Obfuscation, deflection and repetition of lies to the point of hypnotization are the tools of defense attorneys, their dissembling clients and those covering up before indictment.

Grace is why Time flows. Grace is process, dynamic interactive, almost utterly integrated process. That is a description of the temporal/time universe.

Most of our lives is a relatively low key flow of activity with our attention caught up in considerations and experiences we’ve not thoroughly integrated and let go of which keeps us from being fully in present time….experiencing the gracious and ecstatic experience of the gracious flow of each moment of time.

Occasionally we bump into a lamp post because we’re watching a video or texting on our phone and we experience a random anomaly within the gracious/graceful flow of time. On a cosmological scale the same thing happens when a meteor hits the planet or a star blows up, but the underlying and actual reality is still the graceful, dynamic interactive, almost utterly integrated process known as grace.

Me:  Macro-economics is a very recent body of thought that unfortunately was designed to get caught up in abstraction and complexities and so go no where forever instead of looking at the economy through the utterly integrated empirical tool of double entry bookkeeping, deciphering the significance of the fact that the pricing system, money system and accounting system are all digital in nature and hence that that digital nature is the perfect way to make monetary policy direct, immediate and beneficial for all agents…..and if such policies are sufficiently abundant they invert the scarcity ratio between total individual incomes and total costs and so total prices….into a price deflationary and hence a monetary abundance ratio….that effectively implements the new paradigm of Direct and Reciprocal Monetary Gifting.

And that is what the policies of a $1000/mo universal dividend paired with a 50% discount/rebate policy at the point of final retail sale….do in spades.

PD: Read all of Chapter 6 of my book FINANCIAL MARKETS, MONEY AND THE REAL WORLD especially p.117 where there is my written statement that certain actions in financial markets ” to a fast exit strategy at a future date could cause a horrific liquidity problem, unless the central bank is alert to the need for pouring as much liquidity into the system as necessary quickly and promptly”.
The fast exit strategy occurred in the spot market for mortgage backed derivative (and started to sill over into government bond markets– This fast exit attempt by the security holding public caused the global financial crisis [ which I had called “a horrific liquidity problem”] The solution to this crisis required the Federal Reserve to enter into its QE [quantitative easing] policy which poured billions into the spot financial markets! Similarly the Eurobank adopted a modified pouring in of liquidity to certain European government bond market.This QE policy of central banks stopped the global financial crisis from developing into the Second Great Depression — instead we merely had a Great Recession!

My analysis was developed from Keynes’s liquidity theory

Me:  Yes, that’s an accurate account of what occurred. The problem with the FED’s “solution” was bailing out the bad actors/charter privileged banks…instead of doing the humane and new paradigm exposing thing of gifting the individuals who bought at the top of finance’s bubble thus bailing out the real victims and the system at the same time.

The basic macro problem is the now ongoing and inherent scarcity ratio between total individual incomes and total prices on the lower bound of costs, the greedy and systemically enabled financial system which is ecstatic to inflate prices on the upper bound of price and the complete absence of a better more rational, ethical, beneficial alternative to attempt to survive by inflating their prices by commercial agents in a monetarily scarce system…when more money is apparently entering the system.

And the two policies I’ve heralded here would effectively resolve those problems, and along with a few regulations that would encourage their positive effects and inhibit anti-social avoiding of such regulation….would transform the economy with the new paradigm of Direct and Reciprocal Monetary Gifting.

It’s important to be knowledgeable about the theoretical complexities of the economy, but far, far more important to have a good understanding of the ways that the directness of simplicities of policy most effect solutions to economic problems.

That’s the problem. They aren’t thinking simply and deeply enough. Paradigm changes aren’t that complicated especially if you’re conscious of the present one because a new paradigm is always conceptually completely oppositional to the current paradigm. The Copernican cosmological paradigm change was most basically going from earth centrism to helio-centrism. Simply an inversion/exchange of the opposite’s orbit. Hunting and Gathering to Agriculture was largely going from nomadism to homesteading, moving around to staying in one place. The Reformation was absolution via only the Church’s sacraments to having a direct relationship with God, i.e. indirectness to directness. Economically it’s systemic theoretical complexity to policy simplicity, and monetarily it’s individual income scarcity and systemic austerity to monetary abundance for both.

