It has been said that ordinary minds think about events, above average minds think about issues and that great mind think about ideas. I would add a level and say that the mind concerned with elevated and actual change thinks about paradigms, which are generally held and believed ideas,…and what new paradigms can be integrated into the old to effect the maximum progress, goodness and freedom.        Steve Hummel    o2/08/2016

Carl,

Of course your own work and Ellen’s advocacy of Public Banking are also integral parts of the process, but a third thrust along the lines of my idea of a Project Economic and Monetary Wisdom and Grace that advocates the following things and shows the small to medium sized businessman and the vast majority of the populous how these policies are their mutual way out of this mess and the way home to sanity, stability, prosperity and the accomplishment of much, much more of the truthful and constructive aspects of the left and right’s agendas than they have even dreamed of creating in their obsessive conflict for the last hundred years or so. Together our three pronged approach could be the way that the political apparatus was herded en masse toward freedom.

Just posted this to Mish Shedlock’s blog in answer to the question: How and When Does This End?

Like everything else in the physical universe the current crisis will follow the general course of Start, Change and Stop. That could mean crisis (Start) , muddling through (Change) and then catastrophic war destroying untold lives and means of production (Stop).

That’s if we’re stupid, orthodox, unwilling to integrate opposing ideas and relatively unconscious.

It could also be crisis (Start), recognizing that costs inherently exceed individual incomes simultaneously produced and that the Banks’ monopoly on credit creation and the vehicles and purposes by which it is distributed enable them to unnaturally dominate every other business model and nearly everyone in the world’s economies (Change) and then consciously re-balancing and stabilizing it by the policy actions of “a modern debt jubilee”, a universal dividend for one’s entire adult life to insure the dignity of the individual despite the constructive and freeing onslaught of technological innovation and artificial intelligence which will largely eliminate the necessity of employment for a large majority of the populous and a deflationary discount to retail prices that is rebated back to participating merchants so they can be whole on their overheads and margins (Stop….and Re-Start))….and the world and profit making systems are saved via such integrative Wisdom.

wisdomicsblog.com

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The key to finding and enacting a “third way” is understanding that actual third ways never exist unless there is an actual integration of only truths, only workabilities and only applicabilities of apparently opposing ideas/theories, and an ethical elevation as a result of that integration. Without actual integrations the process inevitably deteriorates into obsessive debate, conflict, ego involvement, closed mindedness and so no actual progress or change.

I don’t beat my drum for capitalism or socialism. I’m for the integration of only the particles of truth, workabilities and applicabilities of both. There are numerous of these on both sides, but for starters if you integrated the economic dynamism of capitalism and the moral indignation of socialism, threw out the obsession with political power and control that both have historically dramatized and replaced it with a commitment to policies that clearly and actually effected economic and monetary freedom for the individual and for businesses, threw out the unworkable re-distributive taxation that both have embraced and replaced it with a direct distributive monetary and pricing program that eliminated both individual monetary scarcity and the possibility of creeping inflation….then you’d be be making a whole lot more progress toward the changes we need. Throw in the recognition that a mass social movement is the only effective way to bring about the political changes necessary to get such policies enacted, and you’d be well on your way to clarity and focus on the entire process.

Like everything else in the physical universe the current crisis will follow the general course of Start, Change and Stop. That could mean crisis (Start) , muddling through (Change) and then catastrophic war destroying untold lives and means of production (Stop).

That’s if we’re stupid, orthodox, unwilling to integrate opposing ideas and relatively unconscious.

It could also be crisis (Start), recognizing that costs inherently exceed individual incomes simultaneously produced and that the Banks’ monopoly on credit creation and the vehicles and purposes by which it is distributed enable them to unnaturally dominate every other business model and nearly everyone in the world’s economies (Change) and then consciously re-balancing and stabilizing it by the policy actions of “a modern debt jubilee”, a universal dividend for one’s entire adult life to insure the dignity of the individual despite the constructive and freeing onslaught of technological innovation and artificial intelligence which will largely eliminate the necessity of employment for a large majority of the populous and a deflationary discount to retail prices that is rebated back to participating merchants so they can be whole on their overheads and margins (Stop….and Re-Start))….and the world and profit making systems are saved via such integrative Wisdom.

wisdomicsblog.com

No more fragmentation, distraction, mental scatteredness, lack and loss of control, inability to focus or inability to see entirety.

