Wisdomics/Gracenomics/Social Credit has no problem with cost cutting and frugality per se. It just wants to integrate both frugality/economic and resource conservatism and abundance as in monetary grace. Likewise, it is for keeping the valid and necessary tool of cost accounting and its conventions while simultaneously transcending the latter’s flawed application which prevents a deeper stabilization of the economy. This is accomplished via the policies of monetary grace as in gifting

The truly integrative individual’s problem is often continual misunderstanding if not invalidation due to the apparency of the dual  nature of the temporal universe and/or and people’s habituation to that viewpoint and proclivity to grasp onto strong viewpoints that contain both particles of truth and untruth.

It’s curious that you revile and ban me on your Debtwatch site despite my compliments regarding your iconoclasm, and agreements with virtually all of your conclusions about DSGE/neo-liberal economics. Maybe you should reflect a little and consider that perhaps your reaction to me is more about an annoyed unwillingness to move from an entirely contentious iconoclastic mindset toward a mindset aligned with your own thinking but which emphasizes more integrative policy solutions….policies which if one actually looked at their direct economic effects and monetary validity would free both the individual and the system. Wisdom is an integration of both the iconoclastic and holistic viewpoints. Habituation to iconoclasm and the modern tendency to be both suspicious of religion and ignorant of its actual value, i.e. Wisdom, makes it altogether possible that energetic advocacy be mistaken for obsession. So be it. I actually don’t want this to be overly perceived as a scold. You ARE in my mind the most astute economist on the planet. Good luck in your endeavors.

Financial austerity/lack of monetary boldness cloaks itself in goodness and rationality. Unfortunately it is merely the extension of short sighted and shallow orthodoxy. Yes, we have less employment than is optimum, but do policy makers think we will have more and sufficient employment if the current financial paradigm of austerity continues to be enforced? And is employment or positive purpose the deeper and more essential solution to Life’s problems. Can we grow our way out of our lingering financial crisis if in the next 10-15 years innovation and artificial intelligence combine to eliminate 40-50% of the current total employment, or is a new paradigm of universal monetary gifting combined with a concerted and integrative effort by government, the clergy and the helping professions to make people more aware of the multitude of positive purposes available to them in addition to employment….not the wiser and more complete solution?

Our leaders need to access Wisdom instead of unconsciously repeating tiresome old orthodoxies that obscure and prevent integrative and constructive solutions.

The problem with economics and economists is not in what they know, it’s in what they miss because they do not look closely and hence do not know.

https://groups.google.com/forum/#!topic/public-banking/RqDHtmiPQQM

Yes the federal and state governments could do exactly as you say for commercial
enterprise. And it could also create the monies for the dividend and discount so that as both systemic costs increase due to the increasing costs of capital formation, and innovation and AI increasingly erode aggregate individual incomes…there will be more than enough income generated/created to keep the entire system flowing and increasingly freeing.

The integration of Public Banking and Wisdomics/Gracenomics/Social Credit is the total answer.

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Kevin,

John has given an accurate listing of the temporal reasons why Social Credit hasn’t “happened”. In addition to those absolutely valid observations you have the fact that the current world mindset is largely ignorant of Wisdom and even increasingly unwilling to consider it of any actual value. The process of integrating truth(s), workabilities, applicabilities and obvious existences is the very process of Wisdom itself.

What I like the most about Social Credit and what economists and policy makers fail to realize is that its policies are the solution to the individual’s economic problems. As the individual is the most fundamental aspect of the economy so is Social Credit the most fundamental and essential starting and ending point for the economy’s problems. It’s dual policies of a dividend and discount are in fact an integrative whole that resolves not only the individual’s problems….but also the system’s lack of stable free flowingness. Within this wise/integrative framework you have other valid critiques and reforms like Public Banking, (a more economic integration of the problem of Financial dominance) Georgism (the same with rent), the valid critique of global corporate dominance, etc.

We only need to look at the current American presidential campaign where the slimiest tactics and most tiresomely orthodox viewpoints on both sides are stuck in obsessive contention….and an idea like integration of truths is lost in all of the heated distraction.

The modern world is essentially an obsessive mindset of Dualism needing desperately to find its way back to Trinity-Unity which is an integration of the mindsets of science and spirituality. and Social Credit’s policies are the integrative Trinity-Unity solution to the most pressing present time problem holding the ignorance of obsessive Duality-contention in effect.

What we need is a media outlet whose programming expresses the motto:

More Questioning and even more….integration of opposing Truths.

Hopefully Steve Keen will continue to be an awakening Social Crediter. He has re-discovered numerous of the discoveries of Douglas.  Economic Wisdom is extremely important to obtain, and monetary grace its temporally attainable goal is its pinnacle policy expression.                               Steve Hummel 10/17/2016

“Derivatives are financial weapons of mass destruction.” Warren Buffet

Me:  Yes. Another reason why monetary grace as in responsibility for correcting/unwinding monetary-debt error without foisting that responsibility off onto others….is so necessary. It’s also why monetary grace as in forgiveness of debt/jubilee is also grace as in Wisdom…as the lingering and actually increasing debt overhang threatens to endanger everyone and everything unnecessarily. And grace as in swift, definitive, wise and caring action in the present moment is the way out of the current mess and the way home to freedom and continuing prosperity.

Some might say, “Everybody knows this.” But that’s just it, the fact is they don’t know it CONSCIOUSLY, or perhaps consciously enough due to having fragmented and/or dissonant ideas that obscure the truth expressed. And this is no crime of course….but neither is it an excuse not to consider it and help to create a better world. After all Wisdom and grace as in the ethical integration of thought and action is the healthy and constructive response.

The reason why the philosophical concept of Grace is the answer is because it is bothness/opposition/Duality integrated.         Steve Hummel 10/17/2016

SM:  In a world where some get paid $200 million for sitting around like a chicklet, squawking about how the world will “collapse” lest Yellen freely drops money stolen from others down their throats, delusionality is the new reality. Can you blame anyone else for wanting in on the game as well.

The important part, is to not drag third parties in. As in, no taxpayer topups, “shared sacrifice,” or other nonsense. The officers were promised a certain pile of goods, and they’re hardly evil for expecting those promises to be honored. But the ones required to honor them, are the ones who made them. Not a bunch of “taxpayers”, many/most who weren’t even born yet when the deals were made.

It may sound harsh, but it is literally a better outcome that every officer, all their kids and spouses, and everyone who are in any way dependent on them, die the most gruesome death from outright starvation in the streets, than for the government to take one fractional penny, from one single person, who was not a party to this whole mess. Since once that “thin blue line” is crossed, it’s open season on anyone’s future.

Me:  Not so at all if one integrates the policies of a directly distributed/gifted universal dividend and a general discount to retail prices that is fully gifted back to the merchants who gifted the discount to the consumer. These policies wisely and pin pointedly resolve the problems you correctly identify, do not add a cost to the system which already creates a greater rate of flow of costs/prices than it does a rate of flow of individual incomes, are unobtrusive on enterprise, are universally shared and correctly make the system reflect its abundant nature rather than enforce an arbitrary, enslaving and moralistically puritanical austerity on it.