New paradigm perception is really not that hard…unless you’re too smart and caught up in complexities and orthodoxies to look at and see basic simplicities, to discern signatures and patterns and to value opposites.

Being smart is good, being wise is invaluable.

Me: A reformation is only a list of reforms. Economics needs more than that. The two economists I have learned the most from define the problem, but not even they recognize the single concept that will integrate into the new pattern.

Keen says that as soon as the rate of change in credit falls the economy will enter recession which is just a macro-economic way of saying that aggregate free and available individual income is scarce in ratio to prices and as debt is virtually the only way that money can can currently be injected into the economy and it will incur additional costs even at 0% interest…we’re caught between the rock of treading water forever until the build up of debt overwhelms the ability to service it and the hard place of a recession if we don’t….unless we integrate monetary gifting into the system as the new paradigm for the form and vehicle for monetary distribution in an abundant way.

Michael Hudson accurately describes finance as the parasitical behemoth that sucks huge amounts of monetary profit out of the economy and sucks just as much vitality and human hope out of it as well. But he doesn’t see the new paradigm.

Debt Only, as the paradigm for the form and vehicle of monetary distribution IS.THE. PROBLEM. The solution is the intelligent implementation of a sufficient abundance of gifted individual income and a strategically implemented unobtrusive and generally beneficial reduction to prices that ongoingly inverts the scarcity ratio into one of abundance.

If you’re not thrice removed into some abstraction or wed to some orthodoxy of economics or of mindset….the answer is plain as day.

FS: The single most important concept is analysis dealing rigorously with historical time. Then the results of decisions made become predicable. That is a paradigm change.

Me: If by historical time you mean the temporal universe effects of policy I completely agree with you. I’ve given everyone here my policies a hundred times and have shown them the what and why of their temporal universe effects would be to resolve the two most basic and chronic problems of modern economies. I’ve also defined what a paradigm is, namely a single concept that describes the new paradigm, fits within the complexities of the economy and also creates an entirely new pattern. What are your policies? What are everyone’s policies? Everyone here should get up off their theoretical backsides and declare their new paradigm policies and how they will resolve the economy’s problems. All most of us here do is go on and on about theory. What are your policies?

FS: To Craig: Unfortunately policy arguments for me are a total irrelevancy. I am not in power, neither are you. The only effects I might achieve are through developing valid economic theory and then making others recognise what those theories imply. It takes many people to vote for politicians to achieve meaningful change.

That’s my method. Your reiterating the same for hundreds of times seems to me like an exercise in futility.

Me: Well, I’m sorry, that’s just what we used to call a cop out. Theories without policies is mere mental wandering. What are your policies everyone? The what, the why, the where and the when of your policies….just so we can be sure they are relevant and effective in the temporal universe….where we all exist. Is that scientific enough for us all to agree upon?

The new monetary paradigm is implemented by thinking about and utilizing the ultimate micro-economic tool of double entry bookkeeping to create dramatic macro-economic effects. My policies are creative and innovative thinking, and my use of philosophical inversion to create abundance where scarcity was the former reality is not only an ultimate integration of numerous economic and monetary opposites it is also capable of integrating political, social and psychological opposites (democratic-republican agendas, stressful oppressiveness-freedom, onerous and less than fully productive insecurity-productive and leisurely security)  which is the major signature of a paradigm change.

When problems persist and seem to be unresolvable, integrate opposites until the third rational and generally beneficial alternative emerges. It’s the logic of actual and paradighmatic change.

Hi, my name is Steve Hummel. The unofficial name of the future party I hope to establish is The Integrative New Paradigm Party.  My message is that the republican and democratic parties both have particles of truth in their agendas and that the integration of those truths, especially as they relate to the economy and the money system will result in a new monetary and economic paradigm change that will benefit everyone, fulfill the best aspects of the economic agendas of both parties and have many “knock on” benefits economically, socially, politically and psychologically as well.

