The individual is. Hence all systemic policy should be for the first, direct, immediate, continuous and primary benefit  of each individual as well as the free flowingness of the system itself. Such primacy of consideration for the individual not only humanizes economics, but also pins it to the beatific chains of Ethics which in a world of self aware beings is itself a requisite.

Steve Hummel 05/04/2016

Social Credit is the only economic theory whose policies honor this fact and necessity of policy effect. Other theories and reform movements from Neo-liberal DSGE to Keynesianism to Steve Keen’s Disequilibrium Theory to MMT, Sovereign Money and Public Banking do not have policies that immediately penetrate all the way to and directly and beneficially effect the individual. Hence they are merely Social Credit for the Banks (Neo-liberal DSGE), Social Credit for the government (Keynesianism, Disequilibrium Theory, MMT, Sovereign Money) or are only structural and so lack the  full directness, immediacy and continuance of Social Credit policies (Public Banking).

It should be noted that directness, immediacy/nowness, continuousness/through Time, interpenetrativeness/saturation and primacy of consideration/ethicality of the individual ….are all aspects of the concept and historic description of the experience of Grace/Oneness with God and/or one’s own self awareness/consciousness.

You’re half way to social credit Mish with a negative sales tax which is just a less efficient way of implementing a retail discount. Of course because depreciation is a large ADDITIONAL cost of production and there is no current means of bridging the macro-economic gap between it and individual incomes except to borrow which unfortunately just adds more systemic costs….the problem will still persist. Unless a universal dividend is implemented which adds neither cost to the individual nor the system. Come on Mish, you can see that. Become an actual social crediter. Why you can even integrate social credit with Austrian economics by making the retail discount 30-40% so that deflation is a fait accompli. Social Credit is NOT socialism after all. It fits seamlessly within profit making systems. After you drop the unworkable and unethical aspects of present economic theories you’re free to integrate only the truths, workabilities and applicabilities of the opposing orthodoxies and come up with a third, more unified and humane whole.

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Ron J:  “After you drop the unworkable and unethical aspects of present economic theories you’re free to integrate only the truths, workabilities and applicabilities of the opposing orthodoxies and come up with a third, more unified and humane whole.”

Human nature never changes. Cycles cannot be eliminated.

Me:  You’re right about cycles, but with those policies in effect the stability of the economy and the investment climate would be so much better than it is now that people would look around and say, “Why didn’t we break up the Banks monopoly on credit and their monopoly on the vehicle for the distribution of money….a long time ago.”

Human nature has an inherent and very powerful capacity to love and care….you just have to get outside of the prison of homo economicus….to see it.

These measures will be gamed by the operators and interests of big finance just as high speed trading is. Efficiency pushes the economy closer and closer into the present moment and will actually de-stabilize it as the inherent moment to moment reality of the monetary and economic system is a scarcity ratio of total individual incomes to total costs/prices, and so such efficiency will reveal the fallacious BELIEF that the problem is merely economic and monetary profligacy/excess….when it is inherent cost inflation instead.

Just posted to Mish Shedlock’s blog:

Of course inflation doesn’t produce growth. And wage increases will inevitably result in increased inflation…..unless of course you pair it with a macro-economic mechanism like a retail discount that automatically creates price deflation and yet, because the discounts are completely rebated back to participating merchants is not only perfectly consistent with a profit making system but also reflects its classical goals of balance, equilibrium and flow.

DSGE Finance Capitalism and Austrian economics are both fragmented theories that dramatize and fetish-ize a particle of economic truth when what we need is an integration of their particle of truth with the one concept that both humanizes economics and is the only valid economic and monetary answer to our system that has enforced austerity on the individual despite our being able to produce plenty with the accelerating minimalization of employment.

YOU’RE ALL NASCENT SOCIAL CREDITERS AND ADVOCATES OF WISDOMICS/GRACENOMICS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And of course focusing on usury is equally such fetish-ization.

Posted in reply to a poster citing Steve Keen:

Precisely. Except inherent cost inflation has been occurring throughout the entire process and is masked by the continual monetary stimulus. Keen has unconsciously rediscovered all of the things Douglas said 90+ years ago except he doesn’t have the integrative insight to suggest the correct policies at the correct time and place….to effectively equilibrate the system….and not insignificantly free the individual from the increasingly tyrannical system.

Essentially everything in Life is fetisized to one degree or another except the direct and focused experience of self awareness which is the continual balanced flow of consciousness also known as being in a state of Grace.

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I don’t see how deciding on the credit available to the economy is not “running something.”

Correct. If there’s one thing Social Crediters tend to be somewhat culturally hidebound to and hence blind to its the current dominant belief that government is always bad. Of course any agency public or private is ultimately corruptible….unless its policies are squarely focused and aligned with the one concept exquisitely aligned with the consciousness and ethics of God him/herself, that is Grace as in Love in action. Policy being the action of systems, it is logical that such policies be so aligned.
“Compound interest is the basis of every mortgage I have ever seen in the U.S. That is why the price of a home on a 30-year mortgages more than doubles the cost. And they make you pay this up front, before the principle, even though the time on which the interest is based has not come to pass.”

Correct again.

