The conditions of economic free flowingness and the personal state of Grace are exactly the same: Balance, Equilibrium and Flow.
What does this perfect reflectivity mean?
It means that systemic policies that also fully reflect and contain all of the component parts of these conditions will effect both individual freedom and systemic free flowingness. This is logic.
Now orthodoxy regarding these component parts can get in the way of the actual free flowing of the integration of all three component parts.
orthodox equilibrium=theoretical belief in general equilibrium =lacks disequilibrium caused by depreciation costs
Restrictive and invalidative Scientific orthodoxy regarding thermo-dynamics and spirituality=invalidates both need for free flowingness through Time and the freeing mental and systemic effects of Grace
Understanding the necessity of Integration-Wisdom and the pinnacle concept of Wisdom, i.e. Grace, is the key to a natural, inclusive and non-invalidative understanding of these concepts/experiences.
Get Ideas and the inevitability and utter importance of ethics in human affairs clearly defined, straightened out and accepted first….and your actions and systemic policies will reflectively follow as night follows day.
Attempting to live one’s life without graciously developing and preparing one’s consciousness for inevitable change, or to set up a system without thinking about the nature of its moment to moment reality is confusing freedom with chaos and an invitation for disaster.
Decentralization is a good idea. Organizing a decentralized economic system so that its policies and effects align with and create immanent economic and monetary freedom for the individual and freeflowingness for the system…takes observational, philosophical and ethical preparation…..and that hierarchical trinity-unity cannot and must not be forgotten or ignored.
This is a truism, yes, but if we aren’t as conscious as we can be as adults, it is incredibly relevant and ought to be a tremendous motivation to increase our consciousness levels.
So what we need to do is completely comprehend consciousness and maintain that experience as thoroughly as we can through Time…and that is the state sages have been pointing to as freedom/nirvana/heaven since time immemorial.
Yes, I’m glad this thread has arisen as well because it finally can be shown that, contrary to world2steven’s well meaning but mistaken assumptions about Social Credit’s/Wisdomics/Gracenomics’ failings, it can be shown that its policies combined with the digital nature of the money system and the evolutionary concept of monetary Grace/Gifting….are exactly what are required to bring an end to Soddy’s complaints as well as the dominance and profligacy of Finance.
First of all Douglas was aware of and in large agreement with Veblen, and his use of the term “economic sabotage” was all over his and others’ writings about Social Credit. Sabotage is a subtle but huge aspect of the Gap that awakened economists will increasingly become aware of and actually be able to eliminate….once the concept of monetary Gifting is properly implemented into the economy. For instance if Gifting within the digital nature of the money system is increasingly utilized to grant humanity economic security then taxation for the purposes of re-distributing money to those who do not have it and for governmental services and even for infrastructure….then become completely redundant and can be eliminated for both the individual and for businesses.
Secondly, tying a REBATED Discount mechanism to the exact ending point of the economic/productive process enables us to reduce prices, increase purchasing power and hence utterly link the correct, an exact and with Wisdomics/Gracenomics’ deflationary Discount policies not only eliminate the specter of inflation BUT ENABLES A DECREASING NOMINAL AMOUNT OF MONEY FOR THE PURCHASE OF GOODS AND SERVICES. Thus both Soddy’s and everyone else’s inflation fears are eliminated, and again the vector of the economy is toward less and less Finance necessary. So instead of the State “withering away” the demon of Finance, which is the major reason for its corruption, is de-throned, de-toothed and downsized. And of course if policies continue to be aligned with Grace/Gifting people will become increasingly aware of the ethically transformative and freeing aspect of such a concept as well.
Reciprocal monetary Gifting (to the consumer and back to the merchant) ingeniously utilizes the digital nature of the money system to control and economize Finance.
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He talks about some of the things I have been saying for 10 years, and yet he’s still caught up in the old paradigm of Debt enough not to see that a thorough and complete integration of monetary Grace/Gifting into the Debt based system will resolve and stabilize the economy through Time.
Retail sale is the perfect place to implement macro-economic policy because every business has a retail customer/product. Even wholesalers whose products and services are their retail product/service….to other wholesalers or retailers. It’s the perfect place to implement policy that can increasingly free both businesses and individuals. Keen has probably never been enough of a “hands on” businessman to consciously perceive the costing/pricing system/the actual costs of business and how it rules the micro-economy, or to perceive the significance of the fact of the terminal end of the productive process at retail sale. Hence they worry too much about the “dangers”/”difficulties” of helicopter money. With a digital (+,-) money system the answer to a scarcity ratio of individual incomes to costs/prices and to inflation Gifting (a universal Dividend) and reciprocal Gifting (a deflationary Discount).
