We don’t need to completely reject DSGE we need to integrate its particles of truth with the nascent awakening of disequilibrium and complexity theory to its essential alignment with the fully fleshed out PHILOSOPHICAL AND EXISTENTIAL concept of grace as in a dynamic, flowing process.

Grace is the only concept and experience that is fully and simultaneously a verb and a noun. Every aspect of Grace is a wise and appropriate part of that pinnacle concept and experience. So go with it and them.

The increasing problem with Modernity is that it is stuck in obsessive Dualism when a third, more unified and gracious state of mind and/or  systemic condition, a Trinity-Unity, is the answer it fervently and rationally seeks.

Yes, puritanism is essentially the already well defined psychological profile of authoritarianism characterized by obsessive legalism, moralism and agreement with rules and culturally biased viewpoints for their own sake and with little or no actual examination of them.  It’s an easily “hung up” mindset. The resolution of that mindset is integration of the particles of ethical and caring truth(s), workabilities, applicabilities and existences in seeming opposites and, to the best of one’s abilities, the gracious recognition/rejection of falsehoods and/or incomplete analyses. The PHILOSOPHICAL AND EXISTENTIAL concept of grace and personal graciousness being the operant and underlying factor in that process.

The resolution to puritanism/authoritarianism is continual contemplation of grace which would self actualize it,  because after all, “as a man thinketh, so is he”. And likewise resolution of any resistance to Wisdomics/Gracenomics/Social Credit could be accomplished by continual looking at what the immediate and continuing effects of SC’s graciously flowing policies would be.

The increasing problem with Modernity is that it is stuck in obsessive Dualism when a third, more unified and gracious state of mind and/or  systemic condition, a Trinity-Unity, is the answer it fervently and rationally seeks.

Wisdomics/Gracenomics/Social Credit has no problem with cost cutting and frugality per se. It just wants to integrate both frugality/economic and resource conservatism and abundance as in monetary grace. Likewise, it is for keeping the valid and necessary tool of cost accounting and its conventions while simultaneously transcending the latter’s flawed application which prevents a deeper stabilization of the economy. This is accomplished via the policies of monetary grace as in gifting

The truly integrative individual’s problem is often continual misunderstanding if not invalidation due to the apparency of the dual  nature of the temporal universe and/or and people’s habituation to that viewpoint and proclivity to grasp onto strong viewpoints that contain both particles of truth and untruth.

It’s curious that you revile and ban me on your Debtwatch site despite my compliments regarding your iconoclasm, and agreements with virtually all of your conclusions about DSGE/neo-liberal economics. Maybe you should reflect a little and consider that perhaps your reaction to me is more about an annoyed unwillingness to move from an entirely contentious iconoclastic mindset toward a mindset aligned with your own thinking but which emphasizes more integrative policy solutions….policies which if one actually looked at their direct economic effects and monetary validity would free both the individual and the system. Wisdom is an integration of both the iconoclastic and holistic viewpoints. Habituation to iconoclasm and the modern tendency to be both suspicious of religion and ignorant of its actual value, i.e. Wisdom, makes it altogether possible that energetic advocacy be mistaken for obsession. So be it. I actually don’t want this to be overly perceived as a scold. You ARE in my mind the most astute economist on the planet. Good luck in your endeavors.

Financial austerity/lack of monetary boldness cloaks itself in goodness and rationality. Unfortunately it is merely the extension of short sighted and shallow orthodoxy. Yes, we have less employment than is optimum, but do policy makers think we will have more and sufficient employment if the current financial paradigm of austerity continues to be enforced? And is employment or positive purpose the deeper and more essential solution to Life’s problems. Can we grow our way out of our lingering financial crisis if in the next 10-15 years innovation and artificial intelligence combine to eliminate 40-50% of the current total employment, or is a new paradigm of universal monetary gifting combined with a concerted and integrative effort by government, the clergy and the helping professions to make people more aware of the multitude of positive purposes available to them in addition to employment….not the wiser and more complete solution?

Our leaders need to access Wisdom instead of unconsciously repeating tiresome old orthodoxies that obscure and prevent integrative and constructive solutions.

The problem with economics and economists is not in what they know, it’s in what they miss because they do not look closely and hence do not know.

https://groups.google.com/forum/#!topic/public-banking/RqDHtmiPQQM

Yes the federal and state governments could do exactly as you say for commercial
enterprise. And it could also create the monies for the dividend and discount so that as both systemic costs increase due to the increasing costs of capital formation, and innovation and AI increasingly erode aggregate individual incomes…there will be more than enough income generated/created to keep the entire system flowing and increasingly freeing.

The integration of Public Banking and Wisdomics/Gracenomics/Social Credit is the total answer.

*************************************

Kevin,

John has given an accurate listing of the temporal reasons why Social Credit hasn’t “happened”. In addition to those absolutely valid observations you have the fact that the current world mindset is largely ignorant of Wisdom and even increasingly unwilling to consider it of any actual value. The process of integrating truth(s), workabilities, applicabilities and obvious existences is the very process of Wisdom itself.

What I like the most about Social Credit and what economists and policy makers fail to realize is that its policies are the solution to the individual’s economic problems. As the individual is the most fundamental aspect of the economy so is Social Credit the most fundamental and essential starting and ending point for the economy’s problems. It’s dual policies of a dividend and discount are in fact an integrative whole that resolves not only the individual’s problems….but also the system’s lack of stable free flowingness. Within this wise/integrative framework you have other valid critiques and reforms like Public Banking, (a more economic integration of the problem of Financial dominance) Georgism (the same with rent), the valid critique of global corporate dominance, etc.

We only need to look at the current American presidential campaign where the slimiest tactics and most tiresomely orthodox viewpoints on both sides are stuck in obsessive contention….and an idea like integration of truths is lost in all of the heated distraction.

The modern world is essentially an obsessive mindset of Dualism needing desperately to find its way back to Trinity-Unity which is an integration of the mindsets of science and spirituality. and Social Credit’s policies are the integrative Trinity-Unity solution to the most pressing present time problem holding the ignorance of obsessive Duality-contention in effect.