A $100,000 debt jubilee for all student and private individual debts.

$1500/mo. universal dividend at age 18 for life.

25% discount/rebate on all everyday consumer items and a 50% discount/rebate at both retail sale and at note signing for homes/mortgages,  furnishings, solar power systems and high MPG/electric autos.

Students would have $23,994/yr. of purchasing power ($1500/mo + 25% discount x 12) and so they could attend all but the most expensive colleges, be able to pay for tuition as they attended and not become saddled by huge debts upon graduation. With some slight employment while attending they could have a more than comfortable lifestyle while attending as well.

With the universal dividend starting at the age of 18 and a 25% discount/rebate policy for everyday consumer items and services every adult will be guaranteed $23,994/yr. and so $47,988/yr. ($23,994 x 2) for a two adult houshold. For 2 adults with 2-$25,000/yr jobs that is another $66,650/yr. ($50,000 +25% discount) or a total of $114,638/yr of potential purchasing power. Enterprise will benefit by individual demand more than doubling, hence potential business revenue rising by potentially the same. As the discount is at the terminal ending point of the entire economic/legitimate productive process no inflation can occur and price deflation is painlessly and beneficially integrated into profit making systems. That is most definitely a paradigm change.

Publicly administered Central and National Banking system that creates and distributes loans and all dividend and discount/rebate policy gifted monies at 0% interest.

Elimination of all transfer taxes by individuals and businesses for welfare, unemployment insurance and social security. Income tax rate reduction to 10% with little or no deductions for both individuals and businesses.

Direct funding of government at federal level by the central bank and eventually at state and local levels as well. Taxes will help fund research into technological innovations for more production with less resources, pollution and green house gas reduction, medical-pharmaceutical research.

Medical and other forms of insurance will fully participate in discount/rebate policy and adjust concommitant actuarial profit considerations and premiums. A medicare option will be available as well.

Tax incentives for not raising prices or reducing prices in only non-monopoly ways will be implemented, and severe tax punishments for accounting fraud or gaming of the new paradigm system in any way including, rapidly, to loss of discount/rebate participation privileges.

In return for the more than doubling of available individual income and hence business revenue with the dividend and discount policies all enterpises will submit to a rigorous monthly accounting analysis of their  books. Decreased costs can legitimately be made business savings, but arbitrary price increases without bona vide economic cost increases will not be tolerated.

The central bank will look ascance at any large leveraging up for any speculative purposes, and any attempts to short the currency from domestic or foreign sources will immediately be considered null and void.

Speculators in commodities markets will also not be allowed excessively large leveraging, and if they do not abide by all regulations new commodity markets will be created that will so abide.

This is the immediate end of poverty, individual income scarcity, systemic austerity and an increasingly halting economy as artificial intelligence continues to reduce work for pay. The dividend can eventually be raised even further as employment perhaps continues to erode.

A cooperative effort by the helping professions, the clergy and the government with public service announcements like the ones used to reduce smoking should be undertaken to help positively and constructively acculturate the general populace to leisure, to find other purposes in addition to employment and to build stronger communities throughout the land.

A program like the Civilian Conservation Corps but for programs for artistic and craft expression and also for study of the non-sectarian natural philosophical concept of grace and its aspects in all areas of life could help the populace fully understand the concept behind even the new monetary, economic and financial paradigm. It is time for humanity to leave its lingering adolescence and to mature into its true species designation of homo sapiens sapiens, i.e. wise and discerning man.

All research and programs for creating an ecologically sane economy will be completely and undeniably possible with the new banking and financial systems. Systems were made for man, not Man for systems and the planet was made for all to live, mature and thrive in.

Wisdomics-Gracenomics integrates and completes the reasearches and policy suggestions of Graeber, Keen, Hudson and policies and insights from MMT.

Jubilees are necessary at the terminal ending/collapsing point of macro-economic functioning and a relatively high percentage discount/rebate monetary policy at the terminal ending point of the legitimate economic/productive process at retail sale is the reflective and dynamically ongoing way to accomplish continual jubilee and paradigm change in the economic and monetary systems.

Theories, even if they are accurate and true, are flimsy things unless they have deep and transformative policies, at which time they may become new paradigms. Paradigms are THE truth, the OVER RIDING truth expressed by theory.

Steve Hummel 12/20/2018

P:  A simple multiple regression with total private debt, the first derivative of private debt(credit), and the second derivative of private debt(credit impulse), is well over R squared of 93% over at least the past three decades. This is large but not spurious. By far the largest contribution is that of credit.

NR: May I humbly suggest that you have just uttered a tautology. Hardly a rarity anywhere. But you have inadvertently chosen statistical “newspeak” as a mode of expression.Please consult George Orwell’s 1984. Try thinking about it a bit.

GOOGLE: {1}Norman L. Roth {2} Norman L. Roth, Technological Time {3} Norman L. Roth, Economics of Work. I also suggest you introduce yourself to a subject called ‘Epistemology’ .

