If you get stuck in knowingness the world can get pretty boring. The trick is to cultivate knowingness and yet be able to not know and/or unknow. That enables one to experience a new unit of time (nowness) and everything as if it was for the first time (newness).

Of course the state of grace IS the direct conscious experience of the nowness and newness of each flowing moment.

The significance of turning, pivoting, tipping, ending, and in economics, terminal summing and expression points is that they are paradigm changing policy points.

Steve Hummel 01/01/2019

What is being discussed here is the need for a new economic philosophy AND even more importantly….a new scientific philosophy. I have posted the following ascending scale of scientific actions here several times: research/data gathering, theorizing, philosophy, paradigm perception/change/the deeper, fuller more complete understanding AKA wisdom.

I have heard Steve Keen, who I consider probably the most astute economist on the planet, say we need a new economic philosophy….and then go right back to posting mathematics until in his own words MEGO (my eyes glaze over) occurs. And there of course isn’t anything wrong with research/data gathering and theorizing….it’s just that it’s important to know when to go to a more integrative level of understanding.

We need to go from the invalidated DSGE to “a philosophy of the higher disequilibrium” and then paradigm change. And we need to go from the intellectually delicious and necessary mode of inquiry of Science ONLY to the science inclusive and more mentally integrative level of wisdom.

I’m absolutely all in for public banking although I would prefer a national banking system, and yes, having a true central bank in actual control of the creation of all new credit/money is essential. Hierarchy is wisdom so long as it is guided and aligned with a new paradigm like monetary gifting, which is the monetary and economically relevant aspect of the unimpeachable concept behind every paradigm change that is, grace (or whatever other word for the pinnacle concept from the world’s major wisdom traditions hang on it) as in love in action/policy.

I would only ask everyone here to consider the significance of summing, ending and fulcrum/turning points. Show of hands, who here has ever gone to Safeway or Wal Mart etc. and bought say $100 of groceries, and when they got home the grocer called and said, “Sorry, we have to have another $50 for those groceries.” ? Never, right? And that’s because retail sale is where production becomes consumption and is what I refer to as the triple powerpoint of the economy. It’s the terminal ending point of the entire economic process, the terminal summing point where all costs including profit, depreciation and capital costs and so total price for every consumer item or service and again, as it is the ending point of the economic process must also be the terminal expression point for any and all inflation. And that is why a high percentage monetary policy at retail sale is paradigm changing. It inverts the present realities of individual income scarcity and systemic austerity into abundance. It inverts chronic erosive and painful price inflation into painless and beneficial price deflation. It’s the same as the inversion of the positions of the earth and the sun, the inversion of monopoly control of the sacraments via the church to the direct personal relationship with god of The Reformation, the inversion of the primacy of hand production to machine/technological production of the Gutenberg press, the inversion from nomadism to homesteading-agriculture.

Finally, it’s the inversion of lobbying politicians to taking the message of Public Banking and the new paradigm directly to the individual and the self interested constituencies that will move the politicians

EP:  Well, I like the idea, can you include the costs not represented by price, such as effects of poison or environmental impact of the product? It would be important to note that the triple PowerPoint leaves the purchaser in too many instances still owing 50 bucks or more? How to bundle this into your thesis, can do?

Me:  Emily,  Externalities ARE significant even if they are not relevant to the economic PROCESS itself, as you point out. I would say that first of all doubling individual incomes does not necessarily translate to doubling of economic through put. And secondly, as important as ecological sanity is, the biggest current obstacle to that goal is the current paradigm of Debt/Burden/Additional Cost which makes the stupendously expensive mega research, innovation and financing for projects to accomplish sustainability “too expensive.”

When you take control of the triple power point of retail sale you can pour as much money as necessary into such research and innovation without fear of inflation or expense. And finally, besides abundance four of the major aspects of the concept and experience of grace are hope, clarity, freedom and good will. Would the general populace be more likely to embrace the rationality of sustainability with those self actualized or the continual stress of austerity and scarcity?

EP:  “How do you propose to “take over’ the triple power point retail sale?”

Me:  Simply by implementing the 33-50% discount/rebate policy at that particular point in time in the economic/productive process.

