Desiderata by Max Ehrmann.

Garden variety inflation is seemingly under control at rates of 2-4% by the fact that competition between agents of business models keeps it there. This is not much of a victory if you’re one of the 95% whose wages have stagnated for the last 40 years or so. All of the falderall of Keynesian and other theorizing deciphers this via examination of the minutiae of a portion of the complexity within the current paradigm. There’s nothing scientifically or methodically wrong with this of course it’s simply that it’s an extremely slow and non- resolving exercise around which no one can seem to craft a policy to effectively address the “insight”.

An example of this is Steve Keen’s re-discovery of the cost inflationary nature of the economic system because we’re stuck between the rock of ever increasing debt service costs and the hard place of recession or depression because (for some reason) we must abide by the monopolistic cost inflationary effects of finance’s paradigm of Debt/Burden/Additional Costs Only.

If economists would attend to the signatures of imminent and accomplished historical paradigm changes things would become much more clear and enlightening and the policy solutions would present themselves.

For instance here is a side by side reflective comparison of the signatures of imminent and historical paradigm changes and the present one in economics and how the solutions were accomplished

The Catholic Church/Private Banking dominatedly enforces participation in and absolution via the sacraments/the paradigm of Debt/Burden/Additional Debt Cost. The laity/individuals and commercial agents object to this dominance and declare that a direct relationship between themselves and God/direct and reciprocal monetary gifting be allowed and integrated into the digital debt based money system and so replace the primacy and end the monopolistic domination by the church’s/private finance’s paradigm and structural power.

Ptolemaic Cosmology Terra-centric viewpoint and Copernican Helio-centrism/Finance’s paradigm of Debt/Burden/Additional Cost and direct and reciprocal monetary gifting are in conceptual opposition. The invention of the telescope as a tool and the discovery of the ellipse/the inversion of abstract thinking to direct looking at the moment to moment operations of the economy leads to the re-discovery of the significance and power of the point of retail sale for monetary policy effect and enables the inversion of the positions of the earth and the sun/inverts the the systemic reality of austerity and individual monetary scarcity to abundance with the reciprocal policy of a discount/rebate policy.

I also agree with much of what Geoff says here. Economists are only fair “bean counters” because they’re almost entirely caught up in theoretical and mathematical abstraction. Hence they neglect to look directly at the day to day operations of commerce and perceive powerful information to be found there. They’re superior gatherers of data due to the fact that science is the currently overwhelming paradigm for inquiry, but almost completely unconscious of the superior human mental discipline of wisdom (not religious dogma) of which the scientific method is an integral part. This makes them poor new paradigm perceivers because their minds are almost entirely immersed in and directed by that current paradigm for inquiry, and unfortunately this mental inability is almost wholly transferred to the study of economics.

The truth is wisdom is both philosophically and ethically high and yet completely pragmatically grounded in temporal reality. That is in fact a good definition of wisdom.There’s an entire book of the Bible called Proverbs (and these snippets of wisdom of course exist in other wisdom traditions, again dogmatism is the antithesis of wisdom) that express psychologically valid and long observed pragmatic solutions to human and systemic problems. Reading them can be like having a graciously ascending and deepening flow of personal and temporal cognitions, and doing such is the very process of developing new paradigm perception because like the character of a paradigm one learns to see both conceptual essence and how it fits within and can transform a pattern.

Economics has a crying need for a new paradigm. Wisdomics-Gracenomics is the philosophically and ethically high and pragmatically grounded theory of the new monetary, financial and economic paradigm of Abundant Direct and Reciprocal Monetary Gifting.

Show of hands…how many times have you gone to Fry’s or Wal Mart or wherever and bought say $100 worth of groceries, paid your tax and when you got home you got a call from the retail grocer and they said, “Sorry we have to have another $40-50 for those groceries you just bought.” No one, right? Why? Because the point of retail sale is the terminal ending point of the entire economic/productive process. It’s where production becomes consumption. And if possession is 90% of the law, I guarantee you consumption is 99.999% of economics, and the above fact demonstrates the economic significance of what I refer to as the triple power point of retail sale.

