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?

….after retail sale. Why? Because retail sale is where production becomes consumption, i.e. ownership. If possesion is 90% of the law, consumption is 99.99% of economics.

Thus the point of retail sale is the perfect place to implement powerful, positive and effective monetary and economic policy.  A 50% discount/rebate policy at retail sale simultaneously doubles every individual’s purchasing power and the business revenue available for every enterprise’s goods and services, and as retail sale is the terminal ending point of the actually economic and productive process a 50% discount at that point eliminates any possibility of inflation as the normal garden variety vice of inflation is virtually always a low single digit percentage and hyperinflations very rarely occur and always require at least several very disruptive, negative and rare set of circumstances.

The follow on benefits of this and the other policies, regulations and structural changes recommended in my book Wisdomics-Gracenomics are considerable.  Everyone’s earnings at least double, your social security check doubles, your pension check doubles and with the universal dividend policy every college student now has $24,000/yr. to live on and pay for his or her’s college tuition as they attend and so do not become weighed down with $50-75,000 of debt after they graduate. If everyone 18 and older gets a $1000/mo. dividend and that is doubled by the 50% discount/rebate policy every adut is guaranteed $24,000/yr. of purchasing power. Thus why would individuals and enterprise have to be taxed for welfare, unemployment insurance and social security?

Recognizing the power and policy significance of retail sale is the new insight that always accompanies a paradigm change.

5. Many other benefits follow on from this policy

The power to create money is not the only problem. The form, character and pattern, i.e. the paradigm of money created is even more important and problematic especially when it is monopolistically enforced and controlled by a self interested agent and only in the form of Debt. The question before us is how, where and at what point in the economic process can a new monetary and financial paradigm be implemented so as to resolve the generally agreed upon problems of individual and systemic monetary scarcity and the tendency for the present system to be price and asset inflationary.

The financial elite would love for us to (forever) quibble over the nature of money and debate reforms like MMT rather than examine the idiocies of giving a self interested business model monopoly and paradigmatic control over the most powerful factor in the economy, namely money/credit-debt creation.

How to break up that monopoly and paradigmatic control is the only true order of the day. That and how such break up can bring more economic democracy and free flowingness to the economy….among many other benefits to all agents as I have enumerated here many, many times.

Me:  Interesting discussion on Knight. Philosophy is a level of understanding above science which includes and requires ethics. Paradigms are par excel-lance integrative concepts in that they are purely mental/conceptual and yet understanding them changes an entire pattern in the temporal universe as well. Paradigms and paradigmatic thinking are replete with paradoxes, conceptual oppositions, inversions, transformations, simplicities of operation that due to their philosophical difference and temporal universe point of execution create deep, complex and significant effects.

If debt, its nature and the monopolistic enforcement of that nature even to the point of economic collapse is the problem how can monetary gifting not be the answer?

If the zeitgeist of Hunting and Gathering was enchanted and benevolent dependence on the ecology for survival and Agriculture, Homesteading and Civilization was de-natured material accumulation and consolidation of power then why is not grace as in relative abundance and re-enchanted benevolent and ethically redeemed power not the next zeitgeist and progression?

S7:  @ craig – right!! Knight’s notions of economics were also ‘above science’. Which was one of many reasons for his deep disappointment at how economics developed at Chicago and elsewhere following WW2. See Ross’s writings on this.

Me:  Yes, apparently he had a sense of philosophy and genuine ethics instead of the mere and paltry “ethic” of profit, power and control.