And in the present economic case that would be two primary inversions:

The inversion of the primacy of Debt/Loan for Gifting, and

The inversion of the primacy of consideration paid to corporate and financial entities for the individual.

Just because most economists haven’t discovered/re-discovered a dynamic factor in the micro-economy that explains our economic and financial instability…doesn’t mean it doesn’t exist. Macro-economists indeed would be smart to embrace complexity and also general disequilibrium and the only thing that has historically provided the insights and solutions to such, i.e. the integrative mental process of combining opposing truths, workabilities, applicabilities and their highest ethical considerations AKA Wisdom. Integrate/Combine Wisdom and science and you’ll get a Wisdomics which is precisely what economic theory needs.

Wisdomics/Gracenomics is the new integrative theory that commits monetary and financial paradigm change and out of which a new ethic and greater ecological rationality can emerge.

wisdomicsblog.com

You’re absolutely right that an unregulated currency is inevitably inflationary, but unfortunately Gold is not the answer to such regulation. Why? Because the deeper insight into the economic system is that it now inherently creates a higher rate of flow of total costs than it does a rate of flow of individual incomes with which to liquidate such costs….and so leaving the economy entirely alone as libertarians and Austrians would like to do…will merely inflict more and more pain and still inevitably result in economic collapse…exactly like all forms of Keynesianism etc. liberal economic theories will result in because they don’t actually see or deal with the real problem either which is the ratio above. Throw in the fact that AI is a (just beginning) disruptively diminishing force on aggregate individual incomes and the only actual and sane solution is a new monetary and financial paradigm of Gifting intelligently and rationally integrated into profit making systems.

You’re a very astute observer of trends and a knowledgeable theorist Mish. But I think you’re smart enough to even perceive a new paradigm. You’re recognition of the trends in auto ownership and its economic effects tells me this. Paradigm changes are hard to perceive because the nature of an old paradigm is that it is always habitual and hence goes almost entirely unexamined. Hence any new paradigm is always “absurd” and laughed off….right up to the time that it becomes the new absolute truth. Just consult history for confirmation of that.

You would think that both the Republican and Democratic parties would prefer just such a process considering that the entire budget and taxation process is dominated and manipulated by large entrenched commercial and financial interests. In other words the nation is no longer a republic, but rather an oligarchy, and certainly neither a democracy in process or spirit. This can only be because of conscious and/or unconscious resistance by both parties and begs for an integrative non-partisan effort to constitutionally provide just such an effort.

And of course eliminating the monopolistic paradigms of Debt and Loan ONLY of private finance with a new monetary paradigm of Gifting would be the perfect way to begin rectifying almost entirely corrupted present process.

…the way to finally get the terminally orthodox capitalists and socialists to sit down, shut up and start listening to….the ways to actually start accomplishing the best aspects of both of their agendas.

All of the usual things elaborated here before plus for enterprise a better, freer and more profitable alternative to merely pissing and moaning at liberals to stop burdening them with re-distributive taxation. And for students and individuals in general a better, freer and more prosperous alternative to merely pissing and moaning at conservatives about wage slavery, austerity, neglect to the point of negation by economic theorists and the prospect of even more of the same as innovation and AI increasingly eliminates the rational need for human input into the economy.

So why not band together to enact the policies of Wisdomics-Gracenomics which integratively addresses and resolves both of your seemingly opposite agendas and creates a unitary, more humane and more prosperous economy that penetrates to the real core problem, that changes the basic ideas of that problem and aligns policies with that new idea?

This is my hope for both of you, all of you….that you will open yourself up to the wisdom of integration of truths, workabilities, applicabilities and to the higher ethical considerations and effects that an actual integration, that actual Wisdom always results in. When in doubt integrate….and keep on integrating! That is the signature of real progress, real change, real improvement for the individual and for enterprise. Please join me in this fight for the Wisdom of integration, for conscious progress and a more free and prosperous future for all.