Virtually all economists are off in three times removed from present time reality, abstract theorizing about the economy. Consequently they have not focused on the day to day operations of commerce and hence have missed some simple but utterly significant truths about the economic process.

I’m here to enlighten you about those overlooked truths and show you how a simple…but not simplistic…and elegantly powerful set of policies accomplishes a paradigm change in finance, money systems and economics.

Lets call this the economy, the economic process. It starts here with ore being taken out of the ground to produce something, or a service business starts. There are all manner of business models on this process or adjacent to it (point around line) which nudge the process along and add their costs and prices to whatever is produced and finally sold here, the point of retail sale.  Now there is a convention in cost accounting which is always enforced and that convention is that all costs must go into price. So that means that retail sale, which is the terminal ending point for every consumer item or service, must also be the terminal summing point for total costs and prices including capital costs, depreciation and profit….for all consumer items and services. By definition of it being the ending point of the entire economic process it must also be the terminal expression point for all forms of inflation. In other words after you purchase an everyday consumer item there can be no more further inflation of its price as I helped you see at the start of this talk. Retail sale is where production becomes consumption. It’s the ending, summing and terminal expression point for all economic factors. That’s why I call it the triple power point of retail sale. It’s an ending, fulcrum and pivoting point from which the entire monetary, financial and economic systems can be moved into and accomplish the new paradigm by the correct policy, and that policy is a 33-50% discount/rebate at retail sale. Now I’m sure many of you are already saying, “What if the businesses along the entire economic process inflate their prices? Okay, but consider this:

#1  What if that businesses’ competitors are smarter than they are and do not inflate? Rapidly it’s bye-bye market share. Not to mention the sanctions the inflating business will face with the correct and understandable new regulations that the new paradigm and any theory requires…because the world is not an entirely rational or ethical place.

#2  Even if they do inflate, garden variety price inflation must remain in the low single digits because competition thankfully is still a reality within and between business models. Hence the discount/rebate policy will still increase everyone’s purchasing power by a large percentage and also still “miraculously” integrate price deflation beneficially into profit making systems…because the discount/rebate policy is 33-50%. And by the way, hyperinflations do not occur without specific and disastrous circumstances occurring first like almost total destruction of the means of production by a total war and a compliant and unethical central bank leveraging up speculators who then attempt to short the currency. The former can of course has not occurred here and can be avoided, and the latter will not be allowed to happen with the regulations of the new paradigm declaring any attempt to do so “null and void”.

Now, along with the discount/rebate policy at retail sale that beneficially integrates price deflation into profit making systems there is another policy that will be implemented, and that is a universal dividend of $1500/mo. from the time one turns 18 and continuing until the end of one’s life.

Businessmen, listen up. The combination of these two policies will enable all transfer taxation for welfare, un-employment insurance and even quite quickly for social security to be eliminated. Why? Because if everyone 18 and older is guaranteed at least $2000/mo., that is $1500 plus at least a 33% discount at retail sale which comes out to $2000/mo. of potential purchasing power….all such transfer taxes immediately become redundant and un-necessary. And of course individuals who pay these taxes as well will have a very nice raise when they are eliminated.

So you have a more than doubling of incomes and concomitant potential more than doubling of business revenue plus the cost savings from the elimination of transfer-re-distributive taxes.

Now I want to give you some numbers that show exactly how beneficial these policies will be for all agents individual and commercial.

Individually everyone 18 and old will have at least $2000/mo. of potential purchasing power or $24,000/yr. guaranteed. That immediately ends poverty AND the need for almost the entirety of the welfare bureaucracy. A two adult household will make $48,000/yr. If both adults have only part time jobs making $20,000/yr. that is $40,000 plus 33.3% which is $53,320 from employment and $48,000 from the dividend or $101,320/yr. of potential purchasing power. Not bad huh? With full time jobs of course that final number goes up considerably more.

