Yes, there is an awakening slowly taking place in economist’s minds, and can also occur in the public’s mind. But tweaking Keynesianism will never actually resolve the deepest problem of the economy and money system. Grace as in monetary Gifting is the concept that underlies all cutting edge economic theory and monetary reform. That new paradigm is what finally will resolve instead of palliate the problem, and needs to be presented to both the general populace and the small to medium sized business community. I have suggested a Project Wisdom and Monetary Grace as in Gifting where it is explained how having more money placed directly in the individual’s hands is in the self interests of both businessmen and the consumer. This is a natural economic alliance. These are very large constituencies and such a grass roots organization is the equivalent of a “New Powell Memo”.

Regarding block chain technologies, while they might offer some cost savings they lack structure and so stability and security, and they are usually offered and supported by libertarian/Austrian/Gold Bug types who suffer from the fallacies of general equilibrium and who also tend to mistake chaos for freedom and so often advocate such “fixes” out of their irrationally generalized computation that government is and always must be tyrannical. This despite the fact that a philosophy of freedom and governmental policies that aligned with and effected freedom would logically result in…freedom.

I’m certainly not against any technology or strategy that is economic in the sense that it reduces cost. Now I AM against austerity (which is usually just anal authoritarian confusion) because it doesn’t work macro-economically and is both so inconsistent with the wealth we see all around us and with our incredible ability to produce.

But the point is you can tweak cost cutting and also pile on Keynesian stimulus forever and a day and you’ll never resolve the inherent systemic scarcity ratio between individual incomes and costs/prices. I know there are people who do not compute that reality or disbelieve it altogether, but considering that innovation and AI are going to quickly reduce aggregate individual incomes by a huge percentage it doesn’t matter whether one doesn’t understand it or doesn’t believe it is inherent anyway…because the reality of that scarcity ratio is increasingly and inevitably upon us…and so the policies of Social Credit/Wisdomics/Gracenomics will have to be implemented in order to deal with it.

The conditions of economic free flowingness and the personal state of Grace are exactly the same: Balance, Equilibrium and Flow.

What does this perfect reflectivity mean?

It means that systemic policies that also fully reflect and contain all of the component parts of these conditions will effect both individual freedom and systemic free flowingness. This is logic.

Now orthodoxy regarding these component parts can get in the way of the actual free flowing of the integration of all three component parts.

orthodox balance=mere numerical obsession=cannot maintain free flowingness…failure to attain orbit analogy

orthodox equilibrium=theoretical belief in general equilibrium =lacks disequilibrium caused by depreciation costs

Restrictive and invalidative Scientific orthodoxy regarding thermo-dynamics and spirituality=invalidates both need for free flowingness through Time and the freeing mental and systemic effects of Grace

Understanding the necessity of Integration-Wisdom and the pinnacle concept of Wisdom, i.e. Grace, is the key to a natural, inclusive and non-invalidative understanding of these concepts/experiences.

Get Ideas and the inevitability and utter importance of ethics in human affairs clearly defined, straightened out and accepted first….and your actions and systemic policies will reflectively follow as night follows day.

Attempting to live one’s life without graciously developing and preparing one’s consciousness for inevitable change, or to set up a system without thinking about the nature of its moment to moment reality  is confusing freedom with chaos and an invitation for disaster.

Decentralization is a good idea. Organizing a decentralized economic system so that its policies and effects align with and create immanent economic and monetary freedom for the individual and freeflowingness for the system…takes observational, philosophical and ethical preparation…..and that hierarchical trinity-unity cannot and must not be forgotten or ignored.

This is a truism, yes, but if we aren’t as conscious as we can be as adults, it is incredibly relevant and ought to be a tremendous motivation to increase our consciousness levels.

So what we need to do is completely comprehend consciousness and maintain that experience as thoroughly as we can through Time…and that is the state sages have been pointing to as freedom/nirvana/heaven since time immemorial.

Yes, I’m glad this thread has arisen as well because it finally can be shown that, contrary to world2steven’s well meaning but mistaken assumptions about Social Credit’s/Wisdomics/Gracenomics’ failings, it can be shown that its policies combined with the digital nature of the money system and the evolutionary concept of monetary Grace/Gifting….are exactly what are required to bring an end to Soddy’s complaints as well as the dominance and profligacy of Finance.

First of all Douglas was aware of and in large agreement with Veblen, and his use of the term “economic sabotage” was all over his and others’ writings about Social Credit. Sabotage is a subtle but huge aspect of the Gap that awakened economists will increasingly become aware of and actually be able to eliminate….once the concept of monetary Gifting is properly implemented into the economy. For instance if Gifting within the digital nature of the money system is increasingly utilized to grant humanity economic security then taxation for the purposes of re-distributing money to those who do not have it and for governmental services and even for infrastructure….then become completely redundant and can be eliminated for both the individual and for businesses.

