I like your tendency to question ideas.

The answer to your title question is…

1) because we don’t analyze on the conceptual/paradigmatic level
2) because new paradigms are permanent progressive solutions and yet in the post enchantment/Enlightenment world the paradigm for intellectual inquiry has increasingly become the monopoly concept of Science Only instead of Wisdom which is the intellectual impulse and discipline of the integratiion of opposites and so we tend to get caught up in analyzing problems instead of pursuing solutions
3) hence brilliant people like Warren Mosler and Steve Keen can correctly identify the way money is created (accounting) and yet can’t imagine applying its equal debits and credits tool most efficaciously at retail sale (because its the single universally participated in and hence macro-economic point in the entire economic process) to reduce the price at retail sale by crediting the consumer with a 50% Discount thus doubling everyone’s purchasing power and yet with the Rebate/equal debit aspect of the policy the merchant gets their full price so no moral hazard and finally
4) the monopoly paradigm CONCEPT for the creation and distribution of new money of Debt ONLY that the palace or the private banks have wielded since day one of human civilization is broken up by integrating its opposite concept (the impulse and process of Wisdom) of Monetary Gifting (aspect of the natural philosophical concept of grace) into the Debt Only system and so neo-classicalism is transformed into Wisdomics-Gracenomics.

Me to yossarian on Dave Foulkes’ substack:

yossarian, why not have the central bank pay for 50% of everything at retail sale which would include not only groceries but your car payment, mortgage payment and insurance payment? Better yet create a monetary institution paralleling the central bank that gifts that 50% of the price of everything and so benefits every economic agent commercial and individual…instead of like The FED being the hand maiden of the banks in “normal” economic times and the bail bondsman for the banks after the banks serially fuck the system over with their monopoly paradigm of Debt Only? With that set up even the banks benefit because the parallel central bank pays them half of their point of retail sale. Only thing they have to give up is their monopoly control of the monetary paradigm. Which I’m sure they’d object to, but what if you just ignored that and kept broadcasting to EVERYONE the fact that the new central bank is doubling your purchasing power by implementing beneficial price and asset deflation. Thats the start of the biggest, most consequencial and irresistible mass movement for “an idea whose time has come” since we went from nomadic hunting and gathering to homesteading, urbanization and agriculture.

All of your critiques of neo-classical economic theory are valid. Full stop. But the deepest problem with it is the entire idea that “free” market theoretics enables COMPLETE FREEDOM…which in the human universe is a dangerous delusion…because the little thing known as ethics cannot RATIONALLY be escaped. So you’re also correct that economic theory and economic actions must be rationally bounded.

“Free” market theoretics is a delusion and a misnomer for its actual reality which is alternately goosed and strangled unstable dominating monopolistic financial and monetary chaos…and the solution to that rather long adjective is to integrate the new monetary paradigm of Direct and Reciprocal Monetary Gifting into the Debt Only system with a 50% Discount/Rebate policy at retail sale instead of using the current ham handed methods utilized by neo-classically deluded central banks…and then rationally and ethically regulate the economy instead of allowing a suave or unabashed financial and economic oligarchy to dominate the general populace for another 6000 years or maybe another 50 years until climate change kills off 4-5 billion of us.

We must “go deep, go long” on APPLIED conceptual/paradigmatic analysis because anything other than an ACTUAL paradigm change gets gamed and the clock is ticking very loudly.

KM: The whole thing appears to be unravelling in a fast and chaotic fashion. I don’t think ‘we’ can do much but make plans to create something from the ashes (hopefully not nuclear ones). That’s why I’m rather focussed on the political than the economic at the moment.

Me: Political activism is probably more important than economic analysis. I can understand the cynicism and anxiety, but all the more reason to get behind a policy program that doubles everyone’s purchasing power, ends inflation by implementing beneficial price and asset deflation, ends the historical trend of private debt overwhelming domestic economies and transforms participating in the economy from frustration and anger into the greatest opportunity to self actualize gratitude for a gift of 50% of the price of everything? And then why not create a mass socio-economic and political movement to communicate and enact that program?

The keys are finding the new key/core APPLIED CONCEPT, i.e. the new paradigm, and then APPLYING/ACTING ON IT socially and politically. I’m sorry, as completely well analyzed and accurate as Steve’s critique of neo-classicalism is…it doesn’t rise to the applied conceptual/paradigmatic level.

The problem is the current MONOPOLY monetary paradigm of Debt ONLY and the multi-systemic solution is to strategically integrate the new paradigm of Direct and Reciprocal Monetary Gifting into the Debt Only system thus breaking up the monopoly character of the present paradigm and resolving the deepest problematic anomalies/realities that CONCEPT creates and enforces…in the economy and on 99% of the general populace.

What if we used the same method the banks use to create money ONLY AS DEBT, namely double entry bookkeeping/equal debits and credits that sum to zero, with a 50% Discount to the consumer/50% Rebate policy back to the merchant at retail sale? That would have the effect of enabling everyone to purchase $100 worth of groceries for $50, a $60k EV for $30k and a $500k house for $250k. In other words that single policy would implement BENEFICIAL price and asset DEFLATION by increasing the money supply which invalidates The Quantity Theory of Money (the heads of neo-classicals, Austrians and libertarians explode). Get the entire policy program of the new monetary paradigm here: https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies-ebook/dp/B0C49B9PX7/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr

If there is a cover up of the UFO/UAP phenomenon that is caused primarily by vested interests’ protecting themselves and their assets, why not create a means of breaking up the character of the present paradigm of new money creation, namely Debt Only which Finance monopolistically wields…and utilizing the new paradigm of Monetary Gifting to fund open sourced energy research and development…so that the alleged secret and present reality of same is rendered redundant and so irrelevant.

