I quite agree that arguing over capitalism and socialism is dumb. As I said in my post to Steve Keen they are both passe’ as theories. A modern technologically advanced economy should have the profit making system of monetary Distributism.

As for usury/interest, even if it is the largest cost, as it is but one of many additional costs that create a higher rate of flow of total costs than the rate of flow of total individual incomes it is not the first or primary cause of our problems. The real cause is excess/additional costs and the real problem is an inherent scarcity ratio of incomes to costs. Banks/Banking is indeed the keystone structural problem, that is definitely true, because they control the monopolistic and dominating paradigm of loan and debt only, which makes monetary grace as in Gifting the only actual and valid economic solution to the basic problem because it raises inherently scarce individual incomes without incurring a cost to the individual or the system.

Most people are searching for answers merely via science which they perceive to be the best way of finding answers. The truth is that science wed to Wisdom and spirituality is the trinity-unity mode of thought that is the actual best mode of discovery. Most moderns, including most science oriented individuals are infected with the objective, fragmented mental methodology of science and hence lack sufficient self actualized experience of Wisdom and spirituality and so also lack both the faith as in confidence and the wholeness of mind that these bring when integrated with the mode of thought known as science. The trinity-unity mindset of science, Wisdom and spirituality is the relevant and inclusive answer to the haltingly fragmented, smallish, exclusionary and delusively arrogant personal and systemic problems that afflict modern life and living.

Hence there must be a somethingness in space and a flow of moments….and of course an awareness with which to experience those spacio-temporal realities.

The current coalescence of financial power violates the saner, more peaceable  and freeing concept of subsidiarity which recognizes that temporal affairs regarding money, power and control must be subservient to a spiritual concept adequate to resolve their temporal influences.  That concept is Grace whose primary aspects are dynamic Balance, stable Equilibrium and free Flow, and apply to self as well as the economy and money systems and so enables reflectivity and even simultaneity both of which are also further integrations/aspects of Grace. In fact the experience of Grace is most basically the experience of one’s own, or if one so chooses, God’s consciousness and so is the ultimate concept/experience of wholly  unified diversity. Furthermore Grace being inclusive in every way including of its own aspects, and the pinnacle experience of Wisdom as in complete competence integrated with ethical sensitivity to both Self and the Other cannot possibly be powerless or irrelevant as personal ability to act relevantly in the temporal universe in an ethical way is exactly the definition of Wisdom itself.

Thus is Grace the prosperous democratic answer to the question of money, the self determined answer to power and the graceful, gracious and flowing answer to control.

The economy is most basically randomizing of energy and so cost inflationary as energy is a must and a given in any economy save a basic barter one.  Also, being utterly embedded in the temporal universe, it refuses to/cannot possibly stand still in Time and so, in and of itself must flow in this cost inflationary state.  As this inherent costliness is additional to all other costs and it exceeds even the possibility of individual incomes equaling all costs (which of course except under extreme conditions never occurs either) it is necessary to implement the right policies at the right places and times in the process of production which is the economy.

Who gives a shit about capitalism or socialism. They are both passe’. What modern technologically advanced economies must have is the dynamic profit making system of monetary Distributism. That is the integrative and hence wise and conscious conclusion to be drawn from both economic history and even a modicum of ethical awareness.

Your policy implications are kind of Social Credit lite and lack the sweeping macro-economic effects necessary to truly stabilize a modern credit based economy. Your mathematical analysis is great as usual and comes to the correct conclusions, but the fragmented, smallish nature of your policies comes from the very objective mathematical and scientific methodology you use. Coming from the opposite holistic/philosophical/wisdom tradition direction enables one to come up with the right solutions by penetrating to the level of idea/paradigm and also see the entire picture of the economy at the same time so that you can pin point the best what and where of policy necessary to implement.

Jubilee is an aspect of the concept of Grace as in forgiving, in this case debt, and in Giving as in Gifting. Why let the mere transcendental religionists hog all of the philosophical power? Economists should drop all of their reactionary modernist bias against traditionally religious concepts and tap into it themselves in the name of nature and scientific breakthrough….as such open mindedness is the hallmark of not only good science, but (unconsciously) incorporating aspects of the concept of Grace and the nature of consciousness itself into their modeling is also the signature of scientific breakthrough.

wisdomicsblog.com

****************************************************

An adequate level of monetary Gifting directly to the individual greatly mitigates and eventually eliminates the supposedly problematic factor of employment/unemployment  in theoretical constructs, and coupled with a deflationary discount to retail prices that is reciprocally gifted back to the merchants that give the discount, virtually eliminates  both the supposedly problematic factor of inflation and the supposedly problematic factor of the macro-economy tending toward general disequilibrium.

