A modern debt jubilee is monetary gifting. The problem is its simply a one-off palliative reform that does not effectively or continuously deal with the continual build up of private debt which has historically destabilized empires and been probably the major reason for them going to war thinking that stealing their neighbor’s assets might re-stabilize their own economies. The best way to deal with the problem and effect an actual paradigm change in economics and the money system is to fully integrate and implement Monetary Gifting CONTINUOUSLY into the present Debt Only system with the two policies of a 50% Discount/Rebate at retail sale and a reasonable universal dividend, and to then craft additional policies to terminally stop commercial agents from gaming/de-stabilizing the new paradigm. The present monetary paradigm for the creation and distribution of all new money of Debt ONLY hasn’t changed for the entire history of human civilization. Doing so with Strategic Monetary Gifting would be a monumentally progressive phenomenon not unlike the change from nomadic hunting and gathering to homesteading, urbanization and agriculture.

Did you get that Dr. Keen and DemystifySci podcasters? We need to be smarter than the ancients who indeed did do debt jubilees… instead of being dumber than they were by not doing it despite the fact that now we have the digital and double entry bookkeeping means of CONTINUOUSLY implementing debt jubilee. How “smart” is it to have a one-off debt jubilee…and then let Finance go right back to dominating every individual and commercial agent and continuing to de-stabilize the economy…for another 60-70 years?

PE101: You completely miss the lesson about equilibrium. The whole point is to explain and demonstrate the adjustment and recovery process after boom and bust cycles and going to higher and lower levels of income. Try actually reading the textbook.

Me: Equilibrium as in stability is what to aim for. What you are missing is the understanding that the present monetary paradigm for the creation and distribution of all new money, namely Debt ONLY…DESTABILIZES AND HAS ALWAYS DESTABILIZED economies since day one of human civilization. Neither you nor Keen have recognized how to remedy this problem CONTINUOUSLY because neither of you analyze on the APPLIED conceptual/paradigmatic level and hence you’re both resigned to being erudite dunces. Sorry to have to school both of you, but the truth is just the truth of the matter. If you want the full policy program and additional policies that rebutt every objection I’ve had hurled at me for the last 8 years or so you could get my book here: https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies/dp/B08X7MZ4KH/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr

You want positive progressive change? Think conceptually. Why? Because paradigms are concepts, furthermore APPLIED NEW concepts. Keen is a fantastic systemic analyst…but he fails to analyze conceptually despite throwing the words paradigm change around occasionally. New paradigms always perceive/frame the key outness of the present anomalous paradigm. Keen has the build up of private debt correctly identified as a problem, but that doesn’t enlighten completely. The key problem is the concept behind the creation and distribution of all new money, namely Debt ONLY. In other words new money can only be created as debt so Debt ONLY is not only the present problematic monetary paradigm its also a monopoly paradigm. Its exactly analogous to the Roman Catholic’s monopoly paradigm of Salvation via Roman Catholic Sacraments ONLY.

Now, the short course in Paradigmology consists of the following historically verifiable facts: 1) New paradigms are always in complete conceptual opposition to the present paradigm (examples: nomadic, tribal hunting and gathering to homesteading, urbanization and agriculture, also geo-centrism to helio-centrism which 2) also dramatizes a signature of paradigm changes which is complete inversion of temporal universe problematic realities 3) the beneficial effects of every new paradigm have always been an aspect or aspects of the natural philosophical concept of grace like abundance, increased survivability, new/increased awareness, integration/synthesis/unity of opposites to the point of a thirdness greater oneness of a (seemingly) problematic/unresolvable duality, so a trinitarian mindset. Strategic Monetary Gifting is conceptually in complete opposition to Debt ONLY, a policy of a 50% Discount/Rebate at retail sale inverts the present biggest problem of chronic inflation into beneficial price and asset deflation and grace as in Gifting check all of those boxes.

Surprisingly, the 50% Discount/Rebate policy is the first time a spiritual experience is enabled from participation in a temporal universe system, namely gratitude for a gift of price at retail sale. Its also the rarity of directing the attention outwardly instead of inward work to experience spiritual benefit. To my knowledge the only other ways/places this is done is in zen buddhist “wall gazing” and Scientology’s TR-0 and Operation By Duplication process.