A: A demand, after all, is something that can be refused. The whole point of money is that it has to be taken in payment.
Me: “A demand, after all, is something that can be refused. The whole point of money is that it has to be taken in payment.”
Correct. And that is the problem with complementary currencies and a priori decentralized attempts to resolve the monetary problem. But if you utilize the power of legal tender integrated with policies that actually effect individual freedom and systemic free flowingness….why make a logical result more difficult than it has to be or miss/alter the point that A = A, i.e. freedom is freedom.
Finally, as it frees both the individual and businesses from the tyranny of Finance, it is imminently palatable and marketable to both.
Me: “Much of modern development would have been impossible without someone creating money,…”
“In other words, the modern financial system may be corrupt and evil, but the system is immensely valuable too. It needs reform, not discarding.”
Correct on both accounts. And that is why we must integrate monetary Grace/Gifting into the debt based system. An integration is always a combination of only the true, workable and applicable aspects of two aparently different systems…otherwise it wouldn’t be Wisdom/an integration, it would be an idiot compromise of sorts that actually thwarts and prevents an integration and the actual resolution of problems.
Another example of an actual integration is of Grace/Gifting into the extremely valuable system of cost accounting/double entry bookkeeping. Gifting corrects the flaw there in the convention that all costs must go into price despite the fact that as the economy became more and more capital intensive and so costly it became less and less workable and stable do to the additional costs.
Integration evolves, and deep enough and/or continuous integrations transform.
Yes, issuing it originally to banks without interest either via the government or via a central bank with specific policies is enlightened. However, even a state bank like North Dakota’s is going to charge interest on the loans they originate. Having an entity like a National Credit office that monitors and gives the go ahead on loans for their underwriting quality as well as for the actual parties involved and the purposes for which the loan is made is part of an ethical money system also.
While we’re making distinctions I’d like to point out that a money system and economy that merely has money extracted from the circular flow could be stabilized by having the government spend money into the economy for infrastructure etc. However, if there is extraction of money from the circular flow and ALSO a scarcity ratio of individual incomes and costs/prices that occurs no matter how much money is pumped into the economy then no amount of money actually spent into the economy via enterprise will stabilize it….because the system itself creates the problem. And that is why gifting utilizing the plus and minus digital nature of the debt based money system….is the only way to actually and completely stabilize such a system.
Me: Yes, again there is an awakening taking place. Economists need to wake up and be real or butt out of the debate regarding Basic Income/Dividend. As for the question: “Will people just sit around and do nothing?” is concerned the answer is….yes, a relative few will do so….and be woefully unhappy as a result. But the vast majority, even under an onerous system like we have now, find purpose anyway, and I strongly suspect an even greater percentage will do so when they don’t have to spend 50+% of their waking life doing something stultingly boring and/or non-self determined so that they’re too tired or semi-anesthetized to do anything but sit in front of the TV or digital monitor afterwards.
The intelligent and non-economically hypnotized question to ask is: How can the society cooperatively and effectively acculturate people for purposeful living whether that be via employment or some other non-paying activity….or both?
Relationship and result between cost inflationary nature of Economic system, taking the path of least resistance (borrowing to maintain and replace concrete capital) instead of the truly economic approach to paying for depreciation costs (paying for those costs out of retained earnings) and how this palliates the unethical domination of every other business model and every individual in the economy (instead of ethically dealing with it).
Also, whether or not a business is going to pay for depreciation via future borrowing or out of retained earnings….I guarantee that they are still passing the costs of depreciation along to consumers right along and hence the Social Credit insight that total costs exceed total individual incomes is the actual reality. That, and if businesses, in order to survive even for a season will do the uneconomic and unethical thing (that is borrowing to pay for depreciation costs, which palliates and actually reinforces Finance’s dominance) ….then I guarantee you the overwhelming majority will also unethically charge the consumer for depreciation and find a way to disguise the distribution of any profits that could have been used to pay them out of savings/retained earnings. An onerous and dominating system will inevitably have such unethical and uneconomic effects.
The above paragraphs describe the actual present system for a long time. The problem now is…..even the Banks are zombies as a result of their own profligate creation of Debt.
Social Credit/Wisdomics/Gracenomics/ Gracientialism 