Obviously certain consumption patterns will need to change. However, if you can’t see that private finance makes every attempt to get to step one of ecological sanity “too expensive” then you’re just not looking. We’ll never get to step one until we have a non-profit publicly administered national banking and financial system that funds itself, the essential government projects that can enable us to survive and is mandated to execute the monetary policies that will reduce the prices of the consumer products that will get us there. No wonder we’ve made no progress toward survival for over 40 years.

Economists and economic pundits are generally off in thrice removed mathematical and/or theoretical abstraction. Hence they don’t look at the actual economic process itself and so they miss the incredibly powerful ending/tipping/pivoting point where production becomes consumption aka retail sale, and where a simple algebraic operation will effect a new paradigm in the money system and the ability to swiftly progress toward an ecologically sane economy.
Such need to do as much zen wall gazing on an illustration of the point of retail sale at the terminal ending point of the economic process as is necessary for them to come into present time and cognite on its existence, significance and potential for monetary policy

Me:  Better acculturate leisure and positive purpose before AI eliminates 40% of present employment in the next 15-20 years or it will be a social disaster after it happens.

JD:  Craig, let me recommend this little book by Yanis Varofakis, “Talking to my Daughter” a brief history of Capitalism, and economics. Look in particular at chapter 6. I think it applies to your ideas. It’s a very good read and very entertaining as the target is his then 15 yr old.

Me:  If you can go to the grocery store or any place else that has things you want to buy and get it for $5 today when you had to pay $10 yesterday your purchasing power is doubled and the business you bought it from just had the money available to buy their goods just doubled too. That’s the 15 year old message I have been declaring here for years and the economists and economic pundits here can’t seem to comprehend it. The problem isn’t mine.

JD:  The energy equation you rely on is not going to last. When energy oil say was costing 1% of production was one thing which kept us going til 1970. Now its 10% and going up all the time. This shortage of cheap energy will destroy everything. What you want at half price will be 20x by then if it even exists.

Me:  And nothing can be or will be done about it, right? What a counsel of despair and hogwash! Listen to the latest video available to all on Steve Keen’s patreon site.

You see the REAL economic problem has always been the monetary PARADIGM and how it has de-stabilized the economy….for the entire history of human civilization. That’s what Steve Keen RE-discovered and ALMOST cognited on when he correctly observed that neo-classicals ignored money, debts and banks….”because if they did they’d have to confront the fact of how the money SYSTEM de-stabilizes the economy.” That’s a quote from one of his recent videos. He correctly recognized the problem. The problem with that is he still didn’t cognite ON THE SOLUTION, that is, the new monetary paradigm.

Wisdom/Paradigm Perception is the recognition of both the problem AND the solution. Intellectuals so love their problems. They’ll obsess about them until they’re tired of doing so and then move on to another one….like Steve Keen has with his de-bunking of Nordhaus’s recent predictions about energy’s effects. Of course the SOLUTION to the energy PROBLEM…is still recognizing the new monetary PARADIGM.

Survival trumps all other considerations which means no matter how much money and subsidization it may take to discover the new sources to replace fossil fuels you have to create them….and the twin 50% discount/rebate policies, universal dividend and non-profit publicly administered national banking and financial system of Wisdomics-Gracenomics are the precise policies and structural changes necessary to do that without either enforcing systemic monetary austerity or creating wild inflation.

Economists and climate theorists seem stumped by the high costs of green tecnologies. This is simply old/current monetary paradigm thinking. With a non-profit publicly administered national banking system and the monetary policies of Wisdomics-Gracenomics you could immedately reduce the costs of green technology consumer products by 75% and with the stakes being so high (species and planetary survival) the costs of developement of green technologies could be virtually eliminated so progress toward survivable carbon footprint could be accelerated tremendously.

It’s really just a matter of getting one of finance’s feet off the individual’s neck and the other one off the costliness brake toward green research and technology.

It’s so frustrating to know the new paradigm concept and its aligned policies and see economists being ignorant of them.  We have prosperity and the fast forward march toward ecological survival if they would simply awaken to them.  Meanwhile finance is saying, “No, you have no right to end our monopoly paradigm of Debt Only for the sole form and vehicle for the distribution of money/credit. We have every right to dominate everyone, every legitimate and actually productive business model, buy or cow every ignorant  and/or ethically challenged  politician and declare ecological survival “too expensive”.

Just look at it. It’s stupid to not make such policies of paradigm change the immediate reality.

You see the REAL economic problem has always been the monetary PARADIGM and how it has de-stabilized the economy….for the entire history of human civilization. That’s what Steve Keen RE-discovered and ALMOST cognited on when he correctly observed that neo-classicals ignored money, debts and banks….”because if they did they’d have to confront the fact of how the money SYSTEM de-stabilizes the economy.” That’s a quote from one of his recent videos. He correctly recognized the problem. The problem with that is he still didn’t cognite ON THE SOLUTION, that is, the new monetary paradigm.

Wisdom/Paradigm Perception is the recognition of both the problem AND the solution. Intellectuals so love their problems. They’ll obsess about them until they’re tired of doing so and then move on to another one….like Steve Keen has with his de-bunking of Nordhaus’s recent predictions about energy’s effects. Of course the SOLUTION to the energy PROBLEM…is still recognizing the new monetary PARADIGM.

