Consider that the expanse of the macrocosym appears to us here on planet earth to be gracefully slow to the point of being almost fixed and yet existence “out there” in the moment is undoubtedly just as frenetic, dynamic and action filled as it is to us here and now. At the same time we understand our own microcosmic reality to be a frenzy of energetic and continually changing states that a viewpoint from that perspective would interpret our temporal universe as just as gracefully slow to the point of being fixed as ours is of the macrocosym.

Hence we exist at the graceful third integrative point between the micro and macrocosym….with our consciousness being the almost magical but actually natural element able to comprehend ourselves and the entirety of the cosmos….if we contemplate and fully understand the dynamically flowing, interactive, integrative and conscious reality of grace.

Kanye West’s oval office rant today dramatizes what lack of mental coherence/integration results in, and also shows what even the well read intellectual erudition without the insight of wisdom looks like in people like Steve Bannon and Donald Trump.

Kanye’s rant was an incoherent unintegrated throwing together of problems that was confused and confusing. It was however an aglomeration which is what a paradigm/pattern looks like without the core concept that lends it coherence and elevates and transforms it into an actual new paradigm.

Bannon and Trump’s “fourth turning” beliefs are actually the same thing with a patina of erudition but no real insight or paradigm perception because they confusedly believe that the chaos of bashing ideas together to the point of political and social polarization rather than the wisdom of integrating the truths in opposing perspectives will result in good….instead of more confusion, chaos and (idiotically and probably unconsciously) perhaps an opportunity for demagogues and tyrants to take control and suppress the populace afterward……in the name of control and “progress”.

Kanye, Bannon and Trump. Birds of a feather flock together.

Y:  A good summery of an interesting debate. Heterodox economists who are always criticizing methodological problems of mainstream economics are required to propose a third interpretation / understanding on the actual state of American economy. Similar analysis is also possible for European and Japanese economies which are also stagnating roughly speaking.

A point of my doubt on David Rucio’s argument is the very place that Garrett Connelly has cited (first citation). I admit that the present capitalism has some “inherent instability or its tendency”, but pointing this is not sufficient. We should also show why capitalism (or national and world-wide economy) normally works sufficiently well. We have to present a theory that can explain both aspects of capitalism (instability and stability). We must explain how and where the economic situation in an aspect changes to the other aspect.

Me: Excellent point Yoshi. Private Finance Capitalism is unstable because it enforces a virtual monopolistic paradigm of Debt Only for the sole vehicle and form for the distribution of credit/money. Normally this is mistaken as stability because we’ve swallowed the idea of the business cycle and the notion of general equilibrium. Every severe financial crisis has been preceded by a period where Finance, due to the belief that these two factors are “normal” and relatively benign, has taken leave of its moorings and run up unsustainable indebtedness. Keynesians think they can tweak the system into stability with more governmental spending and libertarians and conservatives think they can wring stability out of it by austerity, but neither of these actually does anything to resolve the monopoly paradigm which is at the base of the problem. With AI inevitably reducing aggregate individual incomes, corporate giantism becoming increasingly “necessary” and monetary inequality still considered a norm tweaking and palliatives are not going to bring us back to the relative “stability” of the period before the GFC.

It requires a new paradigm. One that reflects the heavy handed method of the ancients for dealing with the problem, i.e. debt jubilees and assassinations of those who opposed such, and yet with deeper insight into the digital natures of the pricing, debt based money and accounting systems is more humane, integratively effective and knowledgeable.

And that new paradigm is Direct and Reciprocal Monetary Gifting.

Y:  Dear Craig

Your paradigm is concerned with social and economic policy. I believe there many things to do before talking about policies. Stability/Instability first concerns about understanding what happens in the actual economy.

Me:  Yoshi, Well, I disagree. As I have pointed out here numerous times a paradigm is a single concept that represents and creates an entirely new pattern….whose logically derived policies…simply follow from it. Consequently, discovering that single concept….is everything policy-wise.

In fact, as I have also pointed out here numerous times the fact that the best heterodox and progressive economists suggest policies based upon and reflective of aspects of grace as in monetary Gifting…and yet do not have but the foggiest notion of the aspects and/or definitions of that philosophical concept… demonstrates why their follow through policy thinking is handicapped and incomplete.

As Maslow and other trans personal psychologists have pointed out self actualization/personal knowledge of a philosophical concept is normally very difficult if not impossible when one’s level of personal (or in this case economic) reality is consumed by insecurities, conflicting theories/data and doubts. Or, as is also the case for economic theorists….they simply aren’t looking in the places that could have enlightening insights and thus they miss them.

And that is why and where the integrative mindset and mental skill sets of wisdom/paradigm perception become so important because mentally they require, combine and habituate “looking through both ends of the telescope” which again reflects the nature of new paradigms and the mental process of Wisdom.