******************************************************

“Wages share directly negatively related to debt ratio” comes close to the Social Credit insight that “the rate of flow of total costs exceeds the rate of flow of total individual incomes” it’s just that Douglas perceived the latter/more basic cause of the problem by examining the cost accounting datums of over 100 firms and found that the above held true for all of them and thus he posited his A + B theorem. You’re rediscovering Social Credit Dr. Keen, and I’m not going to allow you to avoid crediting Douglas for having come to the same conclusions 90+ years before you.

My book Wisdomics/Gracenomics is an exegesis of the main philosophical concept underlying Social Credit, namely Grace. I have discovered that an aspect or two of same is also the basic concept of the leading edge theories/reform movements like yourself, Ellen Brown’s Public Banking and Positive Money. It is the philosophical concept I claimed was necessary on your Debt Watch site, and the basis for the new philosophy you said New Keynesians needed.

My book however goes even farther and deeper than Social Credit’s cost accounting flaw in pin pointing the actual cause of the economy’s problems by integrating the laws of thermo-dynamics into theory, and also integrates Austrian theory into the solution by showing that the discount mechanism of Social Credit must be macro-economically deflationary if it is to truly stabilize modern technologically advanced economies.

POSTED TO ELLEN BROWN’S FORUM 04/17/2016

Yes, the concept of monetary grace as in gifting is beginning to become a conscious idea in the world. And that is how a basic income guarantee must be funded…as a gift not via re-distributive taxation. And it also requires a retail discount mechanism, not because of some Social Credit dogma, but because with more money in the hands of everyone it is inevitable that businesses will inflate their prices. That, and does anyone here think that the Banks won’t try to foment inflation? Get real, of course they will. And when the basic income’s purchasing power is thus eroded where do you think they’ll point in accusation? That’s right, the basic income/dividend. It’ll be: “We told you all along that Social Credit and liberal ideas like an income guarantee were inflationary.”

The dividend/UBI and the retail discount INTERPENETRATE AND ENCOMPASS THE ENTIRE ECONOMY THROUGH TIME. They are the component parts and book end requirements for a stable economy. so lets integrate them into Public Banking as a structural and central banking concept….and finally win!

Wisdomic/Gracenomics:  Grace/Consciousness as in monetary free Gifting, Continual structural/temporal presence as in omni-presence, Directness as in  direct and immediate effect of policy on the individual and on the system,  Integrated as in combining  opposites, Integrative as in continually integrating, Concentrisism as in temporally all encompasing, Interpenetrativeness of flow as in continual inner saturation on every level and throughout the system(s) and through Time and Space of the beneficial effects of policy, Personal/experiential as in respecting the absolute ethical centrality of the individual and also continuous reaching to and touching the individual in a significant, (guarantee of survival) deep and resonant fashion, Freedom/freeing in every way, Refinement-Sanctification as in dedication to the purging of untruth, unworkabilities and inapplicabilities, Thrift as in conservation of resources, ecological sensitivity and the rational embrace of more abundant productivity via technological innovation and AI, i.e. doing more with less resources; Sovereign, hierarchical, centralized and yet benevolent, as in gracious, ethically intentioned and actual control as in start, change and stop, Nowness/Simultaneity/Unity as in complete integration/unitary oneness of cause and effect in the moment,  Integrated Newness of Flow as in the flow of completely integrated factors in each new moment/unit of Time, Full Flowing Consciousness of any Space and every unit of Time and anything perceived in each space and time as in Completeness and Wholeness, Superlativeness as in the best and highest of both economic/monetary and ethical standards, Fundamental  as in both basic and necessary, and also General as in without religious or sectarian bias, Granting of Beingness as in tolerance and understanding of imperfection  and yet continuous ethical urging and encouragement, and also intolerance of unethical behavior.

Steve Keen: Call for “a modern debt jubilee” is Grace/Consciousness as in free Gifting, (momentary/temporary) freedom/freeing from debt

Public Banking:  continual structural presence as in omni-presence,

Positive/Sovereign Money:  Sovereign creation of money

The concrete economic and monetary policy applications reflective of the integrated insights of the world’s major Wisdom-Ethical traditions. As lack of ethics is a chronic problem in economics and money systems, and as dominant economic and financial-monetary elites currently control those systems Wisdomics/Gracenomics is the most ethical and reasoned guide and resolution of those facts. Wisdomics/Gracenomics is not palliation of temporal power it is the policy means of supplanting and transforming it for the ethical, economic and monetary Good of the individual and the very survival of honest commercial entities in modern technologically advanced economies.

Not the half sleep that passes as such in everyday life. There are higher levels of consciousness and being aware of that fact is almost as important as attaining such levels, as such awareness is often a prelude to the decision to initiate the mental effort and discipline required to experience them.

This idea is absolutely outrageous theft. We must put a stake labeled individual monetary grace as in the free gift through the heart of the Banks’ dominant paradigm of Debt and Loan only, and then have a Banking system based on Grace as in benevolent sovereign power and control to keep such from ever rising again.