Nature/The Temporal Universe Abhors Stasis/A Vacumn. Consequently simply equating an economy is doomed to defeat by the ever present and overwhelming forces of entropy and the laws of thermo-dynamics. Mere equilibration will always be “behind the curve”. The present system is cost inflationary due to a scarcity of individual incomes. Both sides of that ratio needs to be reversed so that there is an abundance of money/purchasing power from a dividend approaching middle class levels AND falling prices, i.e. price deflation via a retail discount. These policies together actually integrate non-entropy/Grace into the system and simultaneously reverse the entropic vector of the entire economy while also aligning it with the continuous change/process nature of the entropic/temporal universe.

Reflective Conscious Integration of one’s own awareness and the emanations of everything in the environment.  Objective/Integrative Processing.

Note:  Have people postulate that their awareness is much more focused, strong and powerful than the emanations from the environment they are integrating with, and direct their attention directly onto the present time environment via repetitive and specific sensory  perceptions that force them out of their minds and into and onto the present time environment.

If we would implement a discount to retail prices that created price deflation and then rebated the totality of an enterprise’s discounts back to them so that they were not harmed in any way….that would integrate Austrian deflationary policy into the system would it not? Monetary Grace as in reciprocal free gifting creates a steady and stabilizing flow of money to compensate for the costs of depreciation and for the disruptive loss of macro-economic aggregate incomes due to innovation and AI. Wisdomics/Gracenomics integrates Austrian theory seamlessly and painlessly into the money system and economy. You heard it here first.

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Ever rising costs due to depreciation that are not balanced by an additional supply of individual income…..will inevitably roll down hill and wreak havoc. Oh well, just implement a universal dividend to everyone 18 and over and a deflationary discount to retail prices and….stability and prosperity breaks out all over the place. Why allow the idiocy of socialism or the unnecessary pain of Austrian economics to be foisted on us? Just implement Wisdomics/Gracenomics instead and everyone is free and the system is free flowing.

I don’t have any objection to a better marketing strategy for the implementation of Social Credit….so long as the leadership remains consciously aware of the actual causes. That way the movement maintains an internal integrity and focus that guards against its leadership allowing itself to get “picked off” in undue compromises or power struggles and then the dynamism of the movement dissipates into nothingness. The forces we do battle with are very smart and will use every tactic in the book to remain in power.

The policies of Social Credit are actually one of the best political strategies possible. Why? Because they engage the monetary self interests of both small to medium sized businesses and every consumer. Now those are extremely large constituencies! That’s why I suggested we market both banking in the public interest and social credit there. If I may be so bold, that is the new Powell/Hummel memo.

Also, the policies of Social Credit (and of Wisdomics/Gracenomics) GUARANTEE that additional, increasingly abundant and/or potent credits are actually made available to the individual. We’re in a political revolution here, with the outsiders generating all the excitement. We just need an economic revolution to go with it.

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Ellen:  We’re in a political revolution here, with the outsiders generating all the excitement. We just need an economic revolution to go with it.

Me:   Yes, an awakening that the core problem is the entropic costs of depreciation etc. and the keystone obstacle to correcting that reality is a parasitical Banking system that is woefully economically inefficient and that blocks the new paradigm of monetary Gifting.

From the Blog:  Based on my analysis of Polanyi’s methodology, I have come to the conclusion that a radical economics textbook for the twenty first century can be based on a single CORE principle, which REVERSES conventional methodology. Conventional methodology, both heterodox and orthodox, considers economic theories to be a means to understanding economic events. INSTEAD, we should look at how theories emerged as people searched for explanations for emergent historical events.

My response:  How about the raised/actualized consciousness historical perspective? Over 2000 years ago the concept/experience of Grace evolved the Judaic legalism/formalism of its time. (Grace here is most basically consciousness/cognition itself…no matter who one cares to attribute its origin from, either God or one’s conscious Self.) Reflectively the concept of Grace as in the free monetary Gift integrated into the debt based monetary system is the only valid way to approach equilibrium in an economy inherently in a state of disequilibrium of total individual incomes and total costs and so prices, and increasingly so as the disruptive forces of innovation  and artificial intelligence pick up speed and further erode aggregate individual demand. As such, Economists are like Paul on the road to Damascus….and only one cognition away from economic transformation and redemption from otherwise inevitable collapse and likely a rhyming war in an era of modern weaponry.

As the experience of Grace is most basically the experience of consciousness and conscious recognition/cognition itself, no matter who one attributes its origin to either God or one’s Self, the following post and Latin phrase and biblical verse expresses just how unexpectedly close the Austrian economic perspective is to the Social Credit one.