Students? You get $24,000/yr while you’re going to school. Get a part time job of 16 hrs./week at $8/hr. and you’ll have another $1024/mo. of potential purchasing power or $3024/mo. That would enable you to go to all but the most expensive schools, make a monthly payment for tuition (and remember tuition will be discounted at least 33.3%) rent an apartment, and support yourself and not have 50-$75,000 of student debt hanging around your neck for the next 10-15 years before you can get on with your lives. These policies are all upside.

Businessmen? When was the last time any economist or politician was able to more than double the available business revenue for your goods or services…with a single policy? Who ever totally eliminated your transfer taxes and greatly reduced your redistributive income tax costs with only two policies?

The third major aspect of Wisdomics-Gracenomics is creating a publicly administered national banking system that distributes all of the dividend and discount/rebate monies and loans at 0% interest and a central bank that creates all new money. Finally, the point of note making becomes the new terminal ending point of the economic process for home mortgages, autos, especially battery powered and hybrid vehicles, furnishings, battery and solar energy systems and other “big ticket” green purchases and thus a 50% discount/rebate can reduce such purchases even further. For instance a $200K house reduced by 50% at retail sale to $100K is reduced another 50% to $50K at note signing. Wisdomics-Gracenomics ends the money system’s enslaving paradigm and makes it serve humanity…not the other way around.

Rebuttals to mistaken/irrelevant critiques

Everybody Will Become Lazy

#1   Don’t let those who profit unbelievably greatly from the monopolisitic power to create money snow distract you….money itself isn’t going to make you either unhappy or happy. Happiness is ENTIRELY A SEPARATE PROCESS THAT IS YOUR RESPONSIBILITY NO MATTER HOW MUCH MONEY YOU MAKE OR DO NOT MAKE.

My Wisdomics-Gracenomics integrates and completes the cutting edge heterodox reseach and theories of Steve Keen, Michael Hudson, MMT and Social Credit. It accomplishes the new paradigm with its policies, structural changes and regulations. It greatly benefits all agents individual and commercial. It IS the answer, finally, in the economy and money system.

Please join with me in the mass movement to create this new paradigm. Tell others about this good news, make this video go viral and please go to my ebook site for plain language explanations and illustrations of these policies, and please also go to my Patreon site and pledge a dollar or ten to enable me to give these free talks and make this incredibly beneficial new paradigm a reality for us all.

Thank you.

….money itself isn’t going to make you either unhappy or happy. Happiness is ENTIRELY YOUR SEPARATE RESPONSIBILITY.

All you have to ask yourself is: Would I rather have a secure level of income and the time to work on being a good and happy individual, or would I rather be continually stressed largely because I didn’t have that secure level of income…and still have to make myself a good and happy individual?

There are a lot of unhappy wealthy people and way too many unhappy unwealthy people. So don’t be stupid and not make your self happy…..and whatever you do don’t fall for the self interested nonsense of finance that money will make you unhappy.

Instead be wise, embrace guaranteed relative wealth with Wisdomics-Gracenomics that will enable you to fill your expanded leisure time with positive and constructive purposes….which is the key to both personal virtue and personal happiness.

The new national bank will have a jaundiced eye toward over production and mal-investment and will approve only such loans that attempt to prevent such waste. Economics is economics, and if an enterprise wants to utilize more funds they can always go to a well regulated private financial institution and borrow already created savings and profits at the best interest rate they can get.

The idea of a public national and central banking system is a good and correct “upping of the game”.

However, the flimsy liberal orthodoxy that inflation will not occur if we just don’t inject too much money into the economy is the same flaw advocates of social credit fell into after the death of C. H. Douglas, namely that the economy tends toward equilibrium and all we have to do is “fill the gap” which leaves the stench of Dynamic Stochastic General Equilibrium still hanging around it. No insult intended, even Steve Keen whose debunking of DSGE unconsciously still clings to a patina of the same mistaken concept.