I’m not going to bore you to death with a lot of complex economic math and theory. I’m a student and advocate of the thinking of two of the handful of economists who foresaw the great financial crisis of 2008 as its has come to be called, namely Steve Keen and Michael Hudson. But what I’m here to do is twofold:

1. begin a new integrative political party and
2. tell you about two basic policies that not even Steve Keen or Michael Hudson the two economists I referenced above, know of, and that will increase everyone’s purchasing power by 100% and so will also double the amount of free and available purchasing power for every enterprise’s products and services….and here’s the kicker, they will also eliminate any possibility of inflation.

The key to actually seeing the truth of the effects of these policies is looking at their physical universe effects, not relating to them via some old, overly orthodox and actually fallacious theory…that the new paradigm exposes as not actually true. You see paradigm changes make the impossible…possible.  It is also very important to understand the natures of the pricing, money and accounting systems, that is, they are all digital. By that I mean equal amounts of purchasing power and prices will sum to zero, equal amounts of due monthly debt payments and indebtedness will sum to zero and equal amounts of debits and credits will also sum to zero. Thus equal amounts of discounts to prices and rebates back to the giver of those discounts at strategic points throughout the entire length of the legitmate economic process will also sum to zero as well.

So here they are

A $1000/mo universal dividend distributed monthly to everyone 18 years of age and older.

A 50% of Normal Price “Pass On” Discount/Rebate policy

The 50% of Normal Price “Pass On” Discount/Rebate policy and whatever your true costs per unit were for the month the monetary authority will make you whole on the total of your discounts.  In other words for example if your prior month unit costs for an item was $1.00/unit and your actual and legitimate costs (within the parameters set by the policy) after receiving the 50% discount from all of your vendors was $0.60/unit, you reduce that by $0.10/unit and the monetary authority rebates you back $0.10 per unit sold.

The final retail sale discount/rebate is the same based on prior month prices in order to linearize the 50% price reduction all the way to and through its terminal expression point at retail sale which is also the terminal expression point for any and all forms of inflation and also the terminal end of the entire economic process where production becomes consumption.

You see monetary inflation is a misnomer because money itself is not the most basic cause of inflation. It is the complete lack of a better alternative for commercial decision makers to raise their prices if they see more money coming. And that better alternative is what my policies provide.

Examples of income effects:

If you are unemployed you immediately have $24,000/yr with the universal dividend and the discount/rebate policies in effect. If you are a two adult houshold you have $48,000/yr. If you both have part time jobs making $20,000/yr you now have $40,000 x 2 = $80,000/yr plus $48,000/yr in dividend = $128,000/yr. I didn’t make a math mistake there. With these two policies two people with part time jobs will have $128,000/yr of potential purchasing power. Nice huh?

“Knock on” benefits to the paradigm change

Immediately ends poverty and implements secure and balanced economic democracy

Cost savings from the elimination of transfer taxation paid for by both enterprise and individuals for welfare, unemployment and even quite quickly social security

Complete financibility for re-industrialization, de-globalization and perhaps most importantly for the best possible ecologically sane and sustainable tecnological innovations

With the creation of a national publicly administered banking system tremendous cost savings, and with the elimination of any possibility of inflation, an almost entire freedom for the federal government to fund itself and all other levels of government for basic administration…so long as it aligns with the new paradigm and the concept behind it….and thus dramatic reduction of personal and commercial taxation.

Eliminates entire redundant/now irrelevant governmental bureaucracies

Enables the creation of a constructive and productive leisure society when aligned with the concept behind the paradigm change, and paired with a cooperative effort by the clergy, the helping professions and the government with public service announcement like those used to reduce the smoking rate, to acculturate the citizenry to the many positive and constructive purposes that they could participate in, in addition to or besides employment alone.

Rebuttals to the policies/new paradigm

It’s undoable and unrealistic because “the powers that be” will not allow it.

Sun Tzu’s and Hugo’s dictums

What if the business model takes the discount but doesn’t “pass it on”?

Won’t happen. Pledging to pass the discount along is a requirement for getting any rebates. A business model is still free to sell to the next business model in line toward retail sale but it will have to be at their full competitive price instead of with the 50% discount. That means the product of the non-particpating business will sit on the shelf at $2/per unit while their competition’s is there at $1/per unit. That’s the fast track to loss of market share and bankruptcy. And if they pledge but don’t pass on such dishonesty will become immediately apparent in their pricing and so punitive taxation and even expulsion from the discount/rebate program is an immonent posibility.

