Wisdom Posted To Billy Mitchell’s Blog 06/12/2017

Me:  Wisdom is the discernment and integration of the truths in opposing perspectives, not the fine tuning of orthodoxy. The signature of Wisdom is a humble thirdness and more complete overall oneness not increased arrogant and obsessive contention.

MarkH:  It’s very easy to motivate people into cooperative action – convince them they are facing an overwhelming and immediate existential threat. You can do that legitimately by pointing to the real advances of a tyrannical warmonger. You can also be that tyrant and make the compulsion very tangible. All the other inconvenient things that make your citizens recognisably human will magically disappear, and you’ll have cogs in an efficient machine, ready for war or whatever peacetime folly you’ve concocted. Twentieth century history, in a nutshell.

There followed his famous list, itemising the characteristics of ‘X’:

… is a full-blown nightmare. As is “the idea that the state was like an economic engineer”. Have you ever met an engineer? I am one, and it’s very obvious to me that you don’t want specialists of any sort with political power, especially those who think that a complex system like an economy (or a person) is reducible to the sum of its parts, or even fully knowable. The “stocks and flows” terminology used in MMT economic models come from Systems Dynamics, a field which exists to study the neglected insight that complex dynamic systems cannot be fully controlled, because their behaviour is an emergent phenomenon of other interacting systems. They can only be modeled imperfectly, and perhaps managed if your modeling is good enough.

Attempting to control the uncontrollable is a dangerous folly. Suggesting it without proper reference to the Soviet and Southeast Asian economic experiments, tests which came after the shopping list detailed above, is both inconceivable and ghastly. The suggestion is nothing less than reducing people to a naive economic model, a handful of inputs and outputs in an equation, and then enforcing that reduction, either through fear of a legitimate existential threat or one invented by those in power. I despise the neoliberals, but I’ll take their brand of compulsion any day over that.

Me:  MarkH,

I agree regarding reductionism, and yes, perfection is impossible in the temporal universe, yet paradigm change (not tweaking capitalist or socialist orthodoxy) and regulation aligned with it, especially if they free both the individual and enterprise from the dominance of the old financial and monetary paradigms of Debt and Loan only and also integrate macro theory and micro-foundational policy, is a deeper and longer lived progression. 5000 years is long enough for the paradigms of Debt and Loan only.

Why Wisdomics-Gracenomics Is The Economic and Monetary Answer

Wisdom is the discernment and integration of the truths in seeming opposing perspectives/claims in order to resolve problems.

Economics, which is the cultivation of abundance by cost cutting, has failed to perceive that the systemic flow of depreciation costs (and others) enforced by the financial paradigms of Debt and Loan only as well as the monetary paradigm of indirectness, and so in turn enforces cost inflation on the economy.

Wisdomics-Gracenomics costlessly integrates the reduction of the flow of costs of Finance and the increase in individual incomes via the necessary policies of direct Gifting of credit/money to the individual (a monthly dividend) and the Gifting of price to the individual and then reciprocally monetarily back to the individual enterprise (the retail product discount).

Science, which has become a religion itself, has errantly tossed Wisdom out with pre-scientific religious dogma, despite the fact that grace-graciousness is the pinnacle concept of Wisdom, grace as in Monetary Gifting is the precise solution to our economic and financial problems and grace as in the integration of truths is the universal solvent of problems economic and otherwise.

Wisdomics-Gracenomics is Wisdom, its pinnacle philosophical concept of Grace and their application to the economy.

Structurally, Both Private and Public Finance…

share the paradigms of Debt and Loan only, and monetarily, government uses the only via enterprise paradigm instead of the paradigms of directly to the individual and reciprocally directly back to enterprise.

Thus the cost inflationary nature of the economic system remains the reality.

The Idea of Alternative Facts….

…is a complete polarization/inversion of Wisdom because Wisdom is the discernment and combining-integration of the truths in opposing perspectives NOT their mutual exclusion.

Alternative facts must be integrated NOT clung to in an arrogant and contentious fashion.

c copyright 06/12/2017

Steve Hummel