I begin to think that the present paradigm for legitimate inquiry, namely Science Only, is almost as antiquated and in need of change as the present monetary and financial paradigm of Debt Only. If it weren’t a fact that the monetary and financial paradigm has been unchanged for virtually the entire history of human civilization and the present paradigm of inquiry has only been dominant for the last four centuries that would be true.
Monetary Gifting and Wisdom. The next two mega paradigm changes.
“Monetary” inflation is actually a misnomer. The causes of inflation are:
- An actual and chronic systemic scarcity of distributed individual income/business revenue which tempts commercial agents to committ the vice of price inflation when they perceive additional money coming into the system
- Mis-identifying the system as normally being in general equilibrium and seeing markets as “free” when the system is alternately in a state of sloppy monetary and financial proflicacy or sloppily smothered austerity and yet always paradigmatically dominated financial chaos, and
- Not identifying a policy means of rectifying and inverting realities #’s 1 and 2.
The universal dividend combined with the 50% discount/rebate policy at retail sale (whose actions actually define and express the new monetary, financial and economic paradigm) and the rest of the aligned regulations of Wisdomics-Gracenomics…resolve and invert realities #1 and #2, and are the accomplishment of #3, i.e the new monetary, financial and economic paradigm of Abundantly Direct and Reciprocal Monetary Gifting.
It’s a waste of time to either accuse someone of believing in the debt virus or to be a crank and believe in it. Mathematically, it’s correct that the system can pay for interest. However, in the real world….economies have never been stable. That’s never as in not a single time throughout the entire span of human civilization, and the reason is that the paradigm of Debt ONLY has never been challenged as the actual problem and the new paradigm concept has never specifically been recognized and implemented in a paradigmatic fashion, that is, in a way that temporally inverts the realities of the old/present paradigm.
Public Banking is a great reform and Social Credit is a superior theory, but they are both palliatives. The ancients had routine debt jubilees, but the debt still kept piling up. Douglas brilliantly suggested both a universal dividend and crafted a reciprocal price and monetary policy at retail sale, but he still was influenced by the classical macro concept of equilibrium and neither the concept of a paradigm existed before he died nor was there a study of the signatures of accomplished historical paradigms to light the way forward to new paradigm perception.
We have to be smarter than the ancients and step entirely outside of the paradigm of Debt Only. In fact we need to recognize the reality of a mega paradigm change of which there have only been two in human history, namely achieving self awareness and the mega paradigm change from nomadic hunting and gathering to agriculture, homesteading and urbanization. Abundantly Direct and Reciprocal Monetary Gifting will be the third.
Self actualization of the experience of Grace saves the individual from her/himself, and policies aligned with grace will save the economy from its own idiocies and the money system from its monopolistic lack of ethics.
Too simple for the erudite, too basic and generally beneficial to be long denied.
Steve Hummel 05/17/2020
RL: My professor told me once, that I had read enough, I needed to think more about what I had read and experienced.
MC: Words of wisdom there Robert.
Me: Indeed. Contemplation is the route toward self actualization, and integration is the route to truth. Present time is where one best experiences and meets oneself.
The point of retail sale is self awareness’s equivalent in economics, where the system’s most present moment, most basic purposes of production and consumption meet and are integrated, and where rational and ethical policy is most powerfully accomplished.
Conspiracy theorists are generally hasty third rate intellects. People who swallow whole either right wing or left wing propaganda are second rate intellects. The objective and serious intellect seeks the particles of truth in opposing perspectives and carefully tries to integrate those truths in a rational and more wholistic fashion. So far as conspiracies are concerned, especially broad, global conspiracies, this process almost always ends showing that such “conspiracies” are actually better explained as anger and fear generated by frustrations with the mostly unconscious mentally entrapping effects of the present paradigm that has gone on too long without resolving the problems that have built up around it.
The point is the best thing to do is to develope a truth integrative mindset. As a new paradigm itself is a phenomenon that integrates the truths in apparently opposing perspectives, that is, it is a (singular) concept that mentally expresses and temporally transforms an entirely new (pluralistic) pattern, we could call it developing paradigm perception.
The ancients had debt jubilees, but the problem of debt build up always came back. We need to be smarter than the ancients and finally drive a stake through the 5000 year old rule of the paradigm of Debt Only over our lives. That solution is the twin policies of a 50% discount/rebate price and monetary policy at the point of retail sale and a second 50% discount/debt jubilee policy at the point of note signing for big ticket items and green consumer products. These policies and regulations to deter anti-social gaming of the new paradigm will reverse the build up of debt and make it wither away so that monetary abundance for all economic agents becomes the new norm.
EB: Yes 97% of the currency is already digital. They can freeze your bank account whenever they want. The danger isn’t going digital; it’s banning cash. Like it or not, we’re in a digital age. What we need is a Bill of Rights that is actually enforceable.
Me: Yes, that’s a good non-reactionary, non-hysterical, non-conspiratorial analysis, and the way to make sure the money system is not morphed into some diabolical or even just biased instrument for social and economic control is to make damned good and sure that its purposes and policies are logically aligned with the highest of possible ethics, namely love in action/systemic policy, in other words grace…and any attempt to water down or game such policies is met with no uncertain punishment to individuals or commercial entities via taxation and threat of loss of benefits that those policies obviously bring to BOTH individuals and commercial agents.
Every leading reform and economic theory tries to balance the obvious need for more money getting to both more individuals and then to enterprise without causing/encouraging inflation. The 50% discount/rebate policy at retail sale and a second such policy at loan signing would double (or for big ticket and green consumer items quadruple) everyone’s purchasing power, make sure everyone got paid their best competitive price and would absolutely end “monetary” or cost inflation inflation….and the concept behind those policies is none other than grace as in loving monetary gifting.
Ellen, when are you going to start writing about the problem resolving efficacy of these two policies?
Steve Keen is inching slowly toward realizing that double entry bookkeeping/Accounting is the infrastructure that the entirety of the economy is embedded in and that hence a strategically implemented accounting operation at a paradigmatically powerful point in the economic/productive process could solve our economic, monetary and ecological problems.
That operation is a 50% discount-credit/rebate-debit price and monetary policy at the point of retail sale (and an additional 50% discount/debt jubilee at the point of loan creation for big ticket and green consumer items as well)…and I have been advocating it for over 4 years.
Copernicus was made whole by Kepler and Galileo provided the temporal universe observations and empirical evidence to confirm the new paradigm. It’s the normal process of historical paradigm changes.
The current paradigm for inquiry is Science Only. The new paradigm is Wisdom which of course includes but also completes science.
The current zeitgeist is Power-Knowledge as in Data. The new zeitgeist is Grace as in Love In Action/Systemic Policy-Knowingness as in self actualization.