For instance a football game is the process of Start, Change and Stop which is also the general cycle of the physical universe.  Start is the beginning of the competition, Change is the game itself and Stop is one side winning or losing. The entire sequence is a Trinity-Unity-Oneness-Process. Virtually everything temporal/physical and mental is a Trinity-Unity-Oneness…you just have to train yourself to perceive it.

Unfortunately the likelihood of considering a legitimate third way by those habituated to dueling orthodoxies is probably nil.

A genuine third way would be to restrict all public infrastructure projects to government funding and any ACTUALLY productive enterprise, i.e. the creation of a product or service, to private funding. Both could be originally funded at 0% interest by a central bank/national credit office and rather than continue the fiction that such funding was a loan or bond that was continually rolled over….just tell it like it is and say, “This is a gift given in order to create wealth for the public and for enterprise.

This will eliminate the rent seeking that takes place in PPP’s, allow private banking for actually productive enterprise and with Public Banking as an obviously more economic model than private finance tend to downsize the costs of finance as a whole and on a continuing basis until the real problematic business model of finance “withers away”. Such is the beauty of the genuinely integrative third way that it benefits both profit making systems and results in social betterment by transforming and eventually eliminating the real structural cause of our economic woes.

Of course cutting costs in an inherently cost inflationary system still also requires dividend and discount policies in order for finance not to be still compelled because of the ADDITIONAL costs of ever increasing fixed capital assets and waste, as well as removal of money from the circular flow of the economy.

Finally, everyone still being human we’d still have to have effective regulation to keep private or public banking from deteriorating into bribery, extortion or cronyism. Summary execution comes to mind as does being trotted out in public and kicked in the ass, but my favorite would be something along the lines of this:

SM:  The perhaps only upside of the officially sanctioned theft racket having gone on for as long as it has redistributing wealth to the 1-10% best connected, is that there is an awful lot of wealth to be tossed into the blender by cutting the rackets off, cold turkey.

So, even though some may lose jobs selling Jimmy Choos to Wall Street wellfare queens, the cost of virtually everything will drop so fast that employment at even a fraction of their former nominal wage will be a net gain. Just imagine the “fire sale” of virtually everything, world wide, of a hard switch to a proper currency, with the ensuing order of magnitude+ increase in interest rates……. Lots and lots of choice pieces of wealth suddenly available for redistribution in reverse.

Like all rapid change, it would undoubtedly be a bit chaotic. But people are flexible, and adapt quickly. So the fear of some cataclysm occurring just because a few of Soros’ and Obama/Trump’s manservants have to be laid off on account of bossman’s theft racket being nipped in the bud, is waaaay overblown.

Like any slave could tell you, peace at all cost is vastly overrated. And conversely, the relative chaos of a revolt, vastly underrated.

Me:  Yes, imagine the stress and chaos of such a policy…..and its historically rhyming results….war.  On the other hand, if you implemented a universal dividend so there was more than adequate income for everyone and a retail discount of say 40-50% to consumers and that was rebated back to the merchants who gifted it to consumers…you’d accomplish the very same thing you want to happen…humanely and intelligently. Unconsciously advocating orthodoxies that only contain particles of truth….and untruth, whether liberal or conservative, never actually resolve problems. The third way of wisdom however always threads the needle completely and elegantly.

MS:  Yes let’s just send everyone free money – universally – in the whole world

That will do it

People will recycle free money with merchants and everyone will live happily ever after

No war, no famine, population will quadruple, and prices will go up

So we will keep increasing the free money dividend, up and up and up as prices go up and up and up

No job, no worries: stay and home and have more kids to get more universal free dividends

