What I do not understand is the idiotic one way thinking of economic theorists, politicians and other so called “leaders” of society. All of the neo-liberal group think, xenophobic, militaristic and mutually exclusive political rhetoric and the equally exclusionary thinking of religious groups is more ideology in search of justification, preparation for battle and/or endless unnecessary contention and grasping onto surface identities instead of seeking the focus, contemplation and clarity that a wisdom tradition can bestow upon the individual and society. The modern world cries out for Wisdom and the integration, elevation and maturation of purposes it can bring.

It is thus the most inclusive and most underlying state as well. Grace is resonance.

While it is historically accurate that government has been either the conscious or unconscious dupe of the business model of Finance which is the real power “behind the throne”, the cynicism engendered by these individuals is largely mistaken. As Faith and Hope are stepping stones to Love which is of God and Grace, which is Love in action, then cynicism is a block at the start of that entire process. Power unbridled and un-transformed by Grace is errant, while cultivating personal graciousness and demanding policies that effect Grace in all of its aspects in the economic and monetary systems is Wisdom, and the most solid rock upon which a movement for permanent reform needs to be based.

Wisdom is the best state of mind or systemic state. The Process of Wisdom is integration. The definition of an integration is the inclusion and combination of only the relevant particles of truth, workability and applicability in what appear to be opposing ideas, philosophies and policies.

Economics, probably more so than any other discipline and system, is plagued by the unwillingness or apparent reluctance of its intellectuals to integrate. As the economic state of any society continuously impacts the mental, emotional and physical well being of its citizens, stressful economic times are probably the most disruptive situation for a nation. One would think this would make economists and policy makers more willing to find integrative solutions to the economy’s problems.

Let us bring Integration and so Wisdom to Economics.

Grace is a heightened awareness of the stunning reality of space, and of its energy potential. If Humanity simply becomes conscious of it and/or technology is able to tap into it, our social and energy problems will be exposed as anachronisms.   Steve Hummel 09/11/2016

The Gap between the moment to moment ratio of total individual incomes and total costs is (among other factors) indeed caused by a flaw in the cost accounting conventions which enforces the additional flow of depreciation costs into each financial and productive cycle.

However, an even deeper and more subtle barrier to its resolution and consequent economic freeflowingness is non-comprehension of the fact that the spacio-temporal universe abhors a vacuum/stasis/equilibrium and hence the moment such is attained, in the next moment it is once again lost. Hence, only “a higher disequillibrium” where the moment to moment ratio of total individual incomes exceedes total costs will the system truly attain and maintain”escape velocity”, orbit and free fall.

We were all born into the open and receiving aspects of Grace, and whether we realize it or not, we’ve all been trying to get back to it, mostly unsuccessfully, because we’ve not understood that there is no getting back to a lasting state of Grace except by integrating the accumulated conflicts within ourselves and that exist in our systems, until the thirdness-oneness of Grace is re-attained.

Every couple of centuries an aspect of the concept of Grace comes along and liberates part of Humanity’s Life. The Cosmic Code is the final and complete expression of this concept and shows the individual how to apply it to the various parts of their lives, and  policymakers how they can liberate and elevate our various systems.

One should always pursue the state of Grace both because its rewards are so rewarding, and because the results of not pursuing it are always so inevitably disappointing.

Steve Hummel 09/09/2016

DK:  The reformers would be better off abandoning the false endogenous money theory and sticking to the more solid fractional reserve theory, which is sufficiently damning by itself. The example of the Austrians and libertarians is illustrative. As you know they pretend to condemn the fractional reserve practice. Most rank and file Austrians revile it. Yet secretly their leaders refuse to outlaw it. Some of them understand that fractional reserve is the method for furnishing enough liquidity to stave off depression. But most of them oppose banning fractional reserve on the basis of their undiscriminating addiction to deregulation. As non-libertarians know, banking deregulation is the code word for not enforcing the law against criminal globalist bankers, and that the libertarians are witting or unwitting tools of the kleptocrats.

Me:  Whether or not the fractional reserve or the endogenous money perspective is correct, the fact that modern technologically advanced capital intensive economic systems are inherently cost inflationary by cost accounting convention is the more relevant insight. This is not the garden variety “interest is the entire problem” crank viewpoint. The flow of the set of interest costs is merely a subset of the flow of total costs which is the more underlying and generally unperceived problem.