Cosmic Code is an inclusive, dynamic and integrative formula for conscious and gracious thought and action.

Gracious Life and Living….is the expression of The Cosmic Code.

[ (Thought x Action)  <–> Grace ]

Life & Living

Understanding the concept of grace is the beginning of the undoing of mere philosophy/thinking and fragmented and incomplete policy/action.      Steve Hummel 10/20/2016

Grace

GM:  This is one reason why I asked you folks to define your terms. The meaning of such terms as “orthodox” is uncertain, and may just be”what this or that group of people believes.” But to discuss the ideas or beliefs themselves, one must first define them with some precision.

Me:  The paper, while making many good intellectual points, is stale dated to 2007. Looking at Keen’s work is simply a more updated version of what he is saying. And of course, what neither he nor Keen seem to be conscious of is that what is missing and sorely needed in economic and monetary theory is THE PHILOSOPHICAL CONCEPT of grace, specifically as in policies of gifting and generally as in a seamless integration of opposite truths, workabilities and applicabilities….and the deletion  of untruths etc. After all grace is flow and continuing active free flowingness. Fully understand AND APPLY the concept of grace….and you’ll have the thought/philosophy and actions/policies of an economic theory of such freedom.

If you’re willing, give me your definition of the concept of grace.