EP:  “…could there be an approach as well that creates a legal premise to identify the boundaries of wholesome wealth gain and avarice, or greed?”

Me:  The boundaries of wealth, gain and avarice, or greed, like pornography are generally self evident to the wise, however, IMO yes, it is legally establishable that private finance is by definition a completely parasitical and hence illegitimate economic business model.

Consider that accept for the smallest of enterprises, in order to begin, it is necessary to borrow/create a cost pre-production, in an economic system inherently scarce of individual aggregate demand, systemically, it is necessary to continually borrow and finally for “big ticket” items like houses, autos, furnishings etc. it is necessary to incur the additional cost of a note with interest…post retail sale which again, is the current end of the legitimate economy/actually productive process. So the parasitism of private finance is the reality pre-production, concurrent with it and post retail sale.

The movement that is necessary is a direct to the huge constituency of everyone 18 and older, of students and of the normally conservative small to medium sized business community that shows them how the new paradigm and its policies, regulations and structural changes are in their interests. It’s an idea and mass movement whose time has come.

EP:  Thank you, Ok, So I have bought with my partners a container load of building materials that will ultimately prove the old stuff, pink insulation, plywood etc outdated and poor choices to build with.

Anyone who has been educated is habituated to orthodoxy. Education should only be the first step toward innovation, new insight and ultimately paradigm change.

Steve Hummel 12/30/2018

Oddly and paradigmatically the orbital flight of Apollo 8 to the Moon, with its integrative photo of the first earth rising, actually made the effort just as much about the earth and ecological sanity as it was about the temporal accomplishment of the mission and brought a holistic completeness to the entire historical event.

Integration is the very process of wisdom, inversion is one of the major signatures of paradigm change and completeness is an aspect of the pinnacle concept of wisdom, grace.

The real problem with science is its incompleteness. Its unwillingness, at this advanced stage of its technological expertise and advancement and yet unfortunate unwillingness and/or habituated inability….to integrate the existential reality of consciousness ITSELF into its method. Of course that would make it wisdom. The zen aphorism of “Wherever YOU go, there YOU…ARE…comes to mind.

Doing that in the study of economics would probably be enough of a present time meditative switch away from mere and only mathematical and theoretical abstraction, that economists might perceive the general significance of retail sale being the triple power point of the entire legitimate economic/productive process. And then be able to craft a set of policies and regulations around that insight that would implement a new paradigm.

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The temporal universe flows freely and the economy is inextricably embedded within the temporal universe. If it does not flow freely, then it has elements that prevent it from being so. We have a monetary economy and money is the most salient and significant factor in it. The temporal universe being in such free flowing state/process it abhors a statistical equilibrium. All heterodox economists recognize that there is a scarcity of individual aggregate demand and they recommend and offer policies they think will remedy that scarcity. The problem is these policies are either one off (“a modern debt jubilee”) and/or think only filling the statistical gap between total costs and so prices and total individual aggregate demand is adequate policy. These balancing policy ideas, even if it is with additional monetary input, still have the stench of DSGE hanging around it.

The free flowingness solution of course is CONTINUOUSLY filling the monetary gap to ABUNDANT overflowing with a high percentage discount/rebate policy tied to the terminal expression point of inflation and the terminal ending point of the entire economy, i.e. retail sale.

I’m not here with Wisdomics-Gracenomics to merely debunk Neo-liberal economics and our parasitical money system. I’m here to end the evolutionary backwater of homo economicus so that man will be able to come out of his long enforced adolescence, learn to acculturate himself to freedom and abundance and so fulfill his actual species designation of homo sapiens sapiens, wise and discerning man. I would assume that historians, anthropologists, psychologists, clergy, economists and every other scholar could get on board with that.

New paradigms are always simple and yet elegantly powerful, and they come “like a thief in the night” to steal the life of mere theories and lingering orthodoxies.

Steve Hummel 12/29/2018

Money is most basically accounting, and the most basic cause of inflation is not having a better alternative to commercial agents forced into existing in an austere money system and economy raising their prices in an attempt to garner more revenue. Economists need to be better engineers much more than they need to be greater theorists, and better philosophers and paradigm perceivers than even engineers.