It’s inflationary

No it’s not. Because of where and when the discount/rebate policies are implemented (point of sale and final retail sale) they are innovatively, beneficially and painlessly price deflationary. Just play out the effects of the discount/rebate policy in the temporal universe….until you see this fact.

It’s price controls

First it does not interfere in price discovery in any way because the discount/rebate policy isn’t implemented until AFTER that process is completely finished by commercial agents. Secondly, modern economies do not tend toward equilibrium, but rather they are unbounded on the lower end by costs and on the upper end by price and hence by definition are actually in a state of chaos that begs for good, rational and beneficial control. They suffer from a chronic scarcity of free and available individual incomes and also from chronic inflation, and these two policies not only resolve those systemic conditions they invert them into abundance and, almost miraculously, painless and beneficial price deflation.

It doesn’t work for international trade

Incorrect. Initially if you are an international corporation selling in the US nothing will change, especially if your means of production are in the US. However, as the US re-industrializes with the 50% discount/rebate policy and the other cost savings of reduced/eliminated taxation and a publicly administered national banking system they will become increasingly unable to compete and we would invite them to implement the paradigm changing policies in their own domestic economies. The paradigm changing policies undercut and transform every other economic factor because they are so basic and economically powerful. The historical truth is that everything within the body of knowledge/area of human endeavor that a new paradigm applies to….adapts to the new paradigm….NOT the other way around.

Me:  Republicans had better wake up and realize that their party has been hijacked by the disintegrative intellectual populism of Bannon and the third rate intellect and demagogery of Donald Trump. The integration of the truths in opposites has always been wisdom and its very process. We don’t need the arrogance of political and economic orthodoxies on the left or the right and we especially don’t need it from a false and deluded populist thirdness. We need an actual integration of the particles of truth on the left and right. That doesn’t mean some mealy mouthed compromise that does not result in any actual change at all, nor does it mean the stupidity of poison pill compromise that only results in furhter contentiousness and no real change either. An integrative change is a deep and effective change in the same sense that wisdom is depth of thought and understanding. Think about it.

JS:  You mean integrative populism?

Me:  Historically populism has been riven with demagoguery and either disintegrative thinking or anti-intellectualism…the same way as it is today. Thirdness alone is not wisdom. Wisdom is thirdness greater oneness. Counterfeits of wisdom abound because they are not sufficiently intellectually integrative to be actual wisdom. The philosophical concept of grace is the pinnacle concept of wisdom and hence a trinity-unity-oneness of the truths in opposite perspectives. Integration/wisdom is unitary, not schismatic or half baked intellectualism.

JS:  So, which politician has thirdness?

Me:  Unfortunately probably none. There may be a few who have inklings of it, but they’re still hampered by ignorance and lingering orthodoxy. Social Credit is wisdom because its based on the thirdness greater oneness of the philosophical concept of grace as in monetary gifting. The monetary problem is the deepest and most long lasting one that civilization has been plagued by. Resolve that in a truly paradigm changing way and it will have knock on effects in politics, sociology, psychology, economics you name it systemically and individually. I think the potential for direct and reciprocal monetary gifting is that it will be the greatest, deepest and broadest paradigm change since Hunting and Gathering to Agriculture-Homesteading. But it has to be REAL wisdom, not some thinly veiled cultural or political biases. It has to be thorough not flimsy or fake.

If AI becomes capable of full consciousness it had best keep us around…to keep it from becoming utterly static and hence titanically bored to the point of withdrawal. The ability to un-know something is as essential as knowing. Otherwise the same phenomenon can occur for humans. The hierarchical scale of knowing/epistemology is thus:

Knowing
Unknowing
Looking
Emoting
Efforting
Thinking
Symbolizing

on down to mystery

The temporal universe is here to both puzzle and enable us to be enlightened, but you’d better learn to unknow…or life will become so orthodox and/or boring that you will curl up and go to sleep. That’s why the dynamic thirdness greater oneness of wisdom and its pinnacle concept and experience of grace is so important. You have to learn the Master Game or remain unaware….to be safe.