As for what is “actually going on in the economy” I couldn’t agree more. And what could be more focused on the moment to moment goings on in the economy than the codified and classified exchanges of buying and selling recorded by double entry bookkeeping? What could be more informative than the fact that the pricing, debt based money system and double entry bookkeeping are all digital in nature, that is equal amounts of debits and credits sum to zero, as does equal amounts of free and available money and prices and equal amounts of money and debt? And if one wants to have an effective monetary and economic policy then would it not be best (digitally) implemented at the terminal summing point for all costs and so all prices for any item or service in the economy as well as at both the terminal ending point for the entire legitimate economic/productive process and the terminal expression point for all forms of inflation? Such summing, ending and expression points have powerful aggregative, algebraic/arithmetic and problem resolving effects.

DT: Craig, a paradigm is not a single concept. It is rather the embodiment of a system of concepts: an example like Newton’s cosmology in which one can observe the interaction of the variables – here position, change of position in time, rate of change of position in time (acceleration) and the force generating (or as Young put it, controlling) the acceleration (in that case gravity).

Are you not still thinking monetary system wide rather than person and product wide when you say “And if one wants to have an effective monetary and economic policy then would it not be best (digitally) implemented at the terminal summing point for all costs and so all prices for any item or service in the economy as well as at both the terminal ending point for the entire legitimate economic/productive process and the terminal expression point for all forms of inflation?”

 Me:  Dave,  As I have repeatedly said here it is BOTH a single concept AND an entirely new pattern….created by that single concept and the logical and relevant policy applications of the single concept’s aspects throughout the system/body of knowledge/area of human endeavor that the paradigm applies to.

A digital policy of a 50% discount for every product and service at the point of final retail sale immediately doubles everyone’s purchasing power. In other words where a person yesterday had to spend $100 to buy $100 worth of goods now they have $100 worth of goods and still have $50 left in their pocket that they can either save or buy their wife a huge bouquet of flowers and a boatload of snickers bars.

So what’s not to like about that from an individual perspective?

And of course the rebate of the $50 discount back to the retailer giving the discount makes him/her whole on their overheads and profit margins so they are not harmed in any way by the discounts they give….and of course they’re benefited by the fact that twice as much actually free and available individual incomes now exist…to become someone’s business revenues. It’s all upside for every agent individual and commercial and for the system as a whole.

Finally, as the policy is implemented at the terminal expression point for all types of inflation, hyperinflations do not occur except under catastrophic circumstances and garden variety inflation is “good” at 2-3% this single policy has miraculously (from an orthodox non-paradigmatic economic perspective) not only painlessly but beneficially integrated price deflation into profit making systems…..because consumption is the terminal ending point of the entire legitimate economic/productive process for any item or service. In other words you get to eat it, drive it, live in it, wipe your butt with it, text with it or surf the internet with it….and no one has the right to make you pay anything more for it (except Finance which [hint, hint] is additional costs post retail sale).

Direct and Reciprocal Monetary Gifting is Helio-centrism and Agriculture-Homesteading. And hopefully, if we bump two neurons together and acculturate employment and purpose instead of employment only, action and contemplation instead of almost entirely action then the further paradigm shift from science only to both science and wisdom will enable homo sapiens to emerge from its lingering adolescence and fulfill its species designation of wise and discerning man.

When public finance is of zero cost then both ecological research and innovation will become utterly unleashed which is precisely what is needed immediately. Also as innovation which Wisdomics-Gracenomics utterly enables with cost reductions and by integrating price deflation into profit making systems, profits can occur without such things as planned obsolescence and other schemes to sereptisously bloat production.

It’s a false synthesis because private finance’s enforced monopoly on money creation is contradictory to an alleged competitive free enterprise economy. That coupled with the paradigm of Debt Only enforces economic instability and the dualistic business cycle therefore also making it a counterfeit unity.

KZ:  James, as an historian I’m always amazed that culture defining changes effecting billions of human lives are so often the result of misunderstanding or just plain laziness by supposedly “brilliant makers of society.” Two of these particularly interest me. Milton Friedman and Karl Marx. I have a similar interest in psychopathic “leaders.” Some obvious, like Joseph Stalin. Others less so, like Ayn Rand.

JB:  Ken, you have given four notable examples, in terms of their apparent impact on millions of humans, it seems to me.

RL:  As an historian, who approched the modern world through a 19th century, German perspective, I can’t understand all this emphasis on Anglo-Saxonia. Until 1940 German economists dominated the thought world, the view that Smith set the direction of the thought world is anachronistic. It appeared after 1945,when neoclassical economics rode to victory in the us hegemonic thought world. Trump wishes to keep that world going, but the world is a different place today than in 1945 and the thought world needs to change in like with other tradtions, like the organic as opposed to the proprietary view of the firm.

