Forward/Acknowledgements

Introduction/Purpose including grace as basic concept of all leading edge reforms/theories and resolving concept for monetary and economic systems as well as human Life and Living and other human systems

Glossary of Key Terms/Explanation of differences and likenesses of religion/spirituality

Aspects of Grace, Monetary and Economic Alignments and Relevance

Policies    Approaching Middle Class Dividend, Price Deflationary Retail Discount, Tri-level Banking and Financial system, Public/Private Cooperative acculturation/process of raising awareness of importance of positive, constructive purpose for the individual

The New Powell/Hummel Memo and Project Wisdom and Grace

A Succinct Description of the Problem and a Call to Action

Wisdomics/Gracenomics attempts to make economics understandable in this book by reducing it to its classical goals, primary purposes, agreed upon required and positive states,  and something that is often neglected or forgotten about altogether….the ethical consequences of theories less than fully integrated with those required and positive states.

It attempts to compare and contrast what is, with what works best, is truly relevant and makes the economic system serve the individuals and business entities that comprise it….instead of ignoring the fact that in its currently un-integrated state most of the businesses and even more of the individuals must serve it, or at least the dominant elements of it.

The discipline of economics, if not the world,  needs the integrative mindset. The economy is floundering and shows no real sign of sustained recovery while social frustration and resentment and political radicalism and demagoguery increase, not to mention geo-political tensions. Secure and content populations that can see a future of positive and constructive purpose are happy and less subject to manipulation by demagogues and calls to go to war. Integrating the positive interests and capabilities of both business and labor would cut through all of the unnecessary intransigence that falsely passes for inevitability in a world caught up in two terminal obsessive contention. The open, integrative thirdness-oneness mentality of Wisdom and Grace is precisely the mindset called for.

Both increased borrowing and government deficit spending increase costs……(because such goes into the economy as the enterprise of government and which consequently has a flow of additional costs such as depreciation). Thus deficit governmental spending does not resolve the disequillibrated monetary state of the economy. A modern technologically advanced and hence increasingly capital intensive economy is inherently cost inflationary as the increased costs of capital assets must be continually factored into total costs. And even if the economy can limp along for relatively long periods of time without completely collapsing, in the (long) mean time,  every other business model is dominated by Finance and probably upward of 95% of the entire populace is enslaved by same. Factor in the just getting started disruptive effects of innovation and artificial intelligence eroding aggregate demand…and you’ve got a real problem.

The only valid economic way to resolve this inherent and increasing problem is to integrate monetary grace as in direct to the individual Gifting into the debt based money system.

Most people forget that Wisdom and its highest concept Grace have as a necessary component/aspect of themselves….a command for the highest consideration possible of the ethical state of the subject at hand.

This is what Grace as the superlative/superlativeness means.

It comes as a somewhat distressing surprise to the modern individual that they have been walking around in a semi to slight state of self awareness for their entire adult life.  Never fear, a much greater and focused self awareness is available to us all via the experience of Grace/Flow at any moment. Just begin to contemplate the fact that wherever you go….there you are. That and the fact that everything you look at every day is in a new and different unit of Time…..moment to moment. Just look a little closer at it….and you’ll SEE.

99.9+% of economists forget that even if an economy can continue to stumble along despite both systemic cost and monetary inflation…..that not resolving these enables the utterly unethical condition where every other business model besides Finance and 95-98% of the populace will be forced to serve Finance and the economic system….instead of those systems serving Man.

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John:  Steve, I’m not sure what you are trying to say about deprediation charges, so let’s make it simple.

Of the various processes claimed for causes of a “gap”, this is the one that is absolutely incontestable.  Charges go  into the costs and prices of goods, but no equibalent wages etc. are paod out, nor ar any equivalent  funds invested for future production., which is usually financed by fresh loans.

Regards.
J R

Me:  Yeah, that says it another way. I was simply saying that these costs are not one off, but reality for every business that has depreciable assets (virtually all of them) and that makes them a dynamic flow of additional costs over and above the flow of total amount financed. My other points are that even if the economy is still able to limp along without completely collapsing for long periods of time the fact of continuous borrowing is onerous to the point of being enslaving for every other business model except finance and all but the wealthiest earners which of course makes it (the entire system) unethical. Economists, even the best one’s like Steve Keen, seem to miss/ignore this latter reality.

Or maybe they just aren’t smart enough/conscious enough to recommend the only valid economic monetary and economic policies that are interpenetrative and encompassing enough to resolve the problem, namely the dividend and discount policies of social credit.  By the way, interpenetrativeness/completely penetrating the inside, and  encompassing/including in its entirety…are aspects of the concept of grace as it is applied to either one’s beingness or the concept of grace as it is applied to a temporal system like the economy.

The Consumer As Nigger.

Why rely upon a system that can and will be gamed, that ignores the fact that there are additional flows of costs in the economy over and above interest and that not only isn’t “into” pain and obsessive moralism, but can integrate both individual monetary abundance and price deflation at the same time?

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Old Guy:   Can the Private Sector in any country hire everyone of its citizens? I will leave it at that unless someone replies to the question including you Mish.

Me:   Of course they can’t. Engineers, innovation and AI have been trying to free mankind from employment…..and Bankers who refuse to give up their monopoly paradigm of loan ONLY, and economists who refuse to look at the flow of additional costs that continually raises the flow of minimal prices….have missed those facts. Full time employment participation rates and aggregate incomes prove this and again, with innovation and AI have no where to go but down.

Sorry, you’re all nascent social crediters.

Old Guy:  Well chdwr thanks for the reply my point is the government will always hire people contrary to what Lucas thinks government must have people to function. Yet people think the country will run itself and all the infrastructure and ports, and various departments must have people. They are not slackers or bad for being a civil servant.

We will never agree on everything and you and I know that well do we not hehe. There will come a time when your social credit or a basic income will come to all in the future. I will grant you that and have in the past. I have also posted many times about debt forgiveness. But it will not happen for citizen debtors in this period of history.

Me:   Thanks for the acknowledgement of the inevitability of Social Credit. But it doesn’t take a long time to make such changes…only the awakening to the fact that the present system is completely unethical…..without them.

As for government employment, not only do I acknowledge that there’s an awful lot of it that is unnecessary and only exists to (vainly) attempt to fill Social Credit’s “Gap”, but you could wildly increase it and it still would not stabilize or equilibrate the economy….because the government money is injected into the economy via the enterprise of government or some private enterprise…..AND HENCE RE-INITIATES THE INHERENTLY COST INFLATIONARY NATURE OF A HIGH TECH CAPITAL INTENSIVE ECONOMY.

The Great Earthly God of Finance decreed that there must be no understanding of the additional costs of depreciation, nor of the monetary concepts of Grace as in the free gift, or that of the Directness of such a gift from the keeper of the individual’s trust… government with mandated policies aligned with individual monetary freedom and systemic economic free flowingness.

Cursed be he who enables the populace to eat of the fruit of the tree of economic empirical observation and freedom.