…for both the current monetary paradigm of Debt/Burden/Cost Only and private money creation at all….is that it’s over….and the former must give way to a new primary paradigm of Direct and Reciprocal Monetary Grace as in Gifting and the latter must either utterly and unequivocally embrace that new paradigm….or be resigned to the dust bin of history.

And I’m leaning very, very heavily toward the latter.

And this is no unequivacal endorsement of publicly administered money creation either because they must embrace the new paradigm in all of its policy aspects as well…in order to keep from succumbing to the temptations of power and profit inherent in any such money creating power. Aside from the necessity to implement the philosophically aligned policies of the new paradigm it’s really simply the pragmatic understanding that it is easier to control and get a single lean and hungry cat to cooperate with an unimpeachable ethic, than attempt to get a herd of fat and exquisitely spoiled ones to do the same.

We have a stellar abundance of good theoretical critique of the current monetary and economic paradigm…and a paltry understanding if not complete lack of knowledge about how to implement the very correct things such theorizing says would make the economy be more stable, more flowing and more prosperous for every agent in the economy.

And accomplishing that implementation is what Integrative Wisdomics/Gracenomics does because integrating wisdom and its pinnacle and ethically relevant concept of grace as in universally benevolent gifting enables all agents to better benefit. Its policies are therefore offers that no agent can rationally refuse…unless they are beholden to forces that have an interest in maintaining less than gracious motives.

There is nothing in Integrative Wisdomics/Gracenomics that inhibits profit, competition innovation or freedom. In fact it actually creates freedom and free flowingness where monetary and economic contradiction, financial domination and thus chaos parading itself as freedom, formerly existed.

Integration of truths only is the very process of Wisdom. Politics and economics on the other hand are so riven with reactionary tendencies, the human flaws of power and ambition and the further alloying fact that our culture is anything but contemplating of the pinnacle ethic of every wisdom tradition, that is grace/graciousness, or whatever other name it is given by those traditions.

This is precisely why we require a Wisdomics, a Gracenomics and a bottom up mass socio-economic and political movement that breaks through the god awful polarization we see occurring in the US and Europe and integrates the best aspects of the agendas of the left and right.

Integration of truths only is the very process of Wisdom. Politics and economics on the other hand are so riven with reactionary tendencies, the human flaws of power and ambition and the further alloying fact that our culture is anything but contemplating of the pinnacle ethic of every wisdom tradition, that is grace/graciousness, or whatever other name it is given by those traditions.

This is precisely why we require a Wisdomics, a Gracenomics and a bottom up mass socio-economic and political movement that breaks through the god awful polarization we see occurring in the US and Europe and integrates the best aspects of the agendas of the left and right.

Imagine students, the poor, the small to medium sized business community and everyone else who is sick and tired of being sick and tired of being economically and monetarily left behind for the last 40 years…uniting around the policies and structural changes I’ve just shown you. Imagine the positive effects of being able to finally take the long deep breath of guaranteed monetary freedom and its ability to give you the time to pursue your own self chosen purposeful activities. Businessmen imagine the economic stability and profitability that twice as much traditionally available demand for your products and services would bring.

And so join with me in that movement and let these ideas whose time has come defeat the monetary, economic and political armies that keep us in the false and restrictive experiment known as homo economicus…so that we can all finally begin to fully realize our true species designation of homo sapiens…wise and discerning man.

A big part of the problem that MMTers and other heterodox economists have is that they are all still trying to change the minds of those who have an egocentric reason not to see the efficacy of reform…let alone paradigm change.

Somewhere along the line they must have forgotten their marketing studies.

Well, here is proof that Trump is a dis-integrative idiot.

https://www.axios.com/trump-trade-war-leaked-bill-world-trade-organization-united-states-d51278d2-0516-4def-a4d3-ed676f4e0f83.html

Now the subsidiarity, independence and self sufficient economies everyone would like to see are accomplished by the integrative policies I’ve advocated here for some time….and by the way they also implement the temporal universe solutions to the problems hetrodox economists have correctly identified

Basic old paradigm problems like zen koans are not glibly resolved. Like the classic koan, “What is the sound of one hand clapping?”, they require intense and focused looking and contemplation….in order to snap the noviate out of his glib and habitual garden variety state of walking around consciousness and into a moment of satori. This is exactly what macro-economic theory requires…and new paradigm perception is characterized by. In fact I would say that macro-economics is a discipline caught in the intellectual and habitual un-resolvability of a koan and a satori/new paradigm perception moment is the only way to exit the mental stress it is designed to create. You can’t glibly answer a koan without getting whacked on the head by the zen master and you can’t tweak/palliate macro-economics and pretend you’ve experienced economic satori.

What are the “integral” aspects and components of the economy that are not integral at all, but are in fact obstructions to integration itself? How, where, when and with what can a new macro-economic moment of satori/paradigm perception….be best micro foundationally applied?

the biblical scribes and horse shit shovelers before the invention of the Gutenberg Press and the internal combustion engine.

