Wisdom, sapience, or sagacity is the ability to think and act using knowledge, experience, understanding, common sense and insight. Wisdom is associated with attributes such as unbiased judgment, compassion, experiential self-knowledge, self-transcendence and non-attachment, and virtues such as ethics and benevolence.
High Flight John Gillespie Magee, Jr
Oh! I have slipped the surly bonds of earth,
And danced the skies on laughter-silvered wings;
Sunward I’ve climbed, and joined the tumbling mirth
Of sun-split clouds, –and done a hundred things
You have not dreamed of –Wheeled and soared and swung
High in the sunlit silence. Hov’ring there
I’ve chased the shouting wind along, and flung
My eager craft through footless halls of air…
Up, up the long, delirious, burning blue
I’ve topped the wind-swept heights with easy grace
Where never lark or even eagle flew —
And, while with silent lifting mind I’ve trod
The high untrespassed sanctity of space,
Put out my hand, and touched the face of God.
Grace: THE Concept
Ideas and the experiences behind them are what guide humanity. That is why paradigms are so powerful, why it is so important to be aware of current paradigms and the signatures of new ones. Considering that the current paradigm of finance, that is, Debt/Burden/Additional Cost Only has held humanity down for the entire history of human civilization it’s way over due for a change. And if the concept behind that new paradigm is the concept behind every historical paradigm change…how powerful could that idea be?
Description of The Natural Psychological State of Grace
Grace is the ability to know at the highest level of consciousness and to also un-know, if necessary, in rapidly alternating succession and in each new unit of time.
Begin Wisdomics-Gracenomics With Definition and Explanation of Wisdom amd Grace?
A Newly Cognited Upon Aspect of Grace
Disarmingness. The ability to acknowledge the particle of truth in an opposing perspective is just as effective a tool in debate as refutation because, unless it is reciprocated, it exposes the arrogance and rigidity of your opponent, and if reciprocated opens the mind of the opponent to the efficacy of synthesis/thirdness greater oneness.
Speculation and Price
Speculation can be a legitimate economic activity. It also can be the second most illegitimate and economically destructive one right behind private control of the money creating process. Speculation in the Wisdomics-Gracenomics economy will be extremely ethically regulated and analyzed for its purposes. Anti-social and immoral purposes will not be tolerated because they are anti-grace asin love in action/policy.
Post On Ellen Brown’s Forum
WM: Steve et al,
While I still have trouble visualizing how all the retail discounting and gracenomic generosity pencils out, I appreciate both the spirit and objectives of your proposed system. I thought of it today when I came across the below Abstract from J.D. Alt in New Economic Perspectives which is part of a patent application for a macroeconomic monetary system designed to finance corrective infrastructure for cllmate change. It may be a bit overwrought since our current sovereign system could (theoretically) also finance dramatic investment in the field, but I thought you might find it of interest.
BB: Thanks for posting that, Walt.
I proposed a simpler way of converting to a sovereign fiat currency, while also taking into consideration the crimes committed by the cartel in the process of seizing control over our central bank and printing private bank notes to acquire global assets
Me: Yes I agree with Bob that it’s too complicated. It’s Bill Black’s/MMT’s take on how to deal with the current monetary paradigm. It’s problem is just that…it’s thinking remains firmly within the current paradigm. It’s like Ptolemaic cosmologists perturbating the orbit of mars in order to make their theory work. It’s certainly meant to go in the correct direction which is to deal with individual income scarcity and governmental/systemic monetary austerity, but does not “Cross the Rubicon” into actual paradigm perception and implementation.
Public Banking has always been onto the solution Debt Only IS the current monetary and financial paradigm and changing that is the key part of any actual economic solution. As Bob says getting control of the central bank is also key because it is the correct source of monetary creation…not the private banks who now actually have that power. This is why IMO a national banking system and central bank are necessary. I mean, in an allegedly free enterprise system how glaringly contradictory and morally and ethically rediculous is giving already dominant profit making entities the monopoly power of the life’s blood of every individual’s and the entire system’s most important factor? Of course public banking could be problematic….unless it was aligned with and guided by an unimpeachable ethic like monetary graciousness as in Gifting.
