Graciousness defeats all ungraciousness, both personally and systemically.

The Gap consists of both diminutions to the circular flow like profit, savings and re-investment of these in new production AND ADDITIONAL costs like the costs of replacing depreciated capital assets. The cost of capital goods must be included in ultimate prices because the convention of cost account states that “ALL costs must go into price.” Most economists and pundits miss this latter fact and reality. Throw in the rapidly increasing effects of innovation and AI both as an increasing capital cost and the erosion of aggregate individual incomes…..and as flows….there you have A + B.

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JD:  that could well be it Steve

Me:  Yes its logical don’t you think? Which brings to mind Ellen’s other thread regarding suggested papers for ending TBTF. I note that on Steve Keen’s Debtwatch site there is a rhyming Bank of England call for papers on Central Banking, Climate Change and Environmental Sustainability.

Is it not logical, especially when the idea of a universal Dividend seems to rising and resonating with more and more people and a few economists, that calls for papers that would appear to affirm the need for scarcity in the minds of progressive thinking people be suggested by the central and national Banks? I find such calls, especially two such calls very curious. As for environmental sustainability, giving everyone a million dollars and advertising the hell out of them to the point of profligacy is being suggested by no one while a middle class lifestyle, promoting technological innovation that does more with less resources and enables everyone to take a deep breath from the forced to the point of preoccupation pursuit of eroding income security is a sustainable way to keep both the economy functional and the environment safe as well.

Agendas hide in both dark corners and in plain sight, and insufficiently examined orthodoxies and habituated false and contentious dualities are trump cards to be used against those who would otherwise be fighting against a dominating foe.

Grace solves, resolves and Transforms everything it touches or is applied to. Want to solve a personal problem, apply the integrative of opposites aspect of Grace to do that. Want an economy to be optimal, simply apply the aspects of continual Flow and abundance to it as policy. Want to re-make that economy with a minimum of structural  change without any additional costs, just apply Grace as transformation of the inner essence and Free Gifting.

Think the world and Life will be too boring without problems, just learn to live the top two aspects and mental actions of Grace/Consciousness which are Know…and Unknow, and Life is a continually new and unfolding experience in every moment of now and with a vibrancy known to the very young child, except now that you are an adult and more aware both intellectually and spiritually you also have a much broader capacity to understand so art, beauty, purpose and constructively purposeful activities of all kinds can be more deeply experienced and participated in by you.  Yes, contemplating Grace and its aspects is all upside.  So go for it!

The reason Grace and policies accurately reflective of it make states of beingness and systemic conditions better, more unified, more whole and complete and more ethically ascendant is that Grace is the pinnacle concept of Wisdom. Wisdom is the process of combining and Grace is the continuous combining of the highest, best, most integrated truth(s), intentions, workabilities and applicabilities of even supposed opposing  ideas, factors, theories and/or personal or systemic conditions. It is fundamentally corrective, improving, increasingly practical and conducive of honesty and ethical sensitivity. Grace is wholeness and completeness in every sense itself. In fact Grace is undoubtedly the most comprehensive and inclusive concept ….known to Man.

Now you’re really talking Ellen. Integrating Keynes and Douglas with infrastructure spending and a universal dividend is integrative par excel-lance. Now integrating a truly gracious tri-level Banking system will slay the problematic and Leviathonic nature of the Banking/Financial system, and a price deflationary discount to retail prices will integrate Austrian economics into the economy and reverse the entropic nature and trend of the entire economy!

Where there is no vision, the people perish…. Proverbs 29:1

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Just giving the private Banks the ability to create money to pay off bad debts would of course leave wide open the possibility that they would simply do this only for cronies and/or only on those loans that diminished their bottom line the least.

The entire ethical problem with private banking or even a public bank is resolved ONLY by mandating that policy and its administration be based on the concept of Grace. As one of the major aspects of Grace is Good Will, and three others are fairness, equanimity and justice policies accurately and firmly reflecting these is the solution. That and sovereignty as in a third party gracious governmental overseer to the individual and financial institution. That is why a trinitarian/Tri-level Banking system like I have posted here before is probably the best one.