As a little background to the post, Mish Shedlock has been unconsciously publishing data on his blog for years that tends to confirm the Social Credit insight, and likewise Steve Keen, who comes from an entirely opposite Post New Keynesian perspective, has been unconsciously re-discovering What Douglas said 90+ years ago, which proves one can actually miss reality and a conceptual truth no matter which apparently opposing perspective you come to it from.

And so the actual post:

You’re all such pitifully, right on the edge of cognition, nascent social crediters. And Wisdomics/Gracenomics is the one additional integration further of Social Credit and Austrian economics that will flip your minds back toward economic and ethical sanity. Yes, demon est deus inversus and “For yourselves know perfectly that the day of the Lord so cometh as a thief in the night.” I Thessalonians 5:2

Stuart,

Yes, I have pointed out to the gold bugs over on Mish Shedlock’s blog for years that gold is only good so long as you cash it in BEFORE the powers that be confiscate it or make it 1/10 what you bought it for by fiat. Money is basically accountancy and an idea, an agreement. We just need to cognite on the idea….that is a universal solvent…and then base policy on that.

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Me:  Yes they come up short, and the social credit macro-economic expression of that metric (a scarcity of total individual incomes in ratio to total costs and so prices) is the moment to moment reality of modern economies. And the only way to keep the economy’s nose above water is to continually extend more and more credit, (enter the Banker) except that this means debt builds up and up until it reaches “un-repayable” status.

DSGE (General Equilibrium Theorists) thought they had solved the economy for costs and time….except they hadn’t. But before Steve Keen de-bunked nearly everyone of their basic assumptions they went wild with derivatives etc. because “the economy always tends toward equilibrium anyway…so no problem, right?.” Keen thought discovering disequilibrium via Minsky was correct history except Douglas posited it and much more 35-40 years before Minsky. Actually right after I posted on Keen’s Debtwatch site that philosophy was a priori to understanding economic theory and hence the place to start Keen came out and announced that Austrians had a coherent philosophy (except it was wrong) and that New Keynesians needed a new philosophy/philosophical concept to describe the essence of a new economic theory. And by the way Keen’s call for “a modern debt jubilee” is just an expression of the basic concept of Social Credit which is Grace as in gifting. I suspect that Keen will soon cognite on the policy integration of disequilibrium theory and thermo-dynamics which is to reverse the individual monetary scarcity ratio and make it what I refer to as “the higher Disequilibrium” of an abundance of individual incomes in ratio to costs/prices which just coincidentally integrates the Austrian (inverted) obsession with price deflation into a wider, more comprehensive and unified theory. Integration/Wisdom and Grace/Consciousness are the process and basic concept that the monetary and economic systems need to evolve. Thus Wisdomics/Gracenomics.

Robert:  So, Liam, are you proposing that social credit be instituted in the present system, or within the context of a publicly owned banking network?

Me:  Liam can answer for himself, but I say both. That is the process of integration/Wisdom after all. And as for the .00001%…when it gets so bad that hunger drives everyone into present time enough that the answer in a high tech economy becomes obvious, namely Free Gifting of income….we billions will be a force the .00001%….will have to deal with. And hopefully we who recognize the inevitable trends before the economists do, will bring them to cognition before the SHTF.

What is the still largely unconscious and until now undiscovered underlying concept of every leading economic and monetary reform movement, all cutting edge economic theory, all calls for ways to deal with the debt overhang and is the integrative concept that can accomplish more of the positive and workable aspects of the agendas of both the left and right than they have been unable to do in fighting each other for generations?

The author has found it and built a comprehensive philosophical and policy program for modern, technologically advanced economies. Over the last 10 years he has also coached and converted some of the more open minded reformers to incorporate his ideas into their reforms, affirmed others who have unconsciously re-discovered much of the theory from which his extended conceptual analysis sprung and be-deviled and out debated those who would not look at his evidence.

Now you can read, learn about and benefit from his integrative mindset and his comprehensive and yet logically aligned and elegantly simple study of this most powerful concept and its economic and monetary significance. Wisdomics/Gracenomics is precisely what economic and monetary reform needs in order to be the force it must be before we stumble unconsciously and tragically into collapse and likely an historically rhyming war in an era of modern weaponry.  Buy it today, as well as his first book Money And Wisdom: The Way Out, The Way Home, and look for his forthcoming books  The Integrative Mindset and The Cosmic Code.