Secondly, tying a REBATED Discount mechanism to the exact ending point of the economic/productive process enables us to reduce prices, increase purchasing power and hence utterly link the correct, an exact and with Wisdomics/Gracenomics’ deflationary Discount policies not only eliminate the specter of inflation BUT ENABLES A DECREASING NOMINAL AMOUNT OF MONEY FOR THE PURCHASE OF GOODS AND SERVICES. Thus both Soddy’s and everyone else’s inflation fears are eliminated,  and again the vector of the economy is toward less and less Finance necessary. So instead of the State “withering away” the demon of Finance, which is the major reason for its corruption, is de-throned, de-toothed and downsized. And of course if policies continue to be aligned with Grace/Gifting people will become increasingly aware of the ethically transformative and freeing aspect of such a concept as well.

Reciprocal monetary Gifting (to the consumer and back to the merchant) ingeniously utilizes the digital nature of the money system to control and economize Finance.

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He talks about some of the things I have been saying for 10 years, and yet he’s still caught up in the old paradigm of Debt enough not to see that a thorough and complete integration of monetary Grace/Gifting into the Debt based system will resolve and stabilize the economy through Time.

Retail sale is the perfect place to implement macro-economic policy because every business has a retail customer/product. Even wholesalers whose products and services are their retail product/service….to other wholesalers or retailers. It’s the perfect place to implement policy that can increasingly free both businesses and individuals. Keen has probably never been enough of a “hands on” businessman to consciously perceive the costing/pricing system/the actual costs of business and how it rules the micro-economy, or to perceive the significance of the fact of the terminal end of the productive process at retail sale. Hence they worry too much about the “dangers”/”difficulties” of helicopter money. With a digital (+,-) money system the answer to a scarcity ratio of individual incomes to costs/prices and to inflation Gifting (a universal Dividend) and reciprocal Gifting (a deflationary Discount).

A:  A demand, after all, is something that can be refused. The whole point of money is that it has to be taken in payment.

Me:  “A demand, after all, is something that can be refused. The whole point of money is that it has to be taken in payment.”

Correct. And that is the problem with complementary currencies and a priori decentralized attempts to resolve the monetary problem. But if you utilize the power of legal tender integrated with policies that actually effect individual freedom and systemic free flowingness….why make a logical result more difficult than it has to be or miss/alter the point that A = A, i.e. freedom is freedom.

Finally, as it frees both the individual and businesses from the tyranny of Finance, it is imminently palatable and marketable to both.

Me:  “Much of modern development would have been impossible without someone creating money,…”

“In other words, the modern financial system may be corrupt and evil, but the system is immensely valuable too.  It needs reform, not discarding.”

Correct on both accounts. And that is why we must integrate monetary Grace/Gifting into the debt based system. An integration is always a combination of only the true, workable and applicable aspects of two aparently different systems…otherwise it wouldn’t be Wisdom/an integration, it would be an idiot compromise of sorts that actually thwarts and prevents an integration and the actual resolution of problems.

Another example of an actual integration is of Grace/Gifting into the extremely valuable system of cost accounting/double entry bookkeeping. Gifting corrects the flaw there in the convention that all costs must go into price despite the fact that as the economy became more and more capital intensive and so costly it became less and less workable and stable do to the additional costs.

Integration evolves, and deep enough and/or continuous integrations transform.

Bob:

JD,

Yes, issuing it originally to banks without interest either via the government or via a central bank with specific policies is enlightened. However, even a state bank like North Dakota’s is going to charge interest on the loans they originate. Having an entity like a National Credit office that monitors and gives the go ahead on loans for their underwriting quality as well as for the actual parties involved and the purposes for which the loan is made is part of an ethical money system also.

While we’re making distinctions I’d like to point out that a money system and economy that merely has money extracted from the circular flow could be stabilized by having the government spend money into the economy for infrastructure etc. However, if there is extraction of money from the circular flow and ALSO a scarcity ratio of individual incomes and costs/prices that occurs no matter how much money is pumped into the economy then no amount of money actually spent into the economy via enterprise will stabilize it….because the system itself creates the problem. And that is why gifting utilizing the plus and minus digital nature of the debt based money system….is the only way to actually and completely stabilize such a system.

An Integrated Duality Within an Integrative Trinity-Unity

Or, The Cosmic Code: The Modern Theory of Everything

JD:  Hey all,

A trial run will begin soon in Oakland:
http://www.msn.com/en-us/money/markets/some-residents-of-oakland-are-about-to-get-a-basic-income/ar-BBoPaxX?li=BBnbfcN

Me:  Yes, again there is an awakening taking place. Economists need to wake up and be real or butt out of the debate regarding Basic Income/Dividend. As for the question: “Will people just sit around and do nothing?” is concerned the answer is….yes, a relative few will do so….and be woefully unhappy as a result. But the vast majority, even under an onerous system like we have now, find purpose anyway, and I strongly suspect an even greater percentage will do so when they don’t have to spend 50+% of their waking life doing something stultingly boring and/or non-self determined so that they’re too tired or semi-anesthetized to do anything but sit in front of the TV or digital monitor afterwards.

The intelligent and non-economically hypnotized question to ask is: How can the society cooperatively and effectively acculturate people for purposeful living whether that be via employment or some other non-paying activity….or both?