Grace is Unity/Wholeness/Oneness of thought, focus, understanding and experience.

What is greater than Good?

Love.

What is greater than Love?

Grace, which is Love in action, in the midst of Life and Living.

This Trinity of concepts and ethical mandates are the wise and integrative answer to a free flowing , prosperous and profitable economic system. They come before and rise above the current primary ethic of profit to a new primary ethic of Grace and planetary and human survival, and yet fully integrate greater likelihood of profitability within them at the same time.

Along with the other macro-economic policies of a universal dividend and a reciprocally gifted deflationary retail discount these philosophical and ethical mandates will enable aligned regulations that are potent and yet gentle, enable profit and yet are far seeing, enable abundance and yet are environmentally wise, release the freeing aspects of technology and AI and finally integrate the interests of all parties involved.

Again great stuff Carl, and I’m four square for broadcasting the facts of our prosperity hidden in the CAFR’s and in economic and financial inefficiencies.

Please keep in mind though that even after such prosperity is effectively distributed, the economy is very complex, and every individual and every enterprise is a free agent in the sense that they can spend or not spend and raise prices as they see fit. Hence we could end up still having harmful cost/price inflation as enterprises see a steady stream of demand is forthcoming.

The secret to finally stabilizing the economy is to implement policies that perfectly reflect a concept of freedom and prosperity while simultaneously integrating the natural but apparently opposing desires of human beings to profit from their activities, having a natural sense of moral and ethical rightness and finally that all economic agents can “buy into”.

As Wisdom/Natural Philosophy is the integrative process itself and Grace-graciousness its highest and most unitary expression, it is the concept we’re all striving for not only in economic and monetary reform, but in all of our thoughts and activities. Also please keep in mind that the classical (and correct) goals of economics are balance, equilibrium and flow and that grace as in flowing gracefully across the dance floor of Life in perfect balance and equilibrium…..are perfectly reflective of each other as well as entirely and underlyingly applicable in all activities of Living. Thus Grace as in Gifting (a continuing abundant citizen’s dividend) and Grace as in reciprocal Gifting (a price deflationary retail discount) are the graciously integrative policies that will stabilize the economy and effect an equally gracious integration of every agent’s interests while also preventing a creeping inflation that will end up eroding individual purchasing power and the profitability of enterprise…and give regressive forces an opening to “restore austerity, sound money and control.”

Now I’ll turn this over to my nationally board certified in English Language Arts wife for proof reading. 🙂

Keep up the good work.

Give the individual a continuing gift of money over and above what they make in work for pay, let businesses discover their best price and then reduce prices at retail sale by say 30-40% and gift back the enterprises participating in such a policy every cent of their discounts to consumers and….voila! a stably prosperous economy that no idiot financial or economic assessment agency can hide.

You’re all nascent advocates of Wisdomics/Gracenomics.

wisdomicsblog.com

It’s all well and good to realize that a reduction in the rate of debt will result in a recession or worse, but the greater concern must be the policies and economic and monetary philosophy. “A modern debt jubilee” is a good one off action, but not an adequate or ongoing systemic/macroeconomic policy. Monetarily such policies (a citizen’s dividend for instance) will need to be direct to the individual and hence systemically/macro-economically costless. Policy makers will also need to understand that within all of the continuous actions and overlapping of transactions in a complex economy there are still cycles of actions and moments of terminal ending and transformation where policy must be placed so as to make such policies truly macro-economically potent and effective. The primary place and time for this is at retail sale which is both where all costs for every item or service is terminally summed and ended. Thus a general discount to consumer prices at that point (and that after the sale is reciprocally rebated back to participating merchants by a national monetary authority) will have the effect of reducing total systemic costs without injury to any economic agent. It is long past due that we end the domination of individuals and of every other business model by the business model of Finance by integrating monetary Gifting into the Debt based system. wisdomicsblog.com