How can the natural philosophical concept of grace be anything but the complete truth? After all, its many aspects describe and apply to everything….and their opposites. Steve Hummel 04/07/2021
Yes, this is a good discussion. It’s good to be for science. It’s even better to be for GOOD, OPEN MINDED science, and its always best to be for what historically has always enabled scientific breakthrough and that is the integrative/BOTH/AND mindset.
Good science is BOTH rigorously falsifying AND willing and able to embrace imagination. Wisdom/Natural Philosophy is the integrative mindset/perspective and science is a wholly included set within it. Wisdom/Natural Philosophy is hence the more enabling of whole truth and so the superior mental discipline.
Whatever the investigation, if we accepted, as all of the world’s major wisdom traditions do, that love is the supreme value and experience and that its active form, grace/graciousness/lovING is the most integrative/unifying/resolving idea and action, then we might be a lot closer to fixing economics, making it a securely joyous daily experience and getting on the bandwagon of using grace as in monetary gifting to move with post haste toward surviving global warming.
Me: Addressed to Steve Keen:
Yes, however, education is not the only thing financialization has corrupted and prevented from being more dynamic and emergently in process….that is a lot more like the natural universe.
I’m sure Dr. Keen would agree with me seeings how he has correctly identified the things neo-liberal economists ignore namely money, private debt and banks, and we both agree that what economics needs is a new philosophy, i.e. a new concept that changes its entire pattern. A concept (and its aligned policies) that would make the economy flow freely, double everyone’s earned purchasing power while forever eliminating inflation, potentially enable all manner of integration of political opposition and even enable a bottom up surge of consumer green/carbon diminishing production.
Those policies are the simple but powerful accounting operations of equal debits and credits summing to zero (yes Dr. Keen your observations about the importance of accounting are correct) of a 50% discount/rebate policy at retail sale and a 50% discount/debt jubilee at the point of loan signing. Imagine getting a $50k Tesla at retail for $25k and then when you sign the loan you only have to borrow $12.5k. Imagine $50k of solar panels and batteries for $12.5k. Finally, with both scarce free and clear purchasing power and inflation no longer being a problem just think of how much fiscal spending could be directed toward helping us survive the existential problem of global warming.
If you understand the basic things about money and the economy, that is that money is most basically accounting and that retail sale is the terminal ending and summing point of the entire economic/actually productive process; and also understand that these things are almost universally overlooked, then you have an awareness of the policy power of a sufficiently high percentage reciprocal algebraic and accounting operation at that point. And, if you are also aware of the fact that philosophy-ideas are more mentally and temporally integrative and thus epistemologically superior to data and abstraction separately or together, then you can also become aware of the fact of why and how a new paradigm is a single philosophical concept that is thus able to change an entire pattern…..which is what a paradigm is.
A paradigm, like all wisdom, is the second most integrative phenomenon humans are capable of experiencing. The only higher awareness/phenomenon is that of a zeitgeist/ethic of the age.
Wisdom (of which ethics is an integral part) is the human species’ virtually exclusive trait. Unfortunately it is woefully under developed and systemically even more neglected. But once one fully becomes aware of an aspect of it they are never the same and always better for it.
Full and direct awareness of the present moment is the fifth dimension AKA wisdom.
Steve Hummel 03/28/2021
Grace is everything, and everything is grace. That is, grace is ultimate and complete nature. Most of both religion and science have missed this point.
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KZ: Most historians of the United States (and before) agree that Alexander Hamilton saved the United States after the Revolution through his changes to the US economy. One of these changes was establishment of a US National (public) bank. Modeled along the lines of the Bank of England, a central bank would help make the new nation’s economy dynamic through a more stable paper currency. The bank would also provide the financing needed for American businesses to operate and to make them independent of foreign competition. With a public bank in place there was little need for a US private financial sector except to foment speculation in the value of money and money surrogates such as stocks, bonds, etc. So, I do not agree with the position in this post that, “The relevant dividing line does not run between the real economy and the financial economy, rather between the two hemispheres of the financial economy: on the one hand those areas that contribute to financing the real economy, on the other hand those areas that do not contribute to financing economic output. In short, the dividing line runs between GDP finance and non-GDP finance.” It is my view that the relevant dividing line in terms of finance is between public financing of American commerce through a public national bank and the financing of that commerce through private sources that always run the risk of giving into the temptation to finance for the profit of the private financialists rather than the welfare of the nation’s economy. Simply put the economic welfare of the nation must never be allowed to rest on the gaming club of private financial investors. If the national bank can find a use for such investors and can control them sufficiently to ensure this welfare is protected is the only circumstance in which their financial input into American commerce should ever be allowed. It should never be the intent of the American economy to support the recreation and gambling of groups of lay about louts.
Correct, except you can’t cut off every one of the heads of the hydras at the same time and even if you do each still grows two more out of the stub. It’s the problem/lesson of palliative reforms expressed. Private finance must not be allowed to create money, only aggregate already created amounts of it. And even then such aggregative funds must be firmly and ethically regulated. Public finance must become ascendant.
And even then one still hasn’t addressed the philosophical and temporal universe problem of the current monetary and financial paradigm of Debt Only. The new paradigm of Monetary Gifting must be integrated into that current monopolistic system. No more endlessly fighting the hydra on merely the temporal level. Change its philosophical and ethical nature….and turn the tables on the problem and its elites.
The purpose of a zen master striking a noviate is not simply violence. Its intention is really just an oppositional method from meditation/simply looking in hopes of bringing he/she’s attention-consciousness into the present moment which is where that simple natural integration known as satori exists and can only be experienced. Satori is another word for the state of grace that is the actual state of the cosmos where all of the falderal of human mental opposition is finally perceived as both illusion and necessary…as one cannot truly experience truth without also experiencing fallacy and yet a thorough integration of opposites/duality is not merely some kind of obliteration, but a thirdness greater oneness of truth.
Grace, properly experienced and understood is always relevant, resolving and unitary. As with consciousness raising, so with economic theorizing and policy formation.
Wisdom is the integrative process itself. When onerealizes that the integration of their own awareness with the momentary flow of nature/cosmos is the experience known as God they are much more ready to embrace a naturalistic pan-entheism which is also an integration of science/knowing about and wisdom/knowingness.
Steve Hummel 03/13/2021
Money is one of humanity’s greatest inventions. It is not the problem. The use to which it is put, and beyond that allowing its creation and distribution to be solely and paradigmatically monopolized by private for profit banks…..IS. THE. PROBLEM.
Regulate money’s creation, align its usage with a new paradigm concept that is unassailably ethical and rational, and create a national banking and financial system that rigorously adheres to the spirit and law of that concept….and all of the rest of the correct heterodox economic theorizing that has nascently grown up around its recognition will coalesce in your mind and in the temporal universe we all live in….and then, because an essential aspect of that concept is dynamic, interactive, integrative and ethical flow, process and change, we can get on with rationally and ethically confronting whatever other problems will emerge as we become more aware of ourselves and the basic nature of the cosmos.
May the natural philosophical concept of grace be upon you….and carry on.