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Precisely Stuart. Half @ssed palliative or counterfeit truth parades before us all the time. QE was Social Credit for the Banks. MMT is Social Credit for the government, infrastructure building/re-building is Social Credit for various enterprises, TPP is Social Credit for corporations with global reach, Obamacare was Social Credit for Pharma. Now MMT and infrastructure building/re-building can legitimately be integrated into a forward, upward looking AND GENUINELY PROGRESSIVE policy of ACTUAL Social Credit FOR THE INDIVIDUAL, but the others are basically a false, distorted counterfeit of it because their policies benefit only the already dominant and advantaged and do not address the actual problem (scarcity of individual incomes) or reach all the way to the individual. Counterfeits and palliatives are gamed so that no actual progress is made, primarily to the most damning aspect of the systemic problem…the utterly unethical reality that the individual must serve the dominating system instead of it serving us.

If you want to truly solve problems you have to change the ideas, nea change the widely held and agreed upon ideas, i.e. the paradigms that individuals are hypnotized by and systems operate under….or rather integrate a new one into an old one. Banks have a monopoly paradigm of debt and loan ONLY which must be balanced by integrating policies of Grace the free gift into them.

Grace is the postulate that both yourself and others are worthy of consideration and understanding. In fact Grace the experience is that Good Will and so is also its own best reward in a world and a Life unfortunately filled with non-integration and unconsciousness of the beauty, importance and goodness of Grace.

Contemplate the aspects of Grace, and you can’t go wrong.

It’s a complete confirmation of Social Credit’s thesis and Wisdom in a general sense actually…..and of Wisdomics/Gracenomics’ integration of Austrian and Social Credit economic policies with the deflationary retail discount. The deflationary discount policy is not standard Social Credit policy by the way, but rather my Wisdomics/Gracenomics philosophical expansion/extension of it based on the proactive (fore thinking) aspect of Grace.

A prudent man foreseeth the evil, and hideth/prepareth himself; but the simple pass on, and are punished. Proverbs 27:12

Combining, comparing, reviving past experiences while draining away negative thoughts, emotions and decisions about them, broadening new awarenesses regarding ideas and situations one has had, contemplating the present moment and its sense perceptions including self awareness…..these all bring two things closer together, reaching out to them and then cyclically withdrawing from the temporal or inner reality reached out to. Wisdom is duality/twoness integrated and the result of these actions if pursued correctly and long enough is cognition regarding both self and what was reached out to. Cognition/new thought is release from the efforts, emotions and decisions and self held ideas and so is a third more unified state of higher order flow. Wisdom is psycho-therapy and cognition/Consciousness/Flow is Grace.

The Integrative/Integrating Mindset leads to Grace which is a greater and higher knowledge and understanding no matter what the subject may be. Integrate Dualities long enough  with continuing refinement of truth(s), workabilities and applicabilities, and a better understanding and a higher ethical state will be the result for both the study and the person studying.

A great awakening must take place.  This awakening is the responsibility of all of us really, but most particularly for the leaders of our Monetary, Corporate/Commercial, Economic and Political systems.  The only force that effectively resolves the inevitable problems associated with power is the Good will of Grace.  And power must bow to Grace, especially in the areas of money, commerce, economic theory and politics both because they are so powerful in their effects on the individual, and because they are so intricately interlinked.

The concept of Grace as Good Will recognizes that conscious awareness itself and the fundamental ethical understanding that each and every individual is essentially and sensitively the same in this respect and so worthy and entitled to such Good Will, is no airy-fairy concept. It is a fundamental human fact, and that fact cannot be stressed enough let alone denied.

Wisdom is integration and Grace is abundance. Grace is also process as in continual change and the resulting temporal uncertainty, and yet inwardly Grace is self knowing certainty….at the same time. Well, Grace and Wisdom are integrated Bothness, i.e. duality and trinity-Unity as well.  So despite the fact that the economy being utterly embedded in the temporal universe and thus subject to the laws of thermo-dynamics and thus ever more cost inflationary as to energy and other costs….you can implement a universal Dividend that approximates a middle class lifestyle even if you don’t do a lick (and obviously more if you can find employment in a high tech/AI future) AND a price deflationary Discount to retail prices that is rebated back to participating merchants…and Voila! You’ve integrated the seeming polar opposites of Social Credit and Austrian economics and so wisely resolved the most basic problem of modern economies….its compelled cost inflationary attachment to thermo-dynamics and yet scarcity of individual incomes with which to liquidate those costs.. Thank you.