…you’ll be able to cut through all of the complexity and confusions in economic theories and resolve the deepest and most primary problem of modern economies. Furthermore, many of the other problems related to it will disappear or dissipate and be rather easily regulated and handled. Then, virtually all of the other parts of the economy not related directly with the primary problem will all fall back into their proper place and tend to adapt to the new paradigm/reality that is the heart of Wisdomics-Gracenomics.

Examples of investment climate, profits, employment, debt levels, macro-economic stability.

Economically and intellectually I owe a lot to a handful of Social Credit advocates and to the founder of Social Credit C. H. Douglas. Their steadfastness and knowledge enabled me to realize that the concept behind Social Credit was indeed the same one behind and pointed at by each and all of the world’s various Wisdom traditions which were my adult study. After contemplating them it became clear to me that several extraordinary experiences I had had in my life were actually the exact experiences of many of the aspects of that underlying Wisdom concept known as Grace. Recognizing that the aspects of the concept of Grace and the classical and correct goals of economics are synonymous, i.e. balance, equilibrium and flow the theory of Wisdomics/Gracenomics was born.

Now modern economies are not in, and do not tend toward equilibrium. So how is equilibrium then accomplished, and is it actually what we should be aiming for as policy? Wisdom has always been deciphering the truths in complexity and seeming opposites, and paradigm changes down through history have actually always been inversions of the current paradigms and/or primary problematic conditions that exist before the paradigm change occurs. Hence the Social Credit insight that the primary problematic condition of modern economies, the monetary scarcity ratio of a greater rate of flow of total costs/prices to the rate of flow of total individual incomes simultaneously created…. became my insight of a necessary complete inversion, not just a statistical equilibrium, but “the higher disequilibrium” of a higher rate of flow of individual incomes in ratio to costs/prices via an abundant universal dividend and its dual policy of an abundant/high percentage rate discount of every business model’s retail product (not just at retail sale itself which was the official Social Credit policy) that is rebated back to them,  and thus having the policy effects of encompassing and saturating the entire economic process with the new paradigm of Monetary Gifting, stabilizing the macro-economy and terminally ending the dominating monetary paradigms of private or public Finance of Debt, Loan and For Production Only….all in one fell swoop.

Wisdom perceives/discerns truth, realities, workabilities and their best ethical applications in complexity and even seeming opposites. It is attentive looking and seeing both inwardly and outwardly. It cuts to the core of a problem and resolves it in an integrative and optimal fashion.  It was the recognition that retail sale was the terminal stopping point of the economy which I learned from Social Credit theory combined with the wisdom insight that all things existing within the temporal universe must follow the inexorable process of Start, Change and Stop and the closer look indicative of Wisdom that lead to my idea of the discount not just to retail prices, but to the retail product/service of every business model. Also from Start, Change and Stop I recognized that the concept of trinity itself was a Wisdom insight and that trinity-unity-oneness was the pinnacle Wisdom insight of one of the world’s wisdom traditions and that the idea of Grace was also the pinnacle goal and concept of same. Then I recognized that in fact the natural experience of Grace was a trinity-unity-oneness experience of

[ (Space x Time)  <–>  Self Awareness ] …and The Cosmic Code was born.

Self awareness being consciousness itself it became apparent that reflectively full consciousness/the philosophical concept and natural experience of Grace was the missing and largely unconscious concept and goal/solution of economics, Wisdom traditions themselves and the basis for all human psycho-therapeutic disciplines. It became clear to me that the Cosmic Code was applicable to all of these and as one took the closer look, its formula itself and stated reality of: “an integrated duality within an integrative trinity-unity-oneness-wholeness-consciousness-process” was replete in nature (the symmetry of opposing sides of a leaf and the stem from which they arose and many other examples), reflected in logic (the Hegelian dialectic), the nature of a human problem and its resolution [ (Postulate x Counter Postulate <–>  Resolution ], mathematics (as in the Fibonacci sequence, Einstein’s [e = (mc squared) ] etc. etc.), the very process of Wisdom itself [(Truth x Opposing Truth) <–> Third more unitary and whole truth], and again, its pinnacle concept Grace

[ (Space x Time) <–> Self Awareness ].