Implement a 50% Discount/Rebate Gratitude For A Gift policy at retail sale. Its the primary policy of the Hummelian Monetary, Economic and Spiritual paradigm change.

When you are able to resolve the major problems of the opposites of inner reality/spirituality and temporal universe systems by applying a single new concept you know you’re onto something big.

You’re welcome!

Wow! That IS a real conceptual ride! My only question is: Is there a way to speed up that conceptual/experiencial process, and can we create temporal universe systems that everyone does and must participate in as opposed to ONLY waiting or only having optional, mental and laborious means like meditation and prayer (and those means as well of course) to evolve with that pocess?

For instance, what if we integrated a new monetary paradigm for the creation and distribution of all new money strategically into the economy with a policy at retail sale of a 50% Discount to consumers creating beneficial price and asset deflation because EVERYONE would be able to get $100 worth of groceries for $50, a $60k EV for $30k and a $500k house for $250k and then all of the merchant’s discounts were rebated back to them by the central bank so they would be whole on their entire price? We could (consciously) call it the Gratitude For A Gracious Gift 50% Discount/Rebate Policy at Retail Sale and it could be the beginning of the transformation from an increasingly unstable and frustrating economics into a Wisdomics-Gracenomics.

If god is omni-present isn’t the present moment the time and place to meet/experience him/her/it? Both scientists and religionists need to consider this, and then focus on dropping their normal walking around largely abstract/internal state of consciousness…and instead focus on looking at whatever they experience in the present moment…where the experience of god actually exists.

We do know that the present moment is continuously replete with an electro-magnetic flux of particles coming into and out of existence so what if the focused projection/extension/integration of our consciousness with this flux…is the experience of being united with god, namely grace as in the impulse to actively love?

This could be both a naturalization of spirituality and a spiritualization of science that is actually a thirdness greater oneness of those supposed unresolvable opposite mindsets.

Steve Hummel 12/18/2025

The new monetary paradigm of Strategic Monetary Gifting with a 50% Discount/Rebate at retail sale (the retail sale point of Obamacare is its monthly insurance payment) and its additional stabilizing policy program is the solution. But before you can see that you have to demo it in your mind or on a clay demo table. If you would finally do that Mish you’d see that the new monetary paradigm’s policies are not only the fulfillment of libertarianism’s wished for dreams but the rejuvenation of profit-making economic systems.

If you would please do that…

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Regarding whether or not Trump will sign an Obamacare extension: Of course Trump will sign it (even though he willl simultaneously blame everyone else) because he knows that such an increase in costs for so many people means the republican majorities in both houses will disappear in the mid terms and that means impeachment. Note to Trumpists: Chaos merchants create chaos…not more freedom.

I’m not against trillion dollar coins to pay for the current national “debt” (read almost entirely interest payments/gifted money to the already wealthy) but a much more democratic way to spread out that largess would be to have merchants agree to reduce the price of everything at retail sale by 50% and then, by amending the FED’s charter, have them reciprocally gift the merchants every cent of their discounts back to them. As EVERYONE does and must particpate in retail sale its not only universally benificent it transforms chronic erosive inflation into beneficial price and asset deflation, simultaneously potentially doubles demand for every enterprise’s goods and services and best of all serendiptously creates the greatest opportunity to self-actualize gratitude for a gift since meditation and prayer. Visualize it.

SPJH: So how do we collapse the current system – in a way that doesn’t screw we the people 

Me: First: Broadcast the fact that a policy of a 50% Discount/Rebate at retail sale mathematically doubles EVERYONE’S purchasing power which is the equivalant of getting a 100% pay raise so someone making $45k/yr now can purchase $90k worth of goods and services. Second: Totally ignore all of the sarcasm and/or moaning and groaning from those who don’t actually look at/are unable to see those wildly beneficial effects because they can’t see past their ego involved fallacious orthodoxies and Third: Remember two things that have always been and still are politically true: PEOPLE VOTE THEIR POCKETBOOKS AND THE BANKS AND OLIGARCHS ARE FEW…AND WE ARE MANY.