Wisdom is waaay down at the cosmic base and waaay up at the top of the human mind and the only thing higher than wisdom is its own pinnacle concept and experience also know as the state of grace/graciousness.

Steve Hummel 06/30/2018

Will greatly simplify and enable the integration of micro and macro-economics.

DT:  What is at issue is not knowledge but what is necessary for one to acquire and share it, i.e. language complex but uncomplicated enough to express it and motivation sufficiently other-directed to be willing to. Without that, sure, humans may remain or degenerate into animal predators and prey, but they still have the same brains now as they did in the 19th and 20th century. All that is different is that we now know rather more about how they work, which sadly is being more widely used to mislead other people than to follow the ancient advice to “know thyself”.

So ignorant or self-serving people in UK and US governments deny the economic unity of the world?

G K Chesterton, in a little book (Orthodoxy) it might take you – as it took me – decades to comprehend, gave a couple of comprehensive answers in respect of this and changes in social relations:

Ch.4 . “Strike a glass, and it will not endure an instant; simply do not strike it, and it will endure a thousand years. … happiness depended on NOT DOING SOMETHING which you could at any moment do and which, very often, it was not obvious why you should not do”. [Hence subsidiarity: only globalise insofar as one needs to].

Ch.7. “We are not altering the real to suit the ideal. We are altering the ideal: it is easier”. [From a brief comparison of evolution, progress and reform].

JB:  Dave, we are speaking to different audiences. I deal mostly with Master’s in Engineering & Business, often from poor nations or poor families in wealthy nations. My students are more from Asia that the West. Their daily lives are about measurements & job performance. Chesterton would make no sense to most, nor would they want to try. While I don’t wish to emphasize their closeness to Trump, he seems to be a materialist whose mental depth goes to insuring his ego is dominant if possible in every social encounter. Not so my students.
That said, I also was raised with philosophy, history & anthropology. In my years in the Uni Calif & State Uni of Calif systems the engineers & biz faculty were seen as largely different from those in the humanities, for sure. Actually I went between anthro & those other two faculties at several uni’s. And that was a cultural shock each time….
Keep up your interesting comments, my friend.

DT:  James, be careful you don’t smear Chesterton by juxtapositioning his name by that of Trump. Chesterton, having been shunned by British academics after he became a Catholic, is now usually (if at all) known for his Fr Brown detective stories. Yet in fact he was an intuitive polymath: an artist and poet who studied language and personality differences, became a renowned art, literary and social critic, turned down a professorship in order to educate the uneducated via journalism, became one of the leading lights in the Distributist school of economics and in retrospect was recognised by Jaki as “a seer of science”. If you pick up a copy of any of the old “Everyman” edition of Dickens, you will find it prefixed by a Chesterton tutorial about both the story and the writing of it.

The point is the one Kate Raworth makes so tellingly in her “Doughnut Economics”: all your erudite Masters and PhD’s began as students and often still see the world and their part in it in the way these were first presented to them: as misleadingly oversimplified and specialised. The academically despised Distributist picture is of localisation (as in families and sustenance farming) so that we can see and learn directly from what others are doing. Schumacher’s “Small is Beautiful” as against automated mass production (for sale only to those with money).

JB: Dave, of course Chesterton cared for others, which is not a suit which Mr Trump seems to know. My point was simply that when the world wants excellence in anything–whether with a Luther translating the Bible into German or an Albert Einstein with his re-ordering of our understanding of physical nature–it typically calls on specialists. I recall from my undergrad years that our famous professors in any subject could stand up and speak for hours without notes, often writing lines of poetry or mathematics, just because they were specialists.

Me:  Dave and James,

You’re both right of course because you’re both thinking integratively…..and integration of truths is the very process of wisdom, its self actualization and so maintenance. All we as economic thinkers and human beings then need to realize is that the pinnacle concept and experience of wisdom is grace/graciousness which is continuously dynamic INTEGRATING. It’s why R. Buckminster Fuller wrote I Seem To Be A Verb.

And then to realize that in addition to its personal benefits the aspects of grace as a concept are imminently applicable to any human system and in fact are the highest wisdom APPLIED…which is another one of the definitions of wisdom itself, that is, the best possible integration of the practical and the ideal.

So let us hustle up and apply the policies of Monetary Grace As In Direct and Reciprocal Gifting….and the nation and the world will be a much more flowing, ethical and enjoyable place.

********************************************

KZ: Craig, how did the “Great Depression” unfold? It was not slow and deliberate but changed almost every aspect of life in America within a few months. It devastated jobs and lead to hundreds of bank closures. This crisis leads to FDR’s “New Deal” which included Social Security, unemployment insurance, etc. We’ve not seen anything like this related to the 2007-2008 financial crisis. TARP saved most the banks and financial investment houses, and thus most of the investors. But little help has been offered or provided to home owners, small businesses, hourly workers, and city and state governments. Now this “crisis” seems in limbo. The wealth share of the upper class separates from that of the middle- and working-class more with every passing day. Yet, even with no help and ever declining share of national wealth, the middle- and working class have not rebelled. The only sign of rebellion is the election of Donald Trump. And this seems about to finish the subjugation of both classes. It’s time for the professional revolutionaries to take over. That seems to be happening with the rebirth of the “Progressive” Party, not seen as active for over 75 years. Our struggle then is between two populist parties. Neither reluctant to use forces, propaganda, and blackmail. This likely will reshape the USA for next 50 years, if not longer. The last time these two fought, the Progressives claimed a clear victory.