I just posted this on my blog wisdomicsblog.com I hope it helps to clarify the discount/rebate policy and show how it is the single integration point of the micro and macro-economy and hence the fulcrum point at retail sale that can invert the problematic realities of the current paradigm into a new one.
The Point of Retail Sale….
…is the single integrative point of the micro and macro-economy. If you doubt this consider that retail sale is the terminal aggregative point for all costs and so prices for every consumer item and service produced in the micro-economy. Yes, there are other business models other than retail, but their costs including profit are already factored into final retail sale because it (retail sale) is the terminal end of the entire legitimate economic process and the cost accounting convention that all costs must go into price is, necessarily and correctly, applied. If anyone doubts that retail sale is the terminal end of the legitimate economic process just ask yourself when was the last time you bought $100 worth of groceries and when you got home the grocery store called you and said: “Sorry, we have to have another $50 for those grocies.” Never. Because consumption is the ending point of production…and that is what occurs at retail sale.
The Point of Retail Sale….
The Point of Retail Sale is the single integrative point of the micro and macro-economy. If you doubt this consider that retail sale is the terminal aggregative point for all costs and so prices for every consumer item and service produced in the micro-economy. Yes, there are other business models other than retail, but their costs including profit are already factored into final retail sale because it (retail sale) is the terminal end of the entire legitimate economic process and the cost accounting convention that all costs must go into price is, necessarily and correctly, applied. If anyone doubts that retail sale is the terminal end of the legitimate economic process just ask yourself when was the last time you bought $100 worth of groceries and when you got home the grocery store called you and said: “Sorry, we have to have another $50 for those grocies.” Never. Because consumption is the ending point of production…and that is what occurs at retail sale.
Thread on RWER Blog: Capitalism’s Deniers
Me: Competition and innovation are economic virtues and both need to be fostered. You can’t have two versions of “THE TRUTH”, but you can have an integration of ONLY the particles of truth in those “TRUTHS”. This thirdness greater oneness is wisdom and should be the mindset of every theorist left or right. The socialist variety need to re-visit Hegel’s dialectic and the capitalist, especially the rigid variety thereof, need to sit down, shut up and CONTEMPLATE the same.
Arrogance and rigidity have never been intellectual virtues, and historically, the various aspects of the unifying and integrative concept of the natural philosophical concept of grace are the route toward intellectual breakthrough.
“I set before you life and death, Therefore, choose life.”
JN: It seems to me that the comments so far miss the gist of the article. Its key point is that the fundamentalists — along with many economists — treat capitalism as a competitive system BY DEFINITION, and therefore every power aspect of capitalism as NON CAPITALIST to start with. With this assumption, the notion that capitalism, like every other broad social system since antiquity, is a MODE OF POWER, becomes a logical impossibility.
Me: Not my post. You ARE right that this was the point of the article. All I’ve ever done on here is suggest we come off regurgitating what has already become obvious to heterodox economists and get on with completing the Hegelian dialectic with the insight that the new paradigm is Abundantly Direct and Reciprocal Monetary Gifting and that policies aligned with and crafted around the significances of the micro and macro-economically integrative point of retail sale are the means of making that new paradigm a temporal universe reality.
JN: To which heterodox economist the notion of “capitalism as a mode of power” has already become obvious?
As far as I can tell, the very notion of an “economy” is already antithetical to that of a mode of power.
But I’m willing to stand corrected.
Me: My use of heterodox was meant to represent those economists who have at least turned the corner of capitalism (or socialism) as sole thesis, but again you’re right none of them on either side of that oppositional duality has successfully intellectually broken through to the synthesis/thirdness greater oneness that always characterizes a new paradigm….except me, with the profit making economic system of direct and reciprocal monetary distributism….and which with the pinnacle concept of wisdom is able to successfully integrate the two seemingly oppositional aspects of grace, namely benevolence and sovereignty/power.
Social Credit/Wisdomics/Gracenomics/ Gracientialism 