The present Zeitgeist/Ethic of the Age is Power. The New one is Grace which is an integration of Power, Love and human action/systemic policy.

Grace, or any of the other words hung on the state by the world’s major wisdom traditions, is the new natural philosophy/spirituality (not necessarily religious) insight.

Why? Because grace most accurately describes both the highest human mental experience, and the reality of grace as in the dynamic, interactive and integrative free flowingness of the physical/temporal universe.

When you realize that the abundant/50% Discount/Rebate Policy at the point of retail sale resolves the chronic problems of individual monetary scarcity, systemic austerity and inflation…is when “the scales fall from your eyes.”

Why? Because retail sale being the terminal expression point for any and all forms of inflation and simultaneously the terminal ending point of the entire economic/productive process, that is where production becomes consumption…there is no more inflation that can occur and there has never been and never will be any where near an inflation rate greater than 50%. Hence it will not only completely eliminate any possibility of inflation, it will integrate price deflation into profit making systems. Such inversions of reality and resolutions of deep and chronic problems are only seen in genuine paradigm changes. 

Understanding the workings of politics and power is an interesting (and nearly neck breaking) study in opposites. Now if we would just include a wise and ethical intention to it like justice which I trust Robert Mueller is doing, we’d have clarity instead of the obfuscation those studies so often cause….and discover the truth as well.

Steve Hummel 01/26/2019

The study of the truths in opposites that integrated result in both the conceptual essence of ruling ideas, i.e. paradigms, and the mental and temporal patterns they create.

The present ethic/zeitgeist is Power. The ethic/zeitgeist of the new age is Grace which includes power that is guided and redeemed by same.

1   It’s a static balance sheet solution/policy.

There is nothing so dynamic and meaningful in the entirety of economics and the economic/productive process as a monetary policy that is executed at a terminal summing, ending, problem expression and pivotally inverting paradigm changing point, when after all, money is the most significantly powerful factor in a monetary economy. And that perfectly describes the Discount/Rebate policy at the point of retail sale.

2    The “powers that be” will never allow it.

This objection dramatizes the great Japanese military strategist Sun Tzu who correctly noted that if you can convince the enemy that going to war is useless…you will have won the war without even fighting. Don’t surrender. Be brave enough to fight, and smart enough to win.

3    It will make everyone lazy/It discourages work/purpose.

There are many, many wealthy people who lack purpose and probably even more poor/held down by the system people with the same problem. The fact is that, except for employment, of which much more will be available with the policies of Wisdomics-Gracenomics than if we don’t have such policies, creating positive and constructive purpose is an entirely separate process from employment. Employment is in actual fact a much smaller subset of all possible positive and constructive purposes, and having the time and monetary resources to pursue those purposes….is exactly what the policies of Wisdomics-Gracenomics will provide….everyone.

4    It’s just another theory.

Not correct. It is a new paradigm. A paradigm is simultaneously a single concept and an entirely new pattern that changes the present paradigm and resolves its deepest and most chronic problems…..with the reality of that single paradigm alone. Theories are what fit within a philosophy and a new paradigm so a paradigm is actually two mental integrations above theorizing.

5    Change must go step by step.

Reform is step by step and is as often as not a step forward and then a step or teo backward. Not so with a new paradigm which is discovered by the wise after contemplation of only the truths in the opposing perspectives which cannot seem, or will not even try to integrate those truths into a thirdness greater oneness that is the signature OF a new paradigm, but only contend and/or arrogantly make claim to the entire truth…despite the lingering problems that are always present before an imminent paradigm change. Paradigms are supremely mentally and temporally powerful and transformational occurrences.

Choosing a reform, a palliative or compromise when a new paradigm is possible…is actually an unethical act.

Taxes are not necessary in a truly and directly distributive money system with the policies of Wisdomics-Gracenomics.

Thus, give the wealthiest the option to the “Wealth Tax” of donating the same amount to socially beneficial charities. It’s more balanced and redeeming, and helps address problems long neglected by an economic and monetary system most basically focused  on profit and monetary accumulation.

C:  Since this is an economics blog, it is worth reciting some basic economic literacy:

Speaking of “costs”, “subsidies”, “market forces” “rigged markets” makes no logical sense at all in such a situation. It is gibberish based on specious, circular reasoning and falsehoods. Not understanding that is not understanding basic economics.

It’s like the old Jack Benny joke – The mugger says – “Your money or your life” Benny says – “I’m thinking”. Or more aptly, worrying about costs of renewables vs fossil fuels in a global warming scenario is like worrying about your wallet getting wet when you are drowning. It confuses means and ends.

The idea of global warming is that the true cost of all the fossil fuels we’ve burnt is enormously higher than previously thought. So oil, coal etc have been and are fantastically subsidized, enormously more than renewables ever have been. In any case, monetary costs are a side effect of government spending and taxation. BY DEFINITION, all markets are “rigged” – an unrigged “free” market is logically, not merely empirically impossible. Monetary costs cannot be used to ultimately determine what is spent and taxed – for that reverses causes and effects.

If global warming is anything like as bad as most climatologists say, then removing “subsidies” from renewables – is in reality subsidizing fossil fuels and enormously destructive activities using them. It is lunacy, not something to be celebrated. Of course that renewables are declining in real costs even in this environment is something to be celebrated – it is saying that even with today’s enormous and insane subsidies to them, fossil fuels are becoming “uneconomic.”

Me:  Precisely, and that is why having a publicly administered non-profit national and central banking system that would be at arm’s length from the other three branch’s of government is essential if we are going to ever get serious about issues like global warming, and stabilizing an economy already plagued by lack of monetary democracy and that has no where to go but get worse with the only getting started disruptive force of AI unless of course we awaken to an intelligent implementation of the new paradigm of Abundantly Direct and Reciprocal Monetary Gifting at the point of retail sale.

Also, “In any case, monetary costs are a side effect of government spending and taxation.”

Yes, under the current paradigm this is correct…because a FLOW of Debt Only is an INHERENTLY BURDENSOME FLOW of cost. This is not the crank idea that interest is the be all and end all of our economic and monetary problems. It is the recognition that a monopolistic paradigm of Debt Only tied to profit making systems which will always attempt to cut costs IS UNECONOMIC…..unless a new paradigm of Abundantly Direct and Reciprocal Monetary Gifting is integrated into that system.

What is the “retail product” of a commodities exchange? What if there was a policy of a 10% discount/rebate on every futures contract, and the purchaser of that contract was able to count that discount as profit….IF they did not increase their prices except for valid and actual increase in their business costs…..and were taxed severely if they did?

What if we abolished the charter for money creation by private banks and instituted an arm’s length publicly administered national banking system and central bank that might allow some, but looked intensively askance at large speculative leveraging in order to inflate asset and commodities prices? One that would also completely wind down the mountainous debt from derivatives from before the GFC and let the chips fall where they may for the opposing parties….and never allow any such idiocy in the future?

These are a couple of the policies, regulations and structural changes of Wisdomics-Gracenomics.

Let us end the de-stabilizing speculative, casino-like financialization of the economy and, with the concept behind the new paradigm create a more prosperous re-retailization of same.

And if the commodities and stock exchanges want to collude with each other not to implement or to game the policy in some way….I’m sure some savvy investors will be happy to start up new exchanges. Competition. It’s always an economic virtue.