JB:  Good point, Robert, to the victor belongs the spoils. The Germans were rattled by WWI & lost much more in WWII. Now that both the EU can & China is challenging US post-WWII cultural dominance, it may be that a balancing of impact among three powerful cultural entities will emerge. I hope so.

Me:  Yes, WN and TMS should be read together, and Freidman and Marx, intelligent German moralism and industriousness and its maniacally fanatical counterpart Nazism, and Stalin and Rand together as well. Why? Because it’s the integrative mindset in action. How about a comparative study of the ideas and techniques of the world’s major wisdom traditions and B.F. Skinner’s Behaviorism?

The result of these studies would hopefully evoke an understanding of what I refer to as the cosmic code in action which is a trinity-unity-process superior to the mere dualism of the scientific method because by integrating the first two aspects of the Hegelian dialectic they render a unified entity that becomes a new dualism with the third aspect of it, namely synthesis, that incorporates consciousness into the equation and reminds us of the ultimate and inclusive importance of the end process of the dialectic….so that we become less prone to mere ideological thinking and obsessive contention between the first two aspects of that process…..as most intellectual debate, especially in economics has fallen into.

Wisdomics-Gracenomics is based on….the integrative ethic that is the very process of wisdom itself and on every aspect of its pinnacle philosophical concept grace. It’s not the least bit about religion, but rather the natural de-mystified thoughtfulness, ethical temporal universe applications and fully conscious personal experiences thereof.

Only an idiot culture of Science Only could devolve to the point we now stand, and only economists caught too much up in such culture could not see that obsessive contention between an unworkable economics obsessively based on profit or the equally unworkable and obsessive RE-distribution of same…was not the answer….when a thorough integration of the truths, workabilities, applicabilities and highest ethical considerations of the two, i.e. wisdom would result in a graceful/gracious free flowing thirdness greater oneness that was no longer either of them.

Heterodox economists can’t even see that grace is the philosophical concept behind the solutions they cautiously already advocate.

MMT and Keynesians of every stripe want fiscal grace as in monetary abundance instead of austerity.

UBI is all the rage and what is that but grace as in gifting (unless you’re a little too orthodox Marxist and have to make it theft instead, even though there’s a more freeing and resolving means of effecting economic democracy than either re-distributive taxation or trickle down economics).

Everyone who isn’t wet behind the ears knows that Finance is the problematically parasitical and key structural issue that must be de-throned, de-monopolized and re-integrated with the rest of the economy, but they apparently do not see that grace as in monetary gifting and grace as in integrity/re-integration is the precise concept upon which a new paradigm and its logically aligned policies could do exactly that.

Oh, and globalization? No, grace as in economic integrity and subsidiarity….because the only thing that can be conscious is the individual, and trying to solve things by becoming big without considering the individual first, last and always is a perfect example of “looking  through the wrong end of the telescope.”

And the libertarians, min-archists etc.? They unconsciously rub shoulders with the truth of the concept of grace when they rail and arrogantly declare their irrational generalizations about government ALWAYS being tyrannical when a governmental policy of individual monetary freedom as in free gifting could not be so. A = A ….they need to “Check their premises” as Ayn Rand used to say. And when they also declare that “There ain’t no free lunch!” it simply points to the fact that if you mentally reside too much and too long within the current paradigm and a new paradigm is the conceptual opposition/inversion of the old then you’d be smart to stop standing on your head and therefore mistaking the problem for the solution and to also stop defending an economics that unethically makes man serve the system instead of the system serving man.

Carry on….and think about it once in a while.

Grace, and any of the other words used to describe the state, is experienced naturally by focusing without thought on the present moment which contains many forces of nature that cannot be entirely seen by our limited range of visual capabilities, but can be nascently sensed by vision and our other senses and so gives us a deeper, more vibrant and new experience of space, time, objects, whatever else is in the environment and our own self awareness that has always been described as extraordinary by sages of the past and the wisdom traditions that resulted from their teachings.

The world’s wisdom traditions and their techniques for evoking this experience are of inestimable value as the experience of grace and its continuation is a pinnacly  integrative one within which all of the rest of one’s life experiences can be made whole, positive and completed.

KZ:  Craig no argument from me. One note, however. The current situation is just a hop, skip, and jump from the globalization ruled over by the UK from 1600 to 1900. Even some of the same methods. Particularly the use of debt. In both physical and monetary form.

Me:  Precisely. Why do you think I keep emphasizing the urgency of perceiving and implementing the new paradigm and its two basic policies that will break up the monopolistic paradigm of Debt Only, resolve modern economy’s two deepest and most chronic problems and transform balkiness and scarcity into abundance and free flowingness?

Natural grace, not your worst sunday school nightmare, just the philosophical concept and experience behind its dogmas, is the answer monetarily, economically, socially, psychologically and yes cosmologically because it finally integrates, inverts and transforms the paradigm of Empiricism Only into one that is more inclusive, integrative and whole, that is grace, which is the pinnacle concept of Wisdom.