You call this wisdom

You are crazy

Me:  There are of course wise and balanced answers to everyone of your “rebuttals”. In the first case no one is suggesting just giving everyone a zillion dollars and leaving it to that. You apparently can’t hold two ideas in your head at the same time and remember that the balancing policy of a retail discount will eliminate any possibility of inflation and in fact create your never going to happen advocating orthodox economic theories “hobby horse” dream of price deflation. Also, with a sufficient dividend  you could eliminate payroll taxes for both individuals AND businesses thus helping to free both, both economically and financially. Birth rates in advanced economies have been shown to go down, and with the deep breath actual economic freedom brings the vast majority will be able to think even more rationally than they do now. And besides an intelligent dividend would be distributed only to those 18 and older not according to welfare which indeed does idiotically tempt and habituate such behavior. Remember, Wisdomics/Gracenomics/Social Credit is NOT socialism. As payroll taxes are eliminated you of course could lower the dividend somewhat to reflect the wisdom and economic value and virtues of prudence and frugality.  So much freedom within rational policy to be gained.   Or you could keep on advocating employment as the only solution even as AI etc. eliminates it at an increasing rate thus resulting in a socialist work state. When are you going to stop being an unconscious socialist Mish?

Hegelian Dialectic, Electricity/Electro-magnetism, actions of consciousness itself (reach, withdraw, be) and their reflectivity of the nature of the quantum universe (particle exists, particle goes out of existence, particles entangled via consciousness which is utterly integrated within and throughout the cosmos) composition of the atom, Fibonacci sequence, scientific method, relevant to new economic and monetary theory, relevant to the process of gaining wisdom, personal insight/problem solving, nature of psychological experience of Grace and the relevance of the philosophical concept of grace to various human systems, electric universe paradigm, plasma cosmology, connected universe, the notation  <–>  in The Cosmic Code as the feedback between consciousness and the temporal/physical universe, between consciousness and itself, between consciousness and the mind, between consciousness and others/others to others,

Applies to any subject/study including of course one’s self

[ (Look x Integrate)  <–>  Keep Integrating ]  =  The Actions Of Wisdom

[(emergent/temporal  x  intrinsic/quantum) Unitary Cosmic and Integral Nature of Consciousness]

Question for the economics profession: Is there a difference between the rate of flow of costs in a subsistence economy and a technologically advanced one? And if those costs are ever rising, how can individuals and businesses pay for them?

All of the math that extremely intelligent economists have at their disposal will entirely miss the correct answer to this most basic economic reality unless they actually look at it. So economists need to consult their “bean counting” accounting counterparts and awaken to that fact….or they will be dramatizing the biblical wisdom of Romans 1:22:

Professing Themselves To Be Wise, They Became Fools

Unfortunately accountants aren’t trained as mathematicians and economists and so they generally miss the conclusions that calculus and economics will help illuminate from examination of the data they (accountants) look at every day. In other words they stumble over undiscovered truth every day without realizing it. Consciousness, or lack thereof, is truly the controlling factor in so much of Life.

When you have policies that both interpenetrate and encompass/bracket the economy, like a universal dividend and a retail discount, you don’t have to be worried about equilibrium…or disequilibrium, because those two policies can establish either/both and create prosperity and free flowingness in a profit making system. They resolve the two apparent chronic problems of modern technologically advanced economies, lack of demand and erosion of profits and purchasing power by inflation, and also resolve the generally unperceived underlying problem that the rate of flow of total costs almost always exceeds the rate of flow of total individual incomes and so the lower bound of prices is always increasing.

When I hear guys like Steve Keen say “the fundamental direction of capitalism is up” I agree, but he doesn’t apply that fundamental truth to the additional costs of ever accumulating fixed and concrete capital. Keen has also correctly observed that economists could get their degrees without taking so much as an elementary course in accounting, but if he would himself stop splashing around on the surface of accounting by looking at only debits and credits and look a little deeper into that discipline by looking at the flow of cost accounting datums he’d be able to discern the reality of the above systemic fact regarding ever increasing costs.

Oh, and by the way depreciation allowances for business are not forgiveness or elimination of these costs….just stays of execution of them…especially for the 90 plus percent of businesses that will go out of business due to them….and due to the fact that systemically their customers do not have enough money to pay for them in prices. But a universal dividend and discount to retail prices is economic folly….right?