It ignores that modern technologically advanced economies are INHERENTLY cost inflationary and even more importantly that the way to achieve the end of flawed orthdoxy and the inversion of temporal realities associated with paradigm change is to discover a way to create beneficial price deflation is to continuously fill the gap to abundant monetary over flowing and hence continuous economic free flowingness.

And that is achieved by integrating the universal dividend, the high percentage (50%) discount/rebate policy at the point of retail sale and the other regulations of Wisdomics-Gracenomics. The two policies construct the better alternative to the actual deepest cause of inflation which is commercial agents in an austere monetary system DECIDING to inflate prices when they perceive more money coming into the system in order to hopefully garner more business revenue. The volume of money is actually a seconday factor of inflation and as the point of retail sale is the terminal ending point of the entire economic process AND ALSO the terminal expression point for all forms of inflation the high percentage discount/rebate, again, beneficially integrates price deflation into profit making systems.

We have to drive a stake through the heart of private finance and its monopolistic paradigm of Debt/Cost/Burden Only with the extreme prejuidice of the new paradigm of Abundant Direct and Reciprocal Monetary Gifting….or it will rise from the dead and undo any and all lesser palliative reforms.

Also, another reason why we haven’t had much inflation is because we still have lingering mountain ranges of personal and private corporate debt consuming incomes as you do point out in the article. Once that debt is eliminated by a jubilee and/or other policies inflation will re-occur and give regressive forces what they believe to be an excuse for critiquing monetary abundance. Again, all the more reason to implement the paradigm changing better alternative.

Realizing the economic, monetary and inflation busting significance of the discount/rebate policy at retail sale is the invention of the telescope and the discovery of the ellipse of economic theory.

The Chinese use an equally elitist yet more pragmatic form of finance capitalism. As you noted almost all banks are government run. And when an enterprise does not produce profitability for the financial elite the Chinese simply write it off.

The FED has no idea what it is doing because it is still operating on debunked neo-liberalism. It’s good that you deleted any reference to Trump as he is the poster boy for all that is wrong with the money and financial systems (almost certainly money laundering of kleptocrat and slavery money and resulting compromat, bail outs by the same and abuse of bankruptcy. He’s intimately aware of the felonious form of gifting that’s true, but if anyone wants to think he’d buck his masters to do it the right way there’s a Florida mansion worth $25 million during the height of the GFC that I’ll sell to you for $95 million.

Definition: love in action/expression/policy,

Aspects: joy, humor, release, entusiasm, friendliness, love, beauty, Goodness-the Good,  meaning and purpose, knowingness-consciousness itself, an integrated duality within an integrative trinity-unity-oneness-process, the pinnacle concept and experience of wisdom, integration of truths only which is the very process and means of garnering wisdom itself, the integration of opposites, giving-gifting, simultaneity, bothness and bothness-andness, freedom, letting go-ness-non-graspingness, non-orthodoxy, flow-freeflowingness, dynamic balance, equilibrium and flow, the rational consideration of morals and ethicalness itself, an exact and actual solution to an actual problem, dynamic reciprocality-exchange, sovereignty-power plus ethics, space, time and self awareness, directness, nowness, newness,  interpenetrativeness, Encompassment-Concentric-ism, Interpentrative-ness-Conentric-ism, pervasion, wholeness, completeness, unmistakable and permanent progress,

The concept and experience of grace as in graciousness is the only concept that is in both your self interest….and everyone else’s. And that’s because its aspects are all about freedom and love.

Steve Hummel 12/26/2018

First, stock and commodity exchanges are economic corporations. Second, because the world is not an entirely rational or ethical place every theory and even paradigm changes require additional regulation beyond their theory and policy effects. Third, all it will take to undo any irrational and unethical attempts to de-stabilize the new paradigm is for entreprenuers that recognize the more rational and ethical benefits of the policies of the new paradigm to create new stock and commodity exchanges and so put their less rational and ethical competitors…..out of business.