Full and direct awareness of the present moment is the fifth dimension AKA wisdom.

Steve Hummel 03/28/2021

Grace is everything, and everything is grace. That is, grace is ultimate and complete nature. Most of both religion and science have missed this point.

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KZ: Most historians of the United States (and before) agree that Alexander Hamilton saved the United States after the Revolution through his changes to the US economy. One of these changes was establishment of a US National (public) bank. Modeled along the lines of the Bank of England, a central bank would help make the new nation’s economy dynamic through a more stable paper currency. The bank would also provide the financing needed for American businesses to operate and to make them independent of foreign competition. With a public bank in place there was little need for a US private financial sector except to foment speculation in the value of money and money surrogates such as stocks, bonds, etc. So, I do not agree with the position in this post that, “The relevant dividing line does not run between the real economy and the financial economy, rather between the two hemispheres of the financial economy: on the one hand those areas that contribute to financing the real economy, on the other hand those areas that do not contribute to financing economic output. In short, the dividing line runs between GDP finance and non-GDP finance.” It is my view that the relevant dividing line in terms of finance is between public financing of American commerce through a public national bank and the financing of that commerce through private sources that always run the risk of giving into the temptation to finance for the profit of the private financialists rather than the welfare of the nation’s economy. Simply put the economic welfare of the nation must never be allowed to rest on the gaming club of private financial investors. If the national bank can find a use for such investors and can control them sufficiently to ensure this welfare is protected is the only circumstance in which their financial input into American commerce should ever be allowed. It should never be the intent of the American economy to support the recreation and gambling of groups of lay about louts.

Me: Ken,
Correct, except you can’t cut off every one of the heads of the hydras at the same time and even if you do each still grows two more out of the stub. It’s the problem/lesson of palliative reforms expressed. Private finance must not be allowed to create money, only aggregate already created amounts of it. And even then such aggregative funds must be firmly and ethically regulated. Public finance must become ascendant.

And even then one still hasn’t addressed the philosophical and temporal universe problem of the current monetary and financial paradigm of Debt Only. The new paradigm of Monetary Gifting must be integrated into that current monopolistic system. No more endlessly fighting the hydra on merely the temporal level. Change its philosophical and ethical nature….and turn the tables on the problem and its elites.

The purpose of a zen master striking a noviate is not simply violence. Its intention is really just an oppositional method from meditation/simply looking in hopes of bringing he/she’s attention-consciousness into the present moment which is where that simple natural integration known as satori exists and can only be experienced. Satori is another word for the state of grace that is the actual state of the cosmos where all of the falderal of human mental opposition is finally perceived as both illusion and necessary…as one cannot truly experience truth without also experiencing fallacy and yet a thorough integration of opposites/duality is not merely some kind of obliteration, but a thirdness greater oneness of truth.

Grace, properly experienced and understood is always relevant, resolving and unitary. As with consciousness raising, so with economic theorizing and policy formation.

Wisdom is the integrative process itself. When onerealizes that the integration of their own awareness with the momentary flow of nature/cosmos is the experience known as God they are much more ready to embrace a naturalistic pan-entheism which is also an integration of science/knowing about and wisdom/knowingness.

Steve Hummel 03/13/2021

Money is one of humanity’s greatest inventions. It is not the problem. The use to which it is put, and beyond that allowing its creation and distribution to be solely and paradigmatically monopolized by private for profit banks…..IS. THE. PROBLEM.

Regulate money’s creation, align its usage with a new paradigm concept that is unassailably ethical and rational, and create a national banking and financial system that rigorously adheres to the spirit and law of that concept….and all of the rest of the correct heterodox economic theorizing that has nascently grown up around its recognition will coalesce in your mind and in the temporal universe we all live in….and then, because an essential aspect of that concept is dynamic, interactive, integrative and ethical flow, process and change, we can get on with rationally and ethically confronting whatever other problems will emerge as we become more aware of ourselves and the basic nature of the cosmos.

May the natural philosophical concept of grace be upon you….and carry on.

Right below the love of money is the love of dogma because it is the second most frequent temporal distraction from the real issue and responsibility of each and every one of us which is the self actualization of grace. Steve Hummel 02/27/2021

Y: “Craig, you may be a Copernicus, but you lack all efforts from Kepler and Galileo to Newton.”

Me: Actually there were antecedents “upon whose shoulders I stand” the same as has been the case before every other major breakthrough.

For instance I was introduced to C. H. Douglas (the actual Copernicus of Economics and money systems) shortly after the GFC in 2008 whose universal dividend idea superseded the current UBI thinking by over 100 years, and whose compensated retail discount policy I have innovated into paradigm changing status thanks to being aware of Kuhn whose work was not available to Douglas. Keynes was probably the paradigm change’s Tycho Brahe. Regarding economics and money systems Kuhn and Steve Keen were my Keplers with Kuhn’s book on paradigms and Keen’s de-bunking of DSGE and affirming of Minsky’s Financial Instability Hypothesis. Again, so far as economics and the money system are concerned I am really just an innovator/new discoverer, i.e. the Kepler of Douglas.

If I may be so bold my true insights are actually in cosmology, natural philosophy and the study of paradigm changes….and the application of those insights to economics and the money system.

Look, everyone here has a thousand times agreed that the current theory of neo-classicalism is a fallacious, balky and de-stabilizing enforcement of individual monetary scarcity and systemic austerity. We don’t need another palliative theory that merely tweaks the present nonsense.

WE REQUIRE A PARADIGM CHANGE IN ECONOMICS AND THE MONEY SYSTEM…AND THE PHILOSOPHICAL INSIGHTS AND POLICIES OF WISDOMICS-GRACENOMICS PROVIDE THAT IN SPADES.

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The answer to Yoshi’s and Lars’ questions is both yes and no. Yes a new theory is necessary, but a theory is a mere abstract mental model so no, what is required is a paradigm change which is BOTH a new mental model AND a temporal universe breakthrough change resulting from a new insight and/or tool enlightening the ways to apply the new paradigm theory/concept.

It’s time we added personal and policy action to these endless abstract ruminations don’t you think?