Traditionally one’s job or position has been referred to as a “Hat”. The problem with Economics and economists is it/they don’t wear all of their needed Hats.

First they need to put on their accountant’s Hat and actually look at the datums that are relevant. In other words they need to look at total costs produced and enforced upon enterprise and compare those costs with the individual incomes they simultaneously produce and distribute. That relationship of total costs and total individual incomes will reveal a scarcity of the latter in virtually every business, making it a dynamic and flowing factor. Discovering this puts their economist’s Hat squarely on their head.

Then they need to put on their philosopher’s Hat and decide for themselves whether they think such a system, even if it can be dealt with in a palliative sense and “for a season” by continuous borrowing/lending….is an ethical system….at all. Their answer to that question will let the outsider know who actually has ethical and moral fortitude…and who is merely a poser.

Finally, for those who sincerely see the unethical nature of the present system, it is incumbent upon them to seek the idea, the concept that penetrates the deepest, the most powerfully and the most ethically and so actually resolves the situation….and then keep one’s focus and drive upon it so that some lesser compromise with the actual problem and with the problem’s ethics does not delude them that a solution has actually been found. Such principled approach and dedication to it is the hallmark of the true Guru/Bodhisattva/Saint and is the Hat of same.

Yes, Sunday School was right all along…..except most only thought it meant to believe in God instead of doing the inner work necessary to self actualize the experiences of  Faith, Hope, Love and Grace. Hence science came along, and coupled with the cynical but quite correct observation that Jesus didn’t come back, enabled the modern individual to throw out the baby (the aspects of God in other words Faith-Confidence, Hope, Love and Grace that humans could attain with their own contemplation) with the bathwater of religion’s pre-scientific birth.

And so we moderns are divorced, estranged, alienated and long removed from ourselves, and misunderstand that Wisdom is the real power, and that its pinnacle concept, Grace, is its best and highest expression and necessary both personally and  systemically as policy….unless of course you want to simply make power and control your objective….just like the Cartel, the Banks and their politicians and economists. And then you’ll settle for that “mess of pottage”

Paradigmatic transformation of the economic and monetary systems first!  Any other wise and rational regulation of them….right along with it!

Most economists, not being accountants,. miss the underlying micro factor that makes inflation inherent, which is the empirical fact that the rate of flow of total costs always tends to exceed the rate of flow of total individual incomes. Most accountants, not being businessmen, miss this fact as well. This is not marginalism which indeed is invalid, but rather a flaw in cost accounting conventions which appropriately enables business to better handle depreciation costs, but which does not credit the individual with capital appreciation so that the macro-economy actually can be equilibrated.

As for advertising, all businessmen need to do is stay attuned to present time and present statistics and adjust production accordingly. Due diligence is necessary for the savvy businessman, and most understand this or go out of business. However, if the individual is not credited with a supplementary income over and above what he/she makes from work for pay then the economy will never be stabilized, especially as innovation and AI disruptively reduce aggregate demand.

Every paradigm change was absurd….before it became an absolute truth and necessity.

Steve Hummel 2016

Before Agriculture became the new way to live everybody knew that you had to follow the herds and move with the seasons. That was just the nature of Life. But then….?

Before Copernicus everyone knew the Sun and stars rotated around the earth. You could see that was true every day and night. But then….?

Debt and Loans are the only valid ways to distribute money and individual income, and monetary grace as in Gifting is economically invalid and absurd!  But wait……………

If businesses of necessity create more costs, because of the need to repair, maintain and replace their productive machinery, than they distribute as individual incomes after profits, and this is true of virtually all businesses except those who are bankrupt, then how can the economy ever be stable?

If total costs routinely exceed total individual incomes and currently in a systemic sense the only way to create additional money that might become individual income is a loan which adds even more cost to the system, then what is the only way that you can increase individual incomes and purchasing power without increasing costs for the individual and to the system?

If innovation and artificial intelligence are ever more rapidly decreasing the rational and competitive need for employment, and thus the number of jobs available as well as total individual incomes created are disruptively decreasing, then what must we do….inflict hardship on 95% of the population and make it almost impossible to start and stay in business, or recognize that such a system is incomplete, inhumane and unethical and basically conflicted?