It could prove very practical in your case .Also, Lars Syll is quite well versed in that subject as well as in the limits of Statistical methodology, and the temptations to fallacy contained therein. May I also suggest that you try John Maynard Keynes; A TREATISE on PROBABILITY,1921. Not to mention Frank Knight’s contribution written about the same time.

Me: Tautologies are a hint, as knowledge can only be perceived by a knower….no matter to whom or to what one attributes such.

Also, telos and technos being another duality to derive an aspect of the natural philosophical concept and/or experience of grace/consciousness, in this case process, you should be affirming what I post here.

“…..why do you kick against the goads?”

P:  My point was, Paul Krugman still teaches Loanable Funds, the predicate assumption of which is that private debt does not affect any important macroeconomic outputs. This despite the fact that total private debt and its derivatives account for something like 98% of the variance in unemployment plus simple trigger criteria based on total private debt predicts financial crisis reliably. The claim that no model reliably produces a high correlation that is not spurious is false. Macroeconomics simply made one wrong turn; ignoring private debt per loanable funds.
Steve Keen and Michael Hudson are leading the way on this too. I’m glad to learn someone is bothering to read my posts here. I was starting to wonder. Thank you.

Me: Yes, their insights (Keen’s and Hudson’s) are valid re-discoveries of the fact that modern technologically advanced economies are INHERENTLY cost inflationary primarily due to the ever increasing depreciation costs of its technology, its own fixed capital and the removal of money from one cycle of production to another via re-investment or retained earnings.

Douglas and his followers made the mistake of falling into the spell of DSGE by only trying to “fill the gap” instead of inverting individual monetary scarcity into abundance with the paradigm changing policies of Wisdomics-Gracenomics. Keen wants
a one-off “modern debt jubilee” which also still has the stench of DSGE hanging around it despite his vehement critique of it, and Hudson’s financial parasitism correctly identifies which paradigm must be changed but doesn’t have a comprehensive policy plan to accomplish it. Finally, they’re all so addicted to abstraction that they seemingly can’t come into present time to spot the triple power point for policy of retail sale.

DT:  Another Copernican revolution is needed to get the meaning right way up again.

Me:  Although they’ll fight it to the death also, (paradigms must not become conscious you know) the banks can countenance a citizen’s income so long as it doesn’t transform the scarcity ratio of total actually available individual incomes to total costs and so total prices. That’s one of the reasons a discount/rebate monetary policy at retail sale is so essential because it inverts the scarcity ratio reality via price.

Quantum physics is an expression of consciousness, and the temporal universe and our experience of it is simply a lot more space, time and some randomness tossed in for us to experience and, for the sake of purpose, to puzzle over and enjoy.

Steve Hummel 12/15/2018

25% discount/rebate for everyday consumer items and services (making the $1500/mo dividend capable of purchasing approximately $2000/mo) + whatever may be determined to be the monthly inflation rate despite new policy cost savings, tax incentives and discouragements. Also, non-retail businesses may utilize discount in its retail consumer purchases but should pass on those cost savings in its final products…unless of course it doesn’t mind losing market share due to price competition.

$1500/mo. universal dividend with 25% discount/rebate policy = $48,000/yr guarantee for a two adult household. Therefore two adult household income with dividend and two $25,000/yr jobs = $66,650 + $48,000 = $114,650 potential purchasing power/yr.

50% discount/rebate at both retail sale and at note signing for homes, autos, furniture, green related purchases etc.

Private money creation ends, non-profit 0% interest national banking system and central monetary authority begin

Same taxation and regulation policies as before

Create Department of Innovation and Competition

….you can only enable it or create it.  Therefore, the idea that Wisdomics-Gracenomics is utopian is false. A utopia is an hierarchically imposed one size fits all “solution”. Wisdomics-Gracenomics enables and creates the possibility for individuals and commercial agents….to create their own ideal scene/utopia.  It’s an important distinction to realize.

Macro-economics is a very recent body of knowledge born into a 5000 year old monetary and financial paradigm….that it swallowed whole. Hence it has fallen into both obsessive orthodoxy and iconoclasm which is the perfect prescription for obsessive theoretical contention and confusion leading eventually to systemic collapse and political and social disintegration.

Discover the new paradigm and theorizing is a straight forward rational, policy and philosophical process.

Steve Hummel 12/13/2018

Of course not, because power corrupts, absolute power corrupts absolutely and a herd of elite financial insitutions can never be effectively regulated.

It takes a new monetary, financial and economic paradigm of Direct and Reciprocal Monetary Gifting to break up and replace finance’s monopolistic paradigm of Debt Only for the sole form and vehicle for new money creation and distribution, and to bring sanity and humanity to modern economies.

If industries like insurance, real estate and stock and commodities exchanges do not want to abide by the economic virtues of thrift and competition, then I’m sure new start ups in those parts of the economy will force them to do so.

A society and its systems that truly serve mankind as created by the philosophy and policies of Wisdomics-Gracenomics is obviously superior to one that instead makes mankind slavishly serve those systems via domination and manipulation. Combine that with the fact that such a system actually reduces commercial agent’s costs and vastly increases the ability for consumers to purchase their goods and services, and how can any enterprise claim the “right” to destabilize that system out of sheer greed?