Genesis sounds like the correct new thrust humanity requires. Hopefully the beginning of a Wisdom Physics and a Wisdomics-Gracenomics where the integration of seeming opposites/dualities results in a serendipitous thirdness greater oneness.

The thing to equally research might be how we can stop/interfere with consciousness controlled/anti-gravity technology thus opening up the non-military applications of such technologies.

Or let me clarify my second post. I meant a super multi disciplinary and public effort of developing a means of deterence of the military ability to deliver weaponry instantaneously with anti-gravity technology, and so either exposing it as presently already accomplished, or if not already accomplished, starting that super effort anyway in order to be able to effectively off planet energy production and at least the dirtiest means of commodity production.

And part of that integrative effort should necessarily include integrating a new monetary paradigm of Strategic Monetary Gifting into the present dominating monopoly monetary paradigm for the creation and distribution of all new money also known as Debt Only. This is what I meant as a Wisdomics-Gracenomics which with a primary policy of a 50% Discount/Rebate at retail sale would

1) transform chronic erosive inflation into beneficial price and asset deflation for the individual (you’d get $100 worth of groceries for $50, a $60k EV for $30k and a $500k house for $250k for instance and yet with the rebate aspect of the policy the commercial agent gets their full price so no moral hazard there)
2) mathematically double everyone’s purchasing power and so also the demand for every enterprise’s goods and services so the normally opposed self interests of merchant and consumer are integrated. and 2a) in order to mitigate consumption you could implement a sliding scale required percentage of GIFTED money be “taxed” (read invested) in 5-6% eco-energy R & D bonds to help fund the super project

and 3) the serendipidous part of a new monetary paradigm of Gifting would be the greatest opportunity to self-actualize grace as in gratitude for a gift because everyone DOES AND MUST participate in retail sale and being grateful beats hell out of the frustration of economic austerity and the depression of hopelessness that attends seemingly unresolvable problems.

Nick Cook: This is an interesting idea I need to wrap my brain around. It looks like you’ve put some thought into the framework (economic, social etc) alongside which an expanded science paradigm would operate.

Me: Very good, please do. These problems are complex, however solutions/paradigm changes are always much simpler because they deal with basic factors, read the present operant reality creating and anomaly enforcing concept and the new paradigm concept which resolves the problems of the present paradigm because their applications create an integrative thirdness greater oneness of the problems/dualities of the present paradigm. Consult Hegel and chemical synthesis as mental and physical models.

The short course and essential guide in paradigmology is: 1) initial willingness to tolerate apparent illogic as new paradigms have historically always been in complete conceptual opposition to the present paradigm 2) embracing and applying the intellectual impulse and process of wisdom which has always been associated with “the third resolving way”, i.e. mental trinitarianism and 3) realizing that historically the beneficial effects of new paradigms have always been an aspect or aspects of the natural philosophical concept of grace like unity as in integrative trinitarian resolution of opposites/dualities/problems, increased/new consciousness, abundance, greater mental and temporal universe freedom and increased survivability.

Do you believe in gravity? Helio-centrism? Pessimism? Ultimately, these are all ideas. Yes, gravity we experience everyday so thats easy, but helio-centrism and pessimism are optional. Helio-centrism because its not obvious like gravity and so it requires analysis, specifically scientific analysis to believe and experience as true. Pessimism? Its easy because freedom to act is a part of the temporal universe and power, profit and control is the current zeitgiest/ethic of the age and that enables the wealthy and those who currently hold power to create, enforce and so control what happens. But pessimism is still a choice…because its an internal/mental decision that you’ve made over and over that now stops you from acting…even before you might start to do so…so its the mental disease of human “civilization” and of modernity/the present point of the current zietgiest…and yet its completely unnecessary because if you consciously choose to make optimism and its fruits of activism, the joys of freedom and participation in evolution, specifically ethical/zietgiestian evolution you align yourself with the power of Wisdom and its ultimate ethic and experience which is the beneficial integration of opposites also known as grace which is loving action.

So make grace/graciousness your conscious mental habit and be ethical, happy, evolutionary and powerful.