If you don’t have to pay back a gift of money, then it increases your income and doesn’t increase your costs. If a free gift of money to the individual in the forms of a universal dividend and a discount to retail prices does not increase costs to the system, but rather resolves the conundrum of a system that creates more costs than it does individual incomes, …..then how is the idea of monetary grace as in the free and freeing gift….not the answer to the problem both individually and systemically, ….and the new primary paradigm to be integrated into the economic and monetary systems????

What was true is no longer true. What was absurd has now become necessary and the new truth that ushers in more freedom, more prosperity and the raising of confidence, hope, general human good will and the increased human survival that always characterizes paradigm change.

Monetary grace as in the free gift. Just keep thinking about it!

Finance has been the problematic business model for over 5000 years. Let us be done with its manipulations by:
1. Taking away the money creating power of individual and even state Banks and,

2. giving it to a sovereign agency whose guiding principle is Grace in its many benevolent, positive and ethical aspects, and whose two mandated policies are a universal dividend distributed directly to the individual and determining a discount percentage to retail prices that will create substantial price deflation.

Thus will the country be free from the corrupt powers of money, the individual free from the coercive necessity of employment even though employment opportunities are increasingly disappearing due to innovation and artificial intelligence and increasingly free to chose from the vast number of positive self determined purposes available to him whether they be commercial or non-commercial in nature.

Such an honest, freeing and ethically integrated vision will enable Mankind to fulfill its actual species designation, namely homo sapiens sapiens….wise and discerning man, and leave the stunted caricature and failed experiment of homo economicus forever in the rear view mirror of history.

Employment is not a solution to our economic problems as it will never equate the economy, and so plays into obsessive growth and over production. Direct individual monetary aid and a deflationary discount to retail prices costlessly equates incomes and prices and embraces  the increasing elimination of employment brought about by innovation and AI.

Rational and necessary governmental spending for needed infrastructure etc. is a crying need, no doubt about that. However, in modern economies mere fiscal stimulation is inadequate policy. We need to make the transformation from the fetish of employment to a truly fertile and freeing society of constructive purpose including work for pay if it is desired and available.

Also, MMT is reality, but so is human action. Monetary policy must have both a costless way of increasing individual incomes (a universal dividend) and a means of not only preventing inflation, but creating retail price deflation (a 40-50% rebated discount at retail sale). These two mechanisms are the anatomy and component parts of a stable macro-economy. Without both of these as policy, businesses will inflate their prices, if not immediately then very shortly afterwards…. because they see additional demand is present….simply because they can, and because there is no gracious yet effective policy to counter that natural trend in a profit making economy. So, if such policy is not implemented incomes and profits will erode and the regressive forces in society will be able to (correctly, but deceptively) say: “See, I told you all along that printing money was going to be inflationary.”

So let’s avoid that by having both fiscal stimulation and smart and completely real monetary policies for modern technologically advanced AI economies.

Contemplate Grace. Study it, learn it, make it real and apply it. It’s the route to a happy and purposeful life and a world so far superior to the present blind, distracted, confused and enslaving mess that is hurdling toward unnecessary pain, suffering and death.

Wake up! Grace is love in action and the conscious potential every human possesses….simply by being human. Claim your place in the world enlightened by Grace which is loving action!

Everyone needs to act in some constructive and effective way to bring about the monetary and economic transformation necessary to avoid a disaster of likely global proportion. If you don’t do something actual, and keep on doing it,  you are a part of the apathy, distraction, moral failure and unconsciousness of history that the established order counts on to remain in their dominant positions of power. It’s either be a part of a constructive solution, or be someone who just couldn’t manage to stand up on their hind legs and build a decent and freeing world…..for their children, grand children or even themselves.

Get up off your ass and fight for what is right, for what is wise and for what is loving or I guarantee you….you and yours are in for a lotta fucking unnecessary pain and suffering.

Moral and ethical determination and reasoned Love in action are the graceful and powerful forces we must all press the start button on…and never log off or shut down. Likely everything you hold dear depends on it. Just keep thinkin’ about it.

Once you understand certain givens in economics like the necessity to utilize calculus the formulas themselves become an impediment to nearly everyone except the mathematicians. Philosophy and language then become much more effective in communicating the real problems and the need for change. Of course you always have the problems of orthodoxy and self interested agendas that inhibit awareness of the need for change.