Three in oneness. Space, Time and Self. Exactly the way the Quantum universe and/or the trinitarian electro-magnetic force is two charged interacting particles and the unitary energy of electricity.  Conceive it, contemplate and understand it and experience it as so. Grace the deepest concept in the cosmos.

Neither has a sufficient experience of or appreciation for the fullness of the concept to effectively relate to it, nor the inclusive ethic to incorporate it. This despite the fact Grace as in Gifting is the very foundation of the religionists, and grace as in actual openness to and inclusiveness of all relevant data the foundation of the scientific method. Bias and orthodoxy hide in plain sight all over the place and inhibit knowledge, learning and progress both inwardly and outwardly.

If Wisdom is valuable, the process of integration is the process of Wisdom itself, continuous integration is Grace/flow itself and the classical and beneficial goals of economics is flow as well, then why is Grace not the target of economic theory and policy?

Disequilibrium as in continuous change is actually the higher equilibrium known as Grace/Flow.

In a monetary economy money is the life’s blood of both the individual and enterprise, and being basically an agreement can be conceived of as a non-entropic reality in economics which is otherwise utterly embedded in the temporal universe and thus is entropic.

In the micro-economy every enterprise must recoup its original costs plus the costs of replacing whatever productive machinery and facilities it has or will need. This the most basic disequilibrating and entropic condition of any and all enterprises and leads to break down due to costs as a flow exceeding individual incomes as a flow.

Integrating the inherently entropic and cost inflationary nature of the entirety of the micro economy with the macro-economic non-entropic nature of money in a costless, i.e. a direct to the individual monetary gifting fashion will enable both the freedom of the individual and the free flowingness of the system.

Integrating factors is the process of combining only truths, applicabilities and workabilities of the subject at hand plus any ethical factors that are being missed, plus any foreseeable future factors as accurately as possible.

There is nothing wrong with research, discussion and debate, but not having enough of an openmind to imagine further integration is a fatal flaw. Hence thirdness/oneness must be an ethic built into the intellectual process. This is the essence of the integrative process.

Discovering a concept that has “bothness” as a process (integration/wisdom) and that if adhered to thorough goingly leads toward a thirdness that is more unified (flow-Grace-gracefulness) than the duality from which it is derived….is precisely what economic theory and policy need.

Me:  Yes, the Chinese have what the MMTers and Positive Money people think is the answer…sovereign creation and destruction of money. But that’s not enough both because costs exceed individual incomes as a flow and because elites can never be trusted with power…..unless policies that are the definition of individual and systemic freedom…are mandated by a constitutionally approved and arms length agency.

Marie:  Steve,

Me:   Marie,

Yes there were a lot of ideas scrunched into that paragraph, but if you got the integrative overall picture of it, it was actually just a realistic and comprehensive look at money, governments and history.

I’m not disagreeing that China’s and perhaps to a lesser degree Japan’s Banking system is much more pragmatic and flexible than western finance. Nor am I ignoring the problems China faces in trying to keep itself from fracturing into many fiefdoms, but power will always tends to corrupt. That’s why you have to put power into “the many hands of the individual. China has Social Credit….for the government and its Banking system. We must have Social Credit and a Tri-level Banking system…for the individual. And if we don’t get together in a mass movement and go for an actual and complete solution to our problems, then ignorance and unconsciousness of what the economy’s deepest problems are combined with rapidly disruptive innovation and AI are going to make it exceedingly easy for power to be the major consideration…instead of individual freedom and systemic free flowingness…which of course it should be.

Philosophy can be a confusing and apparently contradictory pursuit unless Wisdom and its pinnacle concept/experience is its aim. In philosophy one thing eventually appears to be another unless you include within the pursuit of knowledge a dedication to inner and outer truth and the best application of what actually works in the world we all live in. Wisdom is integration, continuous integrating of whatever one is thinking about or doing. Integration must be distinguished from compromise as in the combination of truths and untruths, workabilities and unworkabilities, applicabilities and inapplicabilities and finally, and most subtely and importantly, equivocation with basic ethical considerations like does it allow an actually enslaving condition to persist instead of terminatedly resolving it….which of course is the correct and ethical thing to do in response to slavery.

But back to the apparentcy of “talking out of both sides of one’s mouth”. Wisdom is the correct and ethical combination. In order to combine you have to have at least two ideas/theories/intentions that more often than not appear to be completely opposed to each other…..but only so as to come up with an actually third idea, theory and/or intention that is a more ethical and unified whole. So philosophy without a third and ascendant objective is nonsense and equivocation, but Wisdom (the combining of two apparently opposing ideas) with a third more truthful, workable, applicable and ethically ascendant objective is the pursuit of what every one of the world’s major wisdom traditions points at…..the unifying and resolving state/condition of Grace/graciousness.

http://www.bbc.com/news/business-35418946?SThisFB

Steve Keen is correct of course that people need debt forgiveness, and that the economy will not actually fully recover before that and other policy measures are taken to create an economy that naturally flows with abundance for all. I’ve posted on his sites and others for years to this effect. In fact after I started saying that economics needed a new philosophy on his site 3-4 years ago…he took up that banner also. Steve Keen is probably the smartest and most insightful economist on the planet, but he still has not recognized the deeper concept utterly relevant to economics and money systems…and human beings. He and all of the leading edge reformers and reform movements today deal with an aspect or aspects of this deeper concept which I dealt with in my first book Money and Wisdom: The Way Out, The Way Home, and will be elaborated on in in my second one soon to be published.

“Quantum Chaos” is actually the higher order mental equilibrium of constant change/flow reflective of Grace/Self Awareness/Consciousness.

This is interpreted as chaos by beings habituated to the temporal universe and its seeming random manifestation of both order and chaos and so it is grasp at/believed in by both the overly religious and the overly scientistic via some orthodox kind of logical order in order for it to be both decipherable and tolerable to them. By and large this is because they have not had an intense higher order experience of Self Awareness/Consciousness, or have had it in the midst of some personal unresolved problem and hence it becomes a very unsettling or even horrifying experience. 

The often staggeringly beneficial psychologically unencumbered state of intense Self Awareness/Conscious awareness of whatever is in the present time environment is simply a “tuning into” the Quantum Chaos…which isn’t chaos at all, but the underlying reality and conscious vector of the cosmos.

Now do I suggest that we can just let everything “go to pot” and not plan, prepare or look to discover anything because “its all good”? Of course not. We need the thorough integration of the two realities within which we must live, both as a living philosophy and as aligned policies within our various human systems…so we can have a third and unifying personal and temporal existence.

Even after and despite the Dividend and Discount momentarily equating individual incomes and prices the economic/productive system itself  still continues to create the unequal ratio between incomes and prices. Hence you need to create a dynamic proactive equilibrium that still fits seamlessly within profit making systems. So what do you do? You proactively reduce prices at retail sale….at a higher rate than the system is increasing them. In other words you consciously (and wisely) invert the disruptive process of the system. And so, instead of constantly fighting a nonsensical battle with numbers and only toward an orthodoxy of equilibrium, we all progress toward a more abundant, more profitable, much more democratic and wise economic and monetary future.