An inherently cost inflationary systemic economic condition must deal with both costs and time….at the same time. As Time flows the only way that Time can be dealt with within the economy…is where the stopping points occur within and throughout the entire economic/productive process, and the point of sale is precisely that point in time because whenever a sale occurs total costs in the form of price for any item or service are terminally summed and stopped/ended….at that moment. 

This is a cost accounting view of the economy and its deepest and most thorny ongoing problem of individual monetary scarcity in ratio to costs/prices. In order to see it one has to actually look at the present time workings of commerce without becoming confused by the myriad other goings on, view what is occurring (stopping and summing points), decipher the economic significance  in terms of costs and time and then implement policies that resolve the ratio so as to create not an equilibrium, which is just another static/stopping point, but “a higher free flowing disequilibrium” that is an inversion of the problematic scarcity ratio which inversion just happens to be an historically repetitive signature of paradigm change.

As Dr. Keen himself has complained, economists can get their degrees without taking so much as a beginning course in accounting despite the fact that its subset of cost accounting enables one to see the empirical data that exposes the deepest macro-economic problem and the places and times at which it can be resolved.  Likewise, most accountants aren’t trained to think about the economic significances of the flows of data or of the stopping and summing points within those flows. Hence these insights are generally missed by both economists and accountants.

The retail product sale for any business model is the precise point to implement monetary policy and the rebating of those discounts back to the enterprise giving them is effective in eliminating the inherent/continuously cost inflationary condition of modern economies because it is the expression of the new monetary and economic paradigm of Direct/Immediate, Abundant and Reciprocal Monetary Gifting.

As the business model of Finance has a virtual monopoly on credit creation, and that their monopoly paradigms of Ongoing Debt, Loans and For Production ONLY enforce indirectness and hence Time/a lack of immediacy of policy effect on the problem one can then see that the problem can only be resolved by replacing them with the new primary paradigm of Direct/Immediate, Abundant and Reciprocal Monetary Gifting.

Finally, recognizing and fully fleshing out the philosophical concept behind the new monetary paradigm, i.e. grace as in Gifting, enables one to more effectively craft, align and implement policy in order to create a thorough integrity of thought/philosophy and action/policy in greater scientific agreement with the cyclically flowing/free flowing nature of the temporal universe.

The dividend and Discount policies are the result of a cultural heritage theory of value. In other words they are the expression of everyone’s inheritance of all of the technological progress, innovation and productive capacity developed over the nation’s history.

Inheritance has long been recognized as a valid concept both economically and legally as has the directly distributive nature by which an inheritance is delivered.

…the policies and trends of the new economic paradigm.

Mish:  Free Money Proposals Do Not Scale

Sure, one can do a trial and show that 20,000 or whatever sample size is better off.

However, any benefit to the trial participants must at the expense of a bigger deficit or higher taxes on everyone else.

Imagine giving 200 million people a guaranteed living wage. Who is going to pay for it?

Next, imagine all of Europe doing this coupled with freedom of movement.

Why stop there? Imagine the same program for the entire world? Free money for everyone!

Me:  Is this your so called response to the universal dividend policy? You’re more blinded by the paradigm of Debt ONLY than I thought to posit the old saw of “where’s the money going to come from?”

The problem is the universal basic income crowd and virtually all economists are only half conscious of the solution which is the additional income AND the retail product discount policy which intelligently and graciously integrates the wet dream of otherwise terminally painful Austrian economics into profit making systems, i.e. price deflation. The money will come out of nothing, ex nihilo, exactly like the banks dominatingly enforce their monopoly paradigms today…..except it will be monetary Gifting not Debt.

Integrate their paradigms of Debt, Loan and For Production ONLY with the new paradigm of Direct and Reciprocal Monetary Gifting and you’ll have freedom for the individual and for enterprise, and free flowingness for the system.

Break up your intellectual fallow ground and look at the these policies instead of simply regurgitating Austrian and libertarian orthodoxies. Look….and you might have “a genuine experience” of the present moment instead of being so stuck inside your mind.

Mish:  In one Canada example, taxes went up on some to pay for benefits for a few.
Give free money to everybody and tell me how it scales.

Understand the push here. Guaranteed income will never be enough because guaranteed “living” income is next.

There will never be enough money to pay for it. Moreover, due to inflation, living wages will keep rising and rising and rising.
Free “living wage” money for everyone is the path to hyperinfalation.

Me:  Orthodox duncery almost all around here. The set of possible constructive meaningful purposes is larger than the set of employment as meaning only. It won’t be a problem, especially if we grow two new neurons and have a cooperative effort on the part of the helping professions, the clergy and the government in making people more aware of these many constructive purposes. And if someone absolutely can’t find purpose without putting in his/her 40 hours of time a job guarantee can also easily be incorporated into economic policy.

Profit making economies will not survive their increasingly cost inflationary nature and the inevitable innovation/AI juggernaut unless the dual policies of a universal dividend and a rebated back discount to the retail product of every business model are implemented.

Look Mish. Innovate on a philosophical and paradigmatic level so that you stop being such an old orthodox fucking fogie.

is so beneficial and obviously freeing from long standing problems that no one can resist participating in and/or adapting to it . This is undeniably historically true.

How? By ending the tyranny of numbers and accounting, and so our economic enslavement to them. We would still account for them, rigorously in fact, but we’re freed from their apparent necessity to be balanced by getting beyond the paradigms of Debt and Loan ONLY. The wonderful invention of double entry bookkeeping is not destroyed or eliminated, but transformed from demon to mere accounting denominator. It shatters the paradox of thrift and overcomes the financial fallacy of composition, i.e. monetary gifting is good and monetary gifting throughout the entirety of the economy is good as well.

Using the abundant discount policy is a classic example of the discerning power that results from the integration of opposites which is the signature of Wisdom, and thirdness-oneness which is the signature of Wisdom’s pinnacle concept grace and its aspects of freedom, abundance, gifting, dynamic free flowingness and transcendence.

An experience is always so much more convincing and expansive than a mere belief or a method.

Steve Hummel regarding the difference between religion and spirituality, and the depth and breadth of wisdom/self actualization in comparison to the scientific method.

c copyright 09/17/2017

ultimately of self awareness/consciousness itself.

Thirdness-Oneness is the signature of consciousness.

[ (1 + 2)  <–>  3 ]

[ ( A x Z)  <–>  G/C ]

The Cosmic Code is also seen in zen koans:

[ (mentally integrating the question “What is the sound of one hand clapping?” in a non-glib way)  <–>  satori ]

All ab-reaction therapy utilizes the same mental process to de-sensitize irrational emotional and thought patterns in the attempt to find the postulate holding such patterns in effect.

The process itself is not the ultimate point, but rather the growth/increased consciousness of the thirdness-oneness.