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.

What we need is a media outlet whose programming expresses the motto:

More Questioning and even more….integration of opposing Truths.

Hopefully Steve Keen will continue to be an awakening Social Crediter. He has re-discovered numerous of the discoveries of Douglas.  Economic Wisdom is extremely important to obtain, and monetary grace its temporally attainable goal is its pinnacle policy expression.                               Steve Hummel 10/17/2016

“Derivatives are financial weapons of mass destruction.” Warren Buffet

Me:  Yes. Another reason why monetary grace as in responsibility for correcting/unwinding monetary-debt error without foisting that responsibility off onto others….is so necessary. It’s also why monetary grace as in forgiveness of debt/jubilee is also grace as in Wisdom…as the lingering and actually increasing debt overhang threatens to endanger everyone and everything unnecessarily. And grace as in swift, definitive, wise and caring action in the present moment is the way out of the current mess and the way home to freedom and continuing prosperity.

Some might say, “Everybody knows this.” But that’s just it, the fact is they don’t know it CONSCIOUSLY, or perhaps consciously enough due to having fragmented and/or dissonant ideas that obscure the truth expressed. And this is no crime of course….but neither is it an excuse not to consider it and help to create a better world. After all Wisdom and grace as in the ethical integration of thought and action is the healthy and constructive response.

The reason why the philosophical concept of Grace is the answer is because it is bothness/opposition/Duality integrated.         Steve Hummel 10/17/2016

SM:  In a world where some get paid $200 million for sitting around like a chicklet, squawking about how the world will “collapse” lest Yellen freely drops money stolen from others down their throats, delusionality is the new reality. Can you blame anyone else for wanting in on the game as well.

The important part, is to not drag third parties in. As in, no taxpayer topups, “shared sacrifice,” or other nonsense. The officers were promised a certain pile of goods, and they’re hardly evil for expecting those promises to be honored. But the ones required to honor them, are the ones who made them. Not a bunch of “taxpayers”, many/most who weren’t even born yet when the deals were made.

It may sound harsh, but it is literally a better outcome that every officer, all their kids and spouses, and everyone who are in any way dependent on them, die the most gruesome death from outright starvation in the streets, than for the government to take one fractional penny, from one single person, who was not a party to this whole mess. Since once that “thin blue line” is crossed, it’s open season on anyone’s future.

Me:  Not so at all if one integrates the policies of a directly distributed/gifted universal dividend and a general discount to retail prices that is fully gifted back to the merchants who gifted the discount to the consumer. These policies wisely and pin pointedly resolve the problems you correctly identify, do not add a cost to the system which already creates a greater rate of flow of costs/prices than it does a rate of flow of individual incomes, are unobtrusive on enterprise, are universally shared and correctly make the system reflect its abundant nature rather than enforce an arbitrary, enslaving and moralistically puritanical austerity on it.

One or more of the aspects of the philosophical concept of Grace is and always has been….the wisest, most psychologically enlightened and humane frigging answer….to everything!  Get over it. This just is. It’s not necessarily a spiritual comment, nor is it necessarily not one. It is just a fact. Look at it closely and honestly….and you’ll see it!

As forgiveness of sin is the gracious and Wise resolution for both the sinner and the accuser, so is debt forgiveness and continuing policies of monetary grace the wise answer to a system that is increasingly de-stabilized by a disequilibrium of individual incomes and costs/prices.                                Steve Hummel 10/17/2016

Innovation obviously plays a role in the evolution of economics, but the innovation of monetary grace as in abundant costlessness/gifting is so deep a philosophical and policy change in economic theory that it is able to integrate and resolve the paradigms of scarcity and austerity.                                                 Steve Hummel 10/16/2016

I learned something here. The Austrians actually aren’t believers in DSGE, but they are still market worshipers, and the extreme Austrians I have known are like the Randrhoids who neglect ethics almost entirely when you continue to confront them with any of the innate insensitivities that are a part of capitalism. Let me ask you this. What if a modern debt jubilee takes place and yet we don’t implement any policy along with it to combat the “naturally upward tendency of capitalism”? Wouldn’t that be an incomplete regimen that would simply re-initiate the apparent tendency toward equilibrium, but which because of the natural upward tendency of prices in a profit making system and also the increasing erosion of aggregate individual incomes by innovation and AI….also repeat the reversal you accurately describe in your videos? And if we implemented a variable but continuing monthly universal dividend and a general discount to prices at the very end of the economic/productive process, especially if these created what I refer to as “the higher disequilibrium” of more total individual incomes than total prices for a given period of time , i.e abundant incomes and yet continuing price deflation….would that not be a positive integration of Austrian intentions and disequilibrium theory? By the way, I’m not just some doctrinaire Social Crediter. I can see that they still tend to embrace a statistical equilibrium in computing their dividend and discount policies as well. That’s why I call my Social Credit aligned but transcending theory Wisdomics/Gracenomics. It fully embraces disequilibrium as in continuous process and rejects austerity in favor of the deeper philosophical concept of Grace as in disequilibrative abundance. What harm could price deflation wed to increased income and savings have? (Remember a monetary authority would reimburse merchants all of the gifted discounts they gave to the consumer and people have self determined control over their savings, not so with debt.)

Innovation obviously plays a role in the evolution of economics, but the innovation of monetary grace as in abundant costlessness/gifting is so deep a philosophical and policy change in economic theory that it is able to integrate and resolve the paradigms of scarcity and austerity.