Essentially reforms are all still residing within the old monetary paradigm of scarcity and Debt, and hence are shallow analysis of the problem and equally shallow  changes, while policies that effect deep, genuine and transfomational change are reflective of the new monetary paradigm of grace as in abundance and gifting.

The healthy and generally correct personal answer to complexity, ambiguity and doubt has always been an abundance of faith as in confidence, hope and love.  Likewise, our economy and monetary systems being human systems and reflectivity being an aspect of human consciousness and of the cosmos itself….systemic economic and monetary policies effecting abundance and the same emotional states would logically be called for. This is Wisdom and its application.

…that strategically and effectively encompass the economy and that also transform the monetary paradigm of scarcity into abundance,….all other markets and moving parts of the economy can and will tend to fall back into their proper place. And relatively light but definite regulation and taxation of what are obvious monetary and economic vices will become more clear, be easier to implement due to the obviousness of the transformation that such macro-policies have effected and so we’ll have much more stability, consensus/unity and profitability as well. You just have to visualize it completely and honestly. Unfortunately 99.9% of economists aren’t up to doing that.

Steve Hummel 04/06/2017

SB:  “How can you own what was there for your ancestors before you and will be there for your children after you?” was the common belief.”

Me:  Yes. And actually, in a monetary economy, everyone CAN own an abundant share of the commons and for that matter of the entire productive heritage of mankind as well which has an almost inestimable value. As I have said many times here Georgism was an insightful theory. With a directly distributive monetary paradigm this could be accomplished, and a land tax could be used for one of the proper justifications for taxation, discouragement of economic and financial vices like pooling of money and rent seeking with the proceeds going to needed infrastructure. When in doubt about policy….integrate seeming opposites.

As for the undiscovered economic (and natural) law is concerned the one that fits the bill is:

The organism/individual has the natural right to partake of the abundance of the environment and its technological derivative productiveness.

None of this is NECESSARILY in contradiction with private property or profit, and problems arising out of such are remediable by an integration of employment, direct, additional and abundant monetary distribution and enlightened taxation.

Again, when in doubt integrate!

JR:  I agree with your view on the slump-time payments for non-production, which money would better have been paid to people to get the food. However, that’s just another aspect that shows Douglas’ analysis was right, but not pertinent to this aspect.

A financial transactions tax which would catch speculation as well as production would help the last aspect, and that is part of our policy here.  It would have to be at a very low rate, 1% or lower to prevent serious cost inflation, and it would have to catch ALL speculation, including bank transfers of reserves etc.  It was first suggested by Tobin as a tax on international transactions, with the money being used to help poor nations.  Good idea too, but it should also work internally because the speculation economy is so big.

Me:  Yes, I was aware of the Tobin tax and think it would be a legitimate means and target for taxation of speculation.

Just to mention, my philosophical and policy extension of Social Credit’s dual policies (an abundant dividend creating a virtual middle class income guarantee, a high percentage [25% and up] retail discount that is also extended to the retail product of each business model) would saturate the economy with monetary Gifting proactively pushing the vector of the entire economy toward debt reduction as well as reduction of the necessity for new debt, effectively integrate price deflation harmlessly and productively into profit making systems and make all transfer taxes for both the individual and businesses (welfare, unemployment and even social security) utterly redundant thus improving both individual purchasing power for employed individuals and business profitability seeings how they now bear those burdens.

No sense at all anymore of being hypnotized and dominated by Debt when monetary Gifting is the new primary paradigm and a better solution all the way around.

The focus on employment alone as a solution to the economy’s problems is completely old paradigm. An integration of employment and monetary Gifting which is the new paradigm is necessary for anything resembling a solution. The system as it is and with employment as its only remedy is increasingly failed theory and policy.

Me: Trump has changed his mind about Bashir Al-Assad. Yeah, he used to think Assad was just the guy they modeled the cartoon character Clyde Crashcup after….and now he knows he’s a ruthless SOB

JS:  False Flag.

Me:  I’m not sure that is the case here, although given that both sides are corrupted by both power and the intention to counter the other power it could be. The point is that neither side is conscious of or inclined to consider the third alternative of a financial system that would end the necessity of conflict between empires. Any mass movement by Social Crediters and allied constituencies will have to pledge allegiance to a radical peace plank along the lines of “No war unless an invasion force of millions is about to land on one of our shorelines.” ….because in the end Finance and their conscious or unconscious minions will probably have no qualms about starting a world war in order to thwart policies that will end their monetary dominance.

The concept and experience of Grace can continually integrate everything one is experiencing, has experienced and ever will experience. It is the essence of the Cosmic Code and is personally expressed thusly:

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

(Explain formula in words in terms of consciousness, its dualistic integrative process, continual feedback mechanism, trinity-unitary-oneness-wholeness aspect, etc.)

…the natural and yet transformative nature of the concept and experience of Grace and applying it to economics, money systems, politics and science is the thing that will free the individual, rejuvenate modern technologically advanced profit making economic systems, successfully integrate all of the long standing political contention and  gridlock so that government can become a part of the solution instead of part of the problem, de-throne and de-tooth the tyrannical domination of the business model of Finance and enable it to take its still profitable but smaller and consequently ethical place alongside every other business model and finally, broaden the view of science so it can actually be good science and as history records more consciously utilize the aspects of the concept of Grace in order to advance knowledge and make scientific breakthroughs more likely.

c copyright Steve Hummel 04/03/2017

In return for the abundantly increased demand/dividend and high percentage fully rebated discount programs that will free enterprise from the burden of welfare, unemployment and eventually even social security taxes all participants in these programs will agree not to raise their prices for any other reason than actual, legitimate and rigorously justified costs. Any deceitful or ungracious transgression of this regulation despite the graciously gifted relief from modern economy’s chronic lack of demand and the ability to better profit and prosper via such tax relief will swiftly result in loss of participation in such programs and a brand of anti-social intent.

You’re right inflation is stupid and unnecessary and deflation would be good for the economy. The problem is however, that individual incomes are increasingly less in ratio to costs and so prices and so a direct means of raising individual incomes is necessary or the continual deflation you so believe in….won’t work. What every economist and pundit, including yourself, is apparently unaware of is that both the money and the pricing system are digital. Hence you can both costlessly increase individual incomes and harmlessly create price deflation by simply taking complete but appropriate control of both of their problematic levels with the new economic paradigm of Gifting. And in so doing not only resolve the deepest structural and paradigmatic economic problems….but make these systems finally serve Man instead forcing Mankind to unethically serve them.

So orthodoxy and hence blindness is the real problem on both economic ideological sides. Try thinking a new thought and actually looking at the way the system works Mish. You might be pleasantly surprised and have less egg on your face when the new paradigm is actually perceived.