Jesse: I’m a big fan and love the informational content in your hours long videos. Your reference to the Age of Discontent by Max Weber really resonates with me because I believe that modernity and religious orthodoxy are major contributors to spiritual deminishment because they make us abstract everything instead of encouraging more direct experience of the moment. One of the indicators of one being in touch with something significant is if it invokes the element of serendipity, i.e. unanticipated insight/benefit in an area not considered relevant to what is under analysis. For instance, what if the biblical injunction that “the love of money is the root of all evil” is true but by misunderstandingly dropping out the words “the love of” from that injunction…actually inhibits the greatest opportunity to self actualize graciousness as in gratitude for a gift since meditation and prayer…and what if there was a way to create gratitude via a universally participated in EVERYDAY activity and that also resolves the deepest historically recurring economic problems since the first day of human civilization??? I have written a book that enables this kind of serendipitous phenomenon entitled Wisdomics-Gracenomics: The Transformation of Economics and Creating An Everyday, Universally Participated In Infrastructure For The Self Actualization Of Gratitude. https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies-ebook/dp/B0C49B9PX7/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr

I’d love to discuss this with you.

P.S. It also has potential connection with the UFO/UAP phenomenon.

​​You analyze everything EXCEPT the current and new monetary paradigm. Hence you can only advocate for palliative changes instead of systemic/multi-systemic ones.

Lets have the Bancor. Thats a very good idea. But that just makes things better for the banks and the wealthy commercial agents. Integrate a new monetary paradigm of Gifting into the Debt Only system for the creation and distribution of NEW money WITH THE CENTRAL BANK CREATING IT WITH EQUAL DEBITS AND CREDITS AT THE POINT OF RETAIL SALE WITH A 50% DISCOUNT/REBATE POLICY…and the long neglected and dominated individual’s purchasing power doubles, you implement beneficial price and asset deflation and enable the greatest opportunity to self actualize gratitude for a gift even more so than with meditation and prayer…because EVERYONE participates in retail sale and you don’t even have to chant the right god’s name.

Lastly regulate the secondary market so Finance does not take leave of its moorings with “innovation” like in 2008 and you not only have a mega-paradigm change to the money system and the economy you take a gigantic leap away from the current zietgeist of Power toward a new zeitgeist of Grace as in Redeemed/Redemptive Power.

Your analysis is wonderful as far as it goes Ann. Where it falters is in failing to recognize the present monetary applied concept which is Debt ONLY. The word ONLY designates it as a MONOPOLY paradigm not unlike the last monopoly paradigm we dealt with which was Salvation Via Roman Catholic Sacraments…ONLY.

Conceptual monopolies are the bane of human history, and a conceptual analysis of the history of paradigm changes reveals that the answer to monopoly is not advocation of opposites but THE INTEGRATION OF OPPOSITES TO THE POINT OF THIRDNESS GREATER ONENESS which is the classic signature and intellectual process of WISDOM. Furthermore, an analysis of historical paradigm changes reveals that their beneficial effects have always been an aspect or aspects of the natural philosophical concept of grace as in a UNITARY/THIRDNESS GREATER ONENESS OF A PROBLEMATIC DUALITY (like debt and monetary gifting) and again results in a new mental and temporal universe reality whose aspects are one or more of the voluminous other aspects of grace. We need a new monetary paradigm that ushers in a Wisdomics-Gracenomics.

By the way I very much like your idea of social basics. What we need is an integration of work ethic and other positive human purposes to the point of thirdness greater oneness of those two human virtue creating activities.

One aside here. I’m not necessarily suggesting any particular religiosity here by invoking the word grace. You’ll pardon the expression: God save us from the gross moralists and the religious obsessives. I am suggesting we stop mistaking the map of religious orthodoxy for the topography of the self actualization of the values and experiences espoused in those orthodoxies.

Look At That (object/space/sensation). Look At That (object/space/sensation) Again. How Is It Different?

Look At That (object/space/sensation). Look At That (object/space/sensation) Again. Did you experience it in a new unit of time?

Look At That (object/space/sensation). Look At That (object/space/sensation) Again. Did it cost you anything to experience it?

Hudson is astute alright, but neither he nor Steve Keen or Warren Mosler have identified the new monetary paradigm of Monetary Gifting and the strategic point in the economic process at which to implement that new paradigm. The above are all very, very smart systemic analyst guys, but because they haven’t analyzed on the conceptual/paradigmatic level they’ve missed it. Every new paradigm IS A NEW CONCEPT, A NEW KEY APPLIED CONCEPT. Its helio-centrism instead of geo-centrism, or homesteading, urbanization and agriculture instead of nomadic hunting and gathering. It IS true that at the point of exchange money is legitimately always debt because every commercial agent is entitled to their full price. However the new paradigm of GIFTING ALSO changes the monopoly paradigm for the creation and distribution of ALL NEW money, that is DEBT ONLY (the word ONLY designates it as a monopoly paradigm) while also guaranteeing that all commercial agents get their full price via the same method new money is currently created, namely double entry bookkeeping/accounting specifically equal debits and credits that sum to zero with a 50% Discount/Rebate policy at retail sale…so the consumer gets $100 worth of groceries for $50, a $60k EV for $30k and a $500k house for $250k. And then, as your car payment and mortgage payment are the retail points of those liabilities the mandated new paradigm PAYS FOR 50% OF THOSE TOTAL PAYMENTS AS WELL SO YOU’RE ACTUALLY GETTING THAT $60K EV FOR A PAYMENT EQUIVALENT OF ONLY A $15K LOAN AND A MORTGAGE PAYMENT EQUIVALENT OF ONLY $125K.