Wisdomics-Gracenomics’ contains a new discovery, a new insight that effects an actual paradigm change.

The Copernican cosmological paradigm change altered our thinking about the universe simply by inverting the poditions of the earth and the sun. It changed the minds of virtually everyone. The new monetary, economic and financial paradigm of Direct and Reciprocal Monetary Gifting does exactly the same thing by inverting the systemic and individual realities of monetary scarcity into abundance of both, and also resolves the long standing problem of price and asset inflation in modern monetary economies by integrating painless and beneficial price deflation. As the invention of the telescope and the discovery of the elipse enabled the Copernican cosmological paradigm change, so the insight and discovery of the triple power point significance of the point of retail sale and a high percentage discount/rebate monetary policy implemented at that point accomplishes the new paradigm in economics, money systems and the financial system.

Wisdom has always been associated with the third alternative. The Heglian dialectic of thesis, antithesis and synthesis is an example of such in the logical process. Data gathering, theoretics and philosophy are another. Looking/not knowing, combining/integrating and seeing/knowing is the analogous mental process as is science, philosophy and paradigm perception on an epistemological ascending scale. The third alternative to the elitist theories of finance capitalism and democratic socialism is the new monetary, financial and economic paradigm of Direct and Reciprocal Monetary Distributism.

Wisdom is the integrative state of mind and ethic, and the pinnacle concept and experience of wisdom is grace as in the various aspects of love, in action, by the individual and in Man’s systems.

I basically agree with what you say, particularly that the purpose of production is consumption, it’s just that intelligently and insightfully changing the systemic realities of monetary austerity and individual income scarcity into abundance of both, and chronic and erosively cost inflationary into beneficially price deflationary with a new paradigm of Direct and Reciprocal Monetary Gifting….almost entirely moves us on from debate about it and also enables us to regulate economic vices and virtues via lower but more effective rates of taxation.

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