“No one had to mangle the definition of capitalism into a derogatory term. It is the nature of the beast that capital ends up the central focus. Lenin was wrong when he said that imperialism is the highest stage of capitalism. Capitalism eventually turns into fascism, which is what we have now: corporate control over the state. Everything is commodified, including people.”

Again correct. However, in order for there to be an actual solution to the problem instead of a mere reaction to it a third unitary integration of the truths, workabilities and applicabilities of both capitalism and socialism is what is needed. And that would be a profit making system of monetary Distributism aka Social Credit and its philosophical exegesis Wisdomics/Gracenomics.

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The three major mindsets of Science, Spirituality and Logic are incorporated into the formula of the Cosmic Code.

Introduction

Acknowledgement of C. H. Douglas and others.

Ia. The History of Man is Marked by His Becoming Consciously Aware of Ideas That Increase His Survival and by How These Ideas Can and Should Be Applied.  History also records how all new paradigms are absurdities….until they become absolute certainties, and inversions and reversals of current orthodoxies are almost always the signature of such paradigm changes. Hence the saying: Daemon est deus inversus…The Devil is God upside down.

II. Statement of Alignment and Reflectivity of Philosophical and Spiritual Concept of Grace and the Major Classical Goals of Economics

III. Relevance of Ethics/Spirituality to Economics. A fully human system must include the full nature of Man not just a biased and/or culturally hidebound caricature of him as is the current utilitarian and competitive model of homo economicus. To one degree or another virtually all Men are consciously aware of morals and ethics. Hence the idea of objectivity-values neutral  policy goals is not only  obviously futile, but also false.    One of the component parts of Wisdom is ethics, and the pinnacle ethical concept of Wisdom is Grace/graciousness in the midst of Life. Therefore Grace/graciousness is the highest and best guide for both individual development and systemic policy.

IV. Policies Reflecting Grace is What Present Economic and Monetary Theories Lack, and a New Economic and Monetary Paradigm Based on Grace is What is Needed For Economic Stability and the Survival of Profit making Systems

Part I  

All of the current Cutting Edge Theories and Reform Movements Unconsciously Have as Their Major Thought/Policy Recommendation/Goal, One or More of the Aspects of Grace….and every current economic orthodoxy has a reactionary value opposite of Grace and/or holds up as a solution what is now a problem in economics and yet has the appearance of economic truth in it like DSGE (belief in inherent systemic equilibrium) and Austrian Economics (frugality, “no free lunch”, price deflation).

Steve Keen’s Disequilibrium Theory -Grace as in Continual Process and Stability Within Fluctuation and  “a Modern Debt Jubilee” i.e Forgiveness of Debt

Ellen Brown’s Public Banking-Grace as in Continual Presence/Continual Ethical Presence

Basic Income Guarantee-Grace as in Giving

MMT-Grace as in Sovereign Control

Positive and Sovereign Money-Grace as in Sovereign Control

Social Credit-Grace as in Monetary Gifting both Directly and Reciprocally

Wisdomics/Gracenomics-Grace in every one of its aspects including conscious awareness itself, the concept of Trinity-Unity/Dialectic, the integrative process continually and in its entirety, the complete integration of science and spirituality, quantum mechanics and cosmology, thermo-dynamics and spirituality.

Part II

What Is Wisdom, Why Is It Important For Economists and Policy Makers To Understand Exactly What It Is and What Is the Highest Wisdom?

Integrative Refinement: Combination of Only the Truth(s), Applicabilities and Workabilities…The Answer To Political Gridlock, Political and Theoretical Equivocation With Financial Domination Via Rigged Enslavement To Debt and the end of Economic Policy Confusion and Fragmentation

Grace As In Continuous Integrative Refinement and Personal and Systemic Flow are the Pinnacle Concepts and Experience of Wisdom

Part III.

The Most Basic Problem (Continuous Scarcity Ratio of Total Individual Incomes to Total Costs and So Minimal Prices) and How Grace As In Gifting Is the Only Valid and Workable Policy Solution To It

Part IV

How the Policies Of Wisdomics/Gracenomics Dovetail With Both Quantum Theory and The Laws of Thermo-Dynamics

Which Apparently Opposing Theories Does Wisdomics/Gracenomics Integrate.

The Logic and Dialectic of Grace:  Integrated Duality Within Integrative Trinity-Unity

Part V

Questions and Their Answers

The lesson of the quantum universe is Trinity-Unity because the dualities of now/not now (Time)/here and not here (Space)  are continually being integrated in such a thorough way that existence/non-existence occurs and the intention to know or not know (consciousness and unconsciousness) arises out of it.

We in the temporal universe where these dualistic states, actions, conditions appear to be separate, fragmented and opposing generally mistake duality as ultimate reality because we miss and/or invalidate the subtlety of consciousness. However, if one focuses on the integrative and unitary aspects of such dualities it becomes increasingly clear that Trinity-Unity is the true reality.

Enjoy your lives together. There are many worthwhile goals and identities for each of you to choose and pursue, and by all means do this, but underneath of it all always choose to consider the most gracious and so loving path, the most gracious and loving action toward each other, toward others and probably most importantly toward yourselves. This will insure that you are pursuing the Good which is what is best and most rewarding for both yourself and others.