If you don’t have to worry about inflation because you’ve taken rational control of the terminal expression point for all forms of inflation with a high percentage discount/rebate monetary policy at the point of retail sale that beneficially and “miraculously” integrates price deflation into profit making systems, then you can pour as much money into the economy as is needed for everyone to have an upper middle class income and to finance whatever projects are needed for a better, more productive and ecologically sane world.

The paradigm of Debt Only has been in effect for virtually everyone and at every moment for such a long time that it has held the cultural and psychological evolution of mankind back almost from the beginning of civilization. Once this great and vast neurosis is removed and we intelligently and graciously acculturate ourselves to the freedom the new paradigm will effect, mankind will have the opportunity to fulfill its actual species designation of homo sapiens, wise and discerning man.

The $1000/mo. Dividend and 50% Discount/Rebate policies for consumer goods and services will remain in force for 10 years. People will be encouraged to work at least part time for this entire period. After the ten year period the Dividend will probably be increased and the Retail Discount/Rebate policy for everyday consumer goods may be reduced by at least half to 25%.

The 50% Discount/Rebate for notes for homes and for other “big ticket items” like autos, especially for electrical ones, will continue to be the new end of the productive process and will not be reduced in percentage

Discouraging taxation and regulations will remain in force for non-legitimate price increases (those made without actual overall cost increases), and tax and regulatory incentives will also remain for competitiveness and innovation.

A Green agenda will continue to be encouraged in every way especially for research into being able to do/produce more with less resources and energy usage. Green infrastructure will be a top part of the agenda and intelligently financed.

The National Banking System with 0% interest loans will remain in perpetuity.

The Dividend and Discount/Rebate policies will become amendments to the Constitution.

DSGE Macro-economics has not only become an obscuration of the monetary nature of the economy, it has also become a justification of private finance, its money creating powers and the paradigm of Debt Only.

Until macro-economics’ realizes that it was born into the over 5000 year old domination of economics by the paradigm of Debt Only as the sole means and vehicle for the creation and distribution of credit/money it will either miss the entire point (Neo-liberal DSGE) or splash around on the surface of this paradigmatic insight with the palliative reforms of extremely erudite people like Steve Keen, Michael Hudson and the various advocates of MMT.

Only the realization of the new paradigm of Direct and Reciprocal Monetary Gifting, its primacy over Debt Only, the significance of the triple power point of retail sale and monetary policies implemented at that point will actually resolve the problem and complete the theories and insights of the above individuals. The answer to the coalescence of the financialization of the economy is the re-retailization of it.

Reverse and solve the problem of the over financialization of the economy with its

re-retailization.

“give a basic income to every living soul”

Or give everyone 18 and older a $1000/mo dividend for their entire adult life and take rational economic and monetary paradigm changing control of the point of retail sale with a 50% discount/rebate policy. Besides the paradigm change all this would do is:

Immediately end poverty

painlessly and beneficially integrate price deflation into profit making systems because retail sale is the terminal end of every consumer products economic process and also the terminal expression point for all forms of inflation as well

enable the elimination of transfer taxes for welfare, unemployment insurance and social security thus simultaneously cutting costs for business and increasing take home pay for individuals

enable large income tax reductions….as MMT has shown us that except for a relatively small percentage to establish the government’s sovereignty in such matters

Better cite me for having said these things for the last 5-6 years….when some economist or pol picks them up.

Love is the supreme experience in the cosmos and graciousness is the way to make it most real to yourself.

Devise a non-sectarion set of morals and ethics (the rational consideration of morals) based on the fundamental concepts and experience of love and its active form in the temporal universe, grace/graciousness; and the equally fundamental understanding that all human beings are Self conscious and hence they ALL require genuine consideration.

Acculturate these understandings and experiences and also require a period of service that gives its participants the opportunity to express and experience them and so further “solidifies” these realities in the minds of young people.

Me: “Proving things ‘rigorously’ in mathematical models is at most a starting point for doing an interesting and relevant economic analysis. Forgetting to supply export warrants to the real world makes the analysis an empty exercise in formalism without real scientific value.”

Precisely. It’s mere abstraction and sophistry. It’s arguing over how many angels can dance on the head of a pin. What is required is a paradigm change which inverts and transforms realities in the body of knowledge under discussion. Such changes are the result of a new insight, and the new insight needed now is that if you take firm and rational control of the terminal expression point of all forms of inflation by implementing a relatively high percentage discount/rebate policy at retail sale you can inject virtually as much money into the economy as you please and not only eliminate inflation but beneficially integrate price deflation into profit making economic systems. Oh sure, you’ll need to do some further regulation humans not being entirely rational or ethical, but “It’s better to be roughly right than precisely wrong”, no?

P:  You make a good point. For example, current macro theory distinguishes between expenditures that are investments versus consumption. So individual incomes are thought to be saved for investment or consumed. Ignoring for now that a lot of investment comes from banks and not from savers, more fundamentally, look at we consider to be consumption rather than investment.
Having a child, feeding a child, educating a child, clothing a child, in brief, raising a child, is not considered an investment by economists. Think about that.

Me: Correct. Abstraction too often results in objectification….of everything including the experience of oneself and everybody else.

This of course is why Wisdom, whose source of information IS direct existential experience OF oneself/one’s consciousness (no matter whether you believe it to be supernatural or integrally natural) ….is so important.

Systems were made for man, not man for systems. Economists need to make that truth their most fundamental ethic and policy effect….and we’ll undoubtedly find our way…because consciousness, again no matter how one wants to define it, is such a fundamental and powerful fact and experience.

When you’ve seen the moons of Jupiter rotating around it….you’re stupid not to act with decisiveness regarding the new paradigm….even if the ellipse has not yet been discovered/the triple power point of retail sale has not yet been consciously recognized by economists and economic pundits.

It won’t be the State “withering away”, but rather the real problem….finance, and it won’t be the end of profit making economics, but rather its transformation via the directly distributive liberating factor of money guided by the natural philosophical concept of grace as in love in action whose aspects are further encouraged to become fully self actualized in the populace and the business community by a leadership increasingly aware of same.