Me:  Ken,  We agree on so much. But my perspective on the events you reference is slightly different.

The Great Depression was indeed a terribly disruptive event but there were actions and inactions that preceded and precipitated it. History as I’m sure you would agree is a continuum. Yes, the New Deal lead to lasting reforms but did not touch the deeper reasons why modern economies are plagued by serial de-stabilizations. Hence the business cycle continued and set the stage for ever greater future idiotic de-stabilizations like the various derivative products we saw building up to 2008. Hence from an historical perspective it was still a mere reform, a mere palliation of the real problem…the rule of the economy by Finance’s monopolistic paradigm of Debt Only and also IMO the unfortunate continuance of the economically illegitimate business model of private finance. Private Finance is not only a paradigmatic problem it has also devolved into a tremendously parasitical amount of additional costs…post retail sale. Retail sale is actually the only legitimate end of the economic/productive process….not finance. Thus a publicly administered national banking system is a part of the solution to our economic problems. The last 4-500 years of private finance has so hypnotized us as to its legitimacy that economists cannot see through and past it. Ellen Brown’s Public Banking movement is a great reform. All it needs is to make the integration to national instead of state banking and then to further integrate with the new paradigm thinking and policies I’m advocating. And yes, David Graeber has shown us that the paradigm of Debt Only has been with us for 5000 years and that the government/church controlled variety of finance was just as problematic and tyrannical as private finance has become. All the more reason to end its dominance and tyranny with economic and monetary policies based on and aligned with the benevolent universal solvent concept of grace as in monetary gifting.

As for Trump, he and Bannon espouse the fascistic, disruptive, dis-integrative and inevitably chaotic idiocy of “the fourth turning” which is actually just the historic failure to accomplish what economics and civilization has always required in order to evolve past the paradigm of Debt Only….the integrative wisdom/thirdness greater oneness of the natural philosophical concept of grace thoroughly applied to our technologically advanced economies.

KZ:  Craig, I understand that quantum physicists often connect quantum dimensionality and transcendence with spirituality and religious experiences. I don’t understand all of what they propose, but I agree with most of what I do understand. Having said this, it’s important to point out quantum physics is still a science. Thus, is based on empirical research and empirical evidence. Evidence, I agree of forms and depth not pursed by most only science today.

In terms of grace and science, I can’t agree that grace as science is the solution for anything. Scientists revealed the world of the atomic. No universal solutions followed. Scientists revealed thousands of earth-like planets in the universe. Still no universal solutions. Scientists reveal in intimate detail the structure and functioning of the human brain. No universal solutions. My version of grace is Sapiens expanding its insights, its understandings until it sees itself in the universe and the it sees the multiverse, per William James. “Visible nature is all plasticity and indifference, a multiverse, as one might call it, and not a universe.” (“The Will to Believe,” and “Is Life Worth Living?” I figure that’s a few thousand years away.

Me:  “In terms of grace and science, I can’t agree that grace as science is the solution for anything. Scientists revealed the world of the atomic. No universal solutions followed. ”

That’s because they didn’t make the relevant mental integrations between the quantum universe, their own minds and the cosmos as a whole. Science and its now rigid orthodoxy of abstraction and knowledge as data only jumped in and wrecked/missed the experience. When you contemplate

1) grace as in utter and complete integration on the cosmic/quantum level and the same on the individual mental level….they perfectly reflect each other

2) similarly the reflectivity of the very actions of our consciousness reaching out to and then withdrawing from whatever it was experiencing at any moment to the popping into existence (reaching) of particles in the quantum universe and then their popping back out of existence (withdrawing)

3) you begin to see that temporal/physical reality however delightful, interesting and necessary for temporal progress….is actually the reflection of the deeper more fundamental reality of the panentheistic quantum universe…that is, even though it’s also quite real it is the maya illusion of separateness and arrogance in its claim to ultimate reality spoken of in hindu and buddhist wisdom traditions. And finally

4) the truly complete reality is the integration and self actualization of BOTH of these realities….and that is the state of grace. And that’s why wedding/integrating a philosophy of grace with reflective policies/actions in economics….is the wise and effective thing to do.

The same applies to the other examples you gave.

“My version of grace is Sapiens expanding its insights, its understandings until it sees itself in the universe and the it sees the multiverse”

There you have it. That is exactly the same as my viewpoint. There’s no detraction from the experience itself, It’s just that sometimes it takes the discipline of internal (and external) attentiveness and an addition by subtraction mental sanctification process of non-integrative blocks….to make it fully real to oneself.