The ability to think or perceive a truly new, conceptually completely oppositional and yet thoroughly integrative thought, in other words a synthesis/trinitarian/thirdness greater oneness thought, and then discover how to best implement that idea, is the rarest of human capabilities. Its the very impulse and process of the superlative intellectual discipline known as Wisdom.

Steve Hummel July 6 2025

Regulate the bond market in ways that prevent speculative excess and always have the FED ready to buy any and all of them. Meanwhile double everyone’s purchasing power with a 52% Discount/Rebate policy at retail sale which ends inflation. Then proportionally tax every enterprise that increases their prices more than 2% at a rate of 100%. Meanwhile, on a sliding scale “tax”/withold Gifted money into 5-6% eco-energy & infrastructure treasury bonds which mitigates consumption while directing investment toward rational planetary goals.

Systems were made for Man, not Man for systems.

That way the idea of Monetary Gifting being integrated into the economy at retail sale and hence for EVERYBODY…can remain unfulfilled for ANOTHER 8000 years.

The church gets to keep 1% of the total stipend and distributes 99% to the individuals of their congregation.

This is not establishing or inhibiting a particular religion, but enabling the highest spiritual experience known to man.

Because the zeitgeist of Dominating Power and Control was continually acculturated for the entire course of human civilization…until the new zeitgeist of Redeemd/Redemptive Power and Control began with that policy.

Short answer is to find the applicable systemic aspect of grace and then craft policy that will result in personally experiencing that aspect. This is the premise and effect of my book Wisdomics-Gracenomics and its policy of a 50% Discount/Reciprocal Gift of price at retail sale. In other words you make participating in a universally required for survival activity, i.e. the economy, an opportunity to be grateful for a gift of half of the price of virtually everything, for doing so.

Beyond that we could suggest/encourage people do the basic mental things that enable and elicit the experience of grace like LOOKING at the things in the present moment like space, colors, objects and every other potential experience of each moment instead of continually THINKING/ABSTRACTING INWARDLY AWAY FROM same…and reward them for doing so. Imagine getting paid in some way for self actualizing the greatest and most beneficial experience humans can have? Establishing that feedback loop might be the greatest mega-paradigm change in the history of the species and the planet.

I like your tendency to question ideas.

The answer to your title question is…

1) because we don’t analyze on the conceptual/paradigmatic level
2) because new paradigms are permanent progressive solutions and yet in the post enchantment/Enlightenment world the paradigm for intellectual inquiry has increasingly become the monopoly concept of Science Only instead of Wisdom which is the intellectual impulse and discipline of the integratiion of opposites and so we tend to get caught up in analyzing problems instead of pursuing solutions
3) hence brilliant people like Warren Mosler and Steve Keen can correctly identify the way money is created (accounting) and yet can’t imagine applying its equal debits and credits tool most efficaciously at retail sale (because its the single universally participated in and hence macro-economic point in the entire economic process) to reduce the price at retail sale by crediting the consumer with a 50% Discount thus doubling everyone’s purchasing power and yet with the Rebate/equal debit aspect of the policy the merchant gets their full price so no moral hazard and finally
4) the monopoly paradigm CONCEPT for the creation and distribution of new money of Debt ONLY that the palace or the private banks have wielded since day one of human civilization is broken up by integrating its opposite concept (the impulse and process of Wisdom) of Monetary Gifting (aspect of the natural philosophical concept of grace) into the Debt Only system and so neo-classicalism is transformed into Wisdomics-Gracenomics.

Me to yossarian on Dave Foulkes’ substack:

yossarian, why not have the central bank pay for 50% of everything at retail sale which would include not only groceries but your car payment, mortgage payment and insurance payment? Better yet create a monetary institution paralleling the central bank that gifts that 50% of the price of everything and so benefits every economic agent commercial and individual…instead of like The FED being the hand maiden of the banks in “normal” economic times and the bail bondsman for the banks after the banks serially fuck the system over with their monopoly paradigm of Debt Only? With that set up even the banks benefit because the parallel central bank pays them half of their point of retail sale. Only thing they have to give up is their monopoly control of the monetary paradigm. Which I’m sure they’d object to, but what if you just ignored that and kept broadcasting to EVERYONE the fact that the new central bank is doubling your purchasing power by implementing beneficial price and asset deflation. Thats the start of the biggest, most consequencial and irresistible mass movement for “an idea whose time has come” since we went from nomadic hunting and gathering to homesteading, urbanization and agriculture.

All of your critiques of neo-classical economic theory are valid. Full stop. But the deepest problem with it is the entire idea that “free” market theoretics enables COMPLETE FREEDOM…which in the human universe is a dangerous delusion…because the little thing known as ethics cannot RATIONALLY be escaped. So you’re also correct that economic theory and economic actions must be rationally bounded.

“Free” market theoretics is a delusion and a misnomer for its actual reality which is alternately goosed and strangled unstable dominating monopolistic financial and monetary chaos…and the solution to that rather long adjective is to integrate the new monetary paradigm of Direct and Reciprocal Monetary Gifting into the Debt Only system with a 50% Discount/Rebate policy at retail sale instead of using the current ham handed methods utilized by neo-classically deluded central banks…and then rationally and ethically regulate the economy instead of allowing a suave or unabashed financial and economic oligarchy to dominate the general populace for another 6000 years or maybe another 50 years until climate change kills off 4-5 billion of us.

We must “go deep, go long” on APPLIED conceptual/paradigmatic analysis because anything other than an ACTUAL paradigm change gets gamed and the clock is ticking very loudly.

KM: The whole thing appears to be unravelling in a fast and chaotic fashion. I don’t think ‘we’ can do much but make plans to create something from the ashes (hopefully not nuclear ones). That’s why I’m rather focussed on the political than the economic at the moment.

Me: Political activism is probably more important than economic analysis. I can understand the cynicism and anxiety, but all the more reason to get behind a policy program that doubles everyone’s purchasing power, ends inflation by implementing beneficial price and asset deflation, ends the historical trend of private debt overwhelming domestic economies and transforms participating in the economy from frustration and anger into the greatest opportunity to self actualize gratitude for a gift of 50% of the price of everything? And then why not create a mass socio-economic and political movement to communicate and enact that program?

The keys are finding the new key/core APPLIED CONCEPT, i.e. the new paradigm, and then APPLYING/ACTING ON IT socially and politically. I’m sorry, as completely well analyzed and accurate as Steve’s critique of neo-classicalism is…it doesn’t rise to the applied conceptual/paradigmatic level.

The problem is the current MONOPOLY monetary paradigm of Debt ONLY and the multi-systemic solution is to strategically integrate the new paradigm of Direct and Reciprocal Monetary Gifting into the Debt Only system thus breaking up the monopoly character of the present paradigm and resolving the deepest problematic anomalies/realities that CONCEPT creates and enforces…in the economy and on 99% of the general populace.

What if we used the same method the banks use to create money ONLY AS DEBT, namely double entry bookkeeping/equal debits and credits that sum to zero, with a 50% Discount to the consumer/50% Rebate policy back to the merchant at retail sale? That would have the effect of enabling everyone to purchase $100 worth of groceries for $50, a $60k EV for $30k and a $500k house for $250k. In other words that single policy would implement BENEFICIAL price and asset DEFLATION by increasing the money supply which invalidates The Quantity Theory of Money (the heads of neo-classicals, Austrians and libertarians explode). Get the entire policy program of the new monetary paradigm here: https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies-ebook/dp/B0C49B9PX7/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr