Calibration in current economic models orthodox and heterodox require a new philosophy in order to transcend….calibration itself. It’s not that calibration is inappropriate it’s just that in order to find the holy grail of economic theory, equilibrium, one has to enable its attainment first with policies based on a philosophy that looks directly at the real problematic forces and institutions in the economy and deals with them wisely. Crunching numbers is fine. Crunching numbers without first/also considering wisdom handed down to us from millenia past applied to economic theory is an invitation to stumble around in the darkness of incremental reform, or as we have seen since Keynes, theoretical regression. Numerous economists have called for a new economic philosophy….and then went right back to crunching the numbers. If we would instead first/also contemplate wisdom and its pinnacle philosophical concept grace we’d realize that policies thoroughgoingly based on this concept…are the very remedies all of the calibrations are seeking. We’d also see that in order to have a free and free flowing economy….you’d have to enable freedom and free flowingness first. Economists are on to this as they have recently begun to consider things like “a modern debt jubilee” and “basic income guarantee” both of which are reflective of aspects of the very concept upon which Social Credit/Wisdomics-Gracenomics is based, but they require further examination and relevant application to economics, as well as an additional policy that recognizes true equilibrium in economics is a dynamic ratio, and finally the realization that the philosophical concept of trinity-unity-oneness-process applied to economic policy is the best/wisest way to keep that dynamic ratio from degenerating into an ossified orthodoxy and regressing as we’ve seen happen to economic theory since Keynes made an incremental/incomplete philosophical step in the right direction.

Find and contemplate the concept that is all about freedom and ascension both mentally and temporally, as well as individual and systemic economic abundance, balance, equilibrium, free flowingness and process (all of which are classical and relevant economic concepts) and then apply policies aligned with them…..and economically and theoretically you’ll be home.

― Benjamin Franklin

Apply Social Credit-Wisdomics’ dual abundant policies to health care. In other words give the individual policy holder say a $250/mo. stipend payable only for healthcare coverage and enlist health insurance and pharmaceutical providers in a retail discount program with a 40+% discount. You’d also undoubtedly need to intensely monitor any possible monopoly collusion between providers, encourage new start up providers and also implement government research (governed also by Social Credit-Wisdomics philosophy) into medical and pharmaceutical innovation as these are ways for these industries to inflate their prices and profits.

Health and pharmaceutical corporations would find this opportunity to sell their products and services at a 40+% discount and yet get their full best competitive price irresistible and necessary in view of competition and the encouragement of new start ups.

This would also be an excellent time to begin my concept of Operation Wisdom and Grace to the rest of the business community as it shows the way to integrate grace into the economic system for the greater benefit of the individual, the greater profit of enterprise and the de-throning and ethical re-integration of the business model of finance…..all in one fell swoop.

Start, Change and Stop

Birth, Life and Death

Body, Mind and Spirit

+ charge, – charge and electricity

Fibonacci sequence 3, 5, 8

Hegelian Dialectic  Thesis, Antithesis, Synthesis (also the process of wisdom)

Anatomy of the State of Grace   Space, Time and Self Awareness

Trunk, Branches and Roots

The two symmetrical sides of a leaf and the stem from which they arose

Time      A moment, a flow of moments and a conscious viewpoint perceiving them

History is full of examples of dominating powers being overthrown, but probably only a hand full of times when dominating ideas/generally held ideas/paradigms have changed. In these cases the dominant idea doesn’t disappear it simply gets integrated with a new and balancing idea that itself transforms the former dominating idea in the area in which it was applied. And by the way the balancing and transforming concept applied at each of these rare moments has always been grace or an aspect of it relevantly applied to the dominating force or situation existing.

Don’t ever let anyone tell you that transformation doesn’t occur. It does. It just takes an awakening to the concept that enables and creates it.

The more I think about it the wisest next step forward would probably be the re-definition of full time work/acculturation of personal purpose/education strategy I wrote about a week ago or so. Technology has always been “a two edged sword”. That needs to be understood and a culturally balanced approach taken even as the speed of innovation and disruptive force of artificial intelligence increase.

Having said this , it is equally essential that we deal terminatedly with the problematic business model of finance which will continue to usurp the cultural heritage of productive potential and incentivize and integrate the economic vices of gambling, pooling of money, rentiering etc. until they become inoperable mortal cancers. “The wise man sees trouble coming and hides/protects himself.”

As always wisdom is integrative thinking, the ability to discern correct and effective action…and then take it.

EB:  Josh was right, per our media experts. The New York Times wants short and to the point. So I cut out the banks-create-money part. Now 775 words.

AT:  Of course that’s what they want! They want war with Russia too!

Me:  Times over the lesson translates into mastery….and increased consciousness of the subject matter.

Contemplate Public Banking and monetary grace as in gifting.

Science  clarifies, or attempts to at least. I am four square for science. Actually I’m for good, that is open minded science and also for the signature of scientific breakthroughs down through the history of science which is the integration of the scientific method with an aspect or aspects of grace-consciousness. The most recent example of this was Einstein’s space-time by imagining (the aspect of grace-consciousness) a man jumping out of the window of a building across the street from the patent office where he worked and sliding down space-time.

Actually Einstein’s breakthrough was only partial because he and everyone else was only partially conscious of the components of grace-consciousness which are space, time and conscious awareness itself, the latter of which enables one to deeply experience space and time  palpably as dimension and nowness instead of as mere or half experienced abstractions.

What the world desperately needs and unconsciously is reaching out for is wisdom. Human wisdom is the process of integration of the truths, workabilities and highest ethical considerations of opposite ideas, theories, forces, intentions etc. and the deletion of untruths, unworkabilities and lesser ethical/unethical considerations.

As the process of wisdom is the comparison and correct combination and deletion of data, factors  etc. as per above it is actually a science/example of the scientific method….with the added (essentially human) component of ethical consideration. It is a science-plus in other words.

Let us have the science-plus of wisdom.

You’re completely right that finance capitalism creates pointless jobs. It has to in the (vain) attempt to create a flow of total sufficient aggregate demand to liquidate total systemic costs which as a flow always exceeds the former. And that’s why all “dyed in the wool” capitalist theorists/pundits who ignore the problematic nature of the business model of finance are actually unconscious advocates of a socialist work state. Do I beat my drum for socialism? No, re-distribution of scarce demand is not the solution to an inherent scarcity of demand. However, if you integrated the dynamism and efficient allocation of resources of capitalism and the intention of economic democracy of socialism you would get a third more unified and whole monetarily gracious and abundant and yet efficient distributive economic system. Integration of the truths in opposites is always wisdom. What economists need is a new philosophy, an integrative Wisdomics that takes us out of the idiocies of obsessive theoretical contention and toward a new thirdness, wholeness and oneness of theory.

As integration is wisdom and grace is love in action, that would be the continuous  wisdom of love in action also known as grace. Or as per The Cosmic Code:

[ (Love x Action) <–>  Grace ]