Survival trumps all other considerations which means no matter how much money and subsidization it may take to discover the new sources to replace fossil fuels you have to create them….and the twin 50% discount/rebate policies, universal dividend and non-profit publicly administered national banking and financial system of Wisdomics-Gracenomics are the precise policies and structural changes necessary to do that without either enforcing systemic monetary austerity or creating wild inflation.

Retail sale is currently the only legitimate terminal ending, cost and price summing and terminal expression point for any and all forms of inflation for every consumer product and service including “big ticket” asset items like autos and homes. Thus a 50% discount/rebate monetary policy implemented at that point and time has immutably beneficial effects for all economic agents individual and commercial and ends the austerity enforcing monopolistic paradigm that private finance has used to dominate, manipulate and de-stabilize economies for the entire history of human civilization. That conclusion is history according to David Graeber and Michael Hudson, the present and continuing debt deflation inevitability according to Steve Keen and the very policy expression of Wisdomics-Gracenomics’ identification of the single concept defining the new paradigm of Abundantly Direct and Reciprocal Monetary Gifting.

We don’t need mathematical and scientistically hide bound inadequate attempts to statistically discern the problem and solution we need historically enlightening paradigm perception and action to implement the new one.

Why? Because in diverse and advanced economies inflation is eliminated due to the fact that price deflation is stabily integrated into economies implementing the 50% discount/rebate policy at the point of retail sale.

Temporal universe reality trumps old orthodoxies and  their “realities”.

Me:  Corporatism, which indeed has its shortcomings, is not the deepest problem with the economy. It is and has always been finance since the beginning of human civilization. Evolve and command finance with a new concept and aligned set of policies that is of such unifying and unimpeachable ethic and the economy will follow….because that concept is an integration of the opposites of benevolence and sovereign power.

Me:  As I’ve said all along it takes mass action with an idea and its aligned policies that will create a new pattern that frees our ability to finance the ecological changes and projects that will enable mankind to survive the looming crises we face. Everything else may be intellectually interesting and relatedly relevant, but compared to action to affect the concept of a new monetary and financial paradigm is ultimately “vanity of vanities, all is vanity.”

I’ve been posting here and on other economic sites for over 10 years since the GFC and virtually nothing, NOTHING, has been accomplished in the real world to make the world better economically or financially.

We desperately need a mass movement advocating real world, immediate positive effects for all economic agents that will also reduce indebtedness and the tendency to become increasingly indebted, that will end the chronic scarcity of individual and systemic monetary austerity and that will end erosive inflation.

Action, insightful and forthright action to get workable and resolving policies understood and enthusiastically embraced by the general populace is exactly what we need, not more regurgitation of already agreed upon critiques, not more ad nauseum analysis of the old paradigm and certainly not apathetic cynicism.

Does anyone here want to save their children and grandchildren from the result of apathy and inaction for another decade? Let’s have a discussion about how we can get a movement going with definitive policies that will have immediate beneficial effects.

This is another good discussion. Anthropology is the closest discipline there is to paradigm perception because it is interdisciplinary and deals with culture which is a vast and multifaceted pattern itself.

The discipline of paradigm perception is actually the willingness and ability to look at the present pattern and discern the single concept that describes it, and also the ability to discern a new paradigm/pattern by its various imminent and accomplished signatures. It is a kind of supra-anthropology that includes philosophy, ethics and the naturalistic integrative and unitary insights and processes found in all of the world’s major wisdom traditions.

With all of the agreed upon fallacies and long lingering problems in economics which itself is a major signature of imminent paradigm change the discussion should indeed focus on deciphering the new paradigm and how policies aligned with it can be applied to make it the new temporal universe reality.

Completing the circuitous free flowingness of money throughout the economy with the 50% discount/rebate policy at the point of retail sale and the rest of the aligned regulations and structural changes recommended in my book Wisdomics-Gracenomics: The New Paradigm Theory of The Economy and Money System resolves the two thorniest and deepest problems of technologically advanced capital intensive economies (individual and systemic monetary scarcity and chronic inflation) and ends the current monopolistic paradigmatic dependence upon Debt Only as the sole form and vehicle for injecting money/credit into the economy.

I agree with alot of what MMT has to say and its general thrust toward increased fiscal deficit spending, but it is only the latest REFORM. Steve Keen comes closest to recognizing the real problem when he correctly states that neo-classicalism’s basic problem is it ignores money, debt and banks. To be precise it ignores and obscures the present paradigm of Debt Only, and fails to recognize the new monetary, financial and banking paradigm of Abundantly Direct and Reciprocal Monetary Gifting.

Economics has been broken since before the reform of The New Deal and the monetary and financial paradigm has not changed since the inception of human civilization in the paradigm change from Hunting and Gathering to Agriculture/Homesteading. Keynesianism was a fall back second reform to C. H. Douglas’s burgeoning world wide movement of Social Credit whose advocates themselves did not recognize how to take the correctly aligned philosophical concept of the new paradigm and turn it into a paradigm change with its policies. As we all know Keynesianism got morphed into neo-classicalism betraying the fact that it was just a reform. A paradigm change for all practical purposes is a permanently progressive historical occurrence.

Isn’t it about time this blog begins to seriously discuss the history, signatures and necessity for discovering the new paradigm?