An important fact and definition:

Depreciation/Depreciation Allowances to Businesses: A “stay of execution of costs”, NOT a forgiveness of same.

Hence, by cost accounting convention that all costs must go into price, and even in the completely unfettered operation of the economy, the flow of total costs/prices will always tend to exceed the flow of total individual incomes distributed with which to liquidate said costs/prices.

This includes even monies distributed by government that actually go into the economy via some enterprise and only thereafter become individual incomes because these monies are then subject to incurring the ADDITIONAL SYSTEMIC costs like depreciation etc.

The only actually ethical solution to this systemic economic dis-equilibration is a direct supplementary gift of money to the individual via a universal dividend and/or a gift of price discount to the individual at retail sale. And even if the system can be “kicked down the road” for long periods of time before/despite eventual collapse it is unethical because it makes the individual serve the system the entire time instead of the system serving Mankind generally.

Paradoxically, Man is only free when he is conscious of and actively overcoming known obstacles toward self chosen goals,  and also in accepting of the beatific chains of ethics as a necessary condition for his humanity.

You can choose to live an increasingly austere lifestyle amidst tremendous productive capability by not borrowing, but if you borrow 95-98% of us will become debt slaves.

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Debt slavery is NOT an option for 95-98% of the population who wants a middle class lifestyle. And if you choose to live an austere life without borrowing….it will become increasingly austere. That is the edict of the cost accounting convention that ALL costs must go into price coupled with the the monopoly paradigms that debt is the only vehicle for monetary distribution, and ONLY distribution into the economy first instead of directly to the individual.

The essence of Grace (whether personal or monetary) is that it is a gift with no irrelevant or self interested strings attached.

If you want to fight against war, debt slavery and their inevitability fight the idea that money can only be distributed as debt via a loan. Cultivating personal graciousness is the responsibility of everyone, and monetary grace as in the free gift to the inheritors of our culture of tremendous productive capability is the only valid economic way to create economic stability in a micro-economy governed by the cost accounting convention that all costs must go into price, a high tech world where innovation and artificial intelligence is disruptively destroying aggregate individual income and scarcity is no longer the primary reality.

Draft Lottery number: 336 Even volunteer armies become onerous when unethical foreign policy and equally unethical monetary, financial and economic stupidities and absurdities have gone on for as long as they have now. Wisdom, Grace and Peace!

Grace is consciousness. One can argue whether it is the Grace of God, or simply Grace as consciousness itself, that is an entirely different question, but the experience of Grace is a state of consciousness, a non ordinary state of consciousness. As a conscious being Man cannot get away from himself. As the zen saying goes: “Wherever you go….there you are.” He can deny himself, neglect or invalidate himself or even distract himself from himself to the point of forgetfulness of his self hood as way too many modern individuals have done, but he still remains conscious.

Grace/Consciousness is ever present/omni-present and is always concerned with the ethical effects of one’s actions/systemic policies, and as Grace/Consciousness is also the superlative that means that Grace/Consciousness is always concerned with having the very best ethical effects of one’s actions/systemic policies….and so should be the Banking system. Ellen Brown’s call for a Public Banking system as in operating truly in the interest of the Public.

Grace/Consciousness is forgiving as in forgiving of Debt, particularly coerced and/or undue Debt….as is a call for a Debt Jubilee. Steve Keen’s call for a “modern debt jubilee”.

Grace/Consciousness is sovereignty as in sovereign grace, sovereign power to act/enact as in gracious national sovereign control of the money system. Positive Money/Sovereign Money

Grace/Consciousness is the highest state of Wisdom and the concept upon which the theory of Social Credit is based.

Wisdomics/Gracenomics is the conscious philosophical and natural metaphysical study, alignment with and application of Grace to the economic and monetary systems and Social Credit’s policies. It proclaims the fact that all of the leading reforms and cutting edge theories have as their basis one or more of the aspects of Grace/Consciousness, and that their integration, as Wisdomics/Gracenomics, is the necessary combination of those economic and monetary reforms and theories.

The real problem in any “sticky” or seemingly unresolvable problem in economics, any science or for that matter anything in Life is premature decision making followed by failure to maintain an open minded and integrative mental stance toward new or previously missed data. In essence Wisdom is the maintenance of this agnostic willingness to look at and combine relevant data and relationships, and Grace is the continual application of that wise and open mindset to the point of an actual third alternative that is a unification of the correct factors from both/all sides…including and most importantly the ethical state of the subject at hand on the individual.

And orthodoxy is the blinkered, blind, closed minded and stubbornly irrational holding of an opinion.

This is why Social Credit’s policies and the philosophical study and exegesis of the concept of Grace in Wisdomics/Gracenomics is so essential.

Steve Keen correctly asserts that confusing money stocks with flows ….is mistaken.  What he misses however, is twofold:

1) the ADDITIONAL costs over and above total financial costs distributed that contribute to creeping cost inflation on the lower end of price, and

2) the utterly unethical domination of every other business model and of probably 97-98% of the general populace by the business model of finance who will not countenance any competition to their monopoly control of the monetary distribution paradigm, namely loan only and so the flow of such additional costs cannot be paid except via a loan which of course adds cost to the already inherently disequilibrated system.

3)  the fact that, even if it doesn’t collapse or appear to be doing so, as the economy trundles along fitfully for long periods of time, that entire time it is unethical in the deepest and most important way possible because it makes probably upward of 95% the individuals in it….serve that system instead of it serving them.

Austrians in their saying, “There ain’t no free lunch!” are correct in their assessment, but they also miss the destabilizing additional flow of costs as per above and so their “solution” of deflation ends up being an inverted  moralistic mistake and mereness of economic philosophy that compounds the pain and stress of an already onerous system whose only valid economic resolution is monetary Gifting to address All (not just the excess costs) elements of the real time gap between total costs/prices and total individual incomes moment to moment and actually available to liquidate such costs.