You use the power of creation and destruction in a digital monetary system and the paradigm of monetary gifting. That way you as a merchant can sell a $10 item for $5 after a retail discount and get $5 back that you discounted to the consumer for a total of $10 again. Voila!! The modern way to make Austrian deflationary economics actually work instead of being an impossibly onerous unworkable fantasy. I think that’s what I’ll start calling it.

John,
If you had a dividend approaching a middle class level of income, and a discount that actually resulted in substantial price deflation…..how much more profit would be available to business, how much less necessary borrowing by business and how much less borrowing by individuals in order to have a satisfactory middle class lifestyle would result? If you integrated price deflation into profit making systems it would reverse the entire entropic cost inflationary vector of the economy. Equilibrium of numbers is just another orthodoxy to get past.

Nature/The Temporal Universe Abhors Stasis/A Vacumn. Consequently simply equating an economy is doomed to defeat by the ever present and overwhelming forces of entropy and the laws of thermo-dynamics. Mere equilibration will always be “behind the curve”. The present system is cost inflationary due to a scarcity of individual incomes. Both sides of that ratio needs to be reversed so that there is an abundance of money/purchasing power from a dividend approaching middle class levels AND falling prices, i.e. price deflation via a retail discount. These policies together actually integrate non-entropy/Grace into the system and simultaneously reverse the entropic vector of the entire economy while also aligning it with the continuous change/process nature of the entropic/temporal universe.

Reflective Conscious Integration of one’s own awareness and the emanations of everything in the environment.  Objective/Integrative Processing.

Note:  Have people postulate that their awareness is much more focused, strong and powerful than the emanations from the environment they are integrating with, and direct their attention directly onto the present time environment via repetitive and specific sensory  perceptions that force them out of their minds and into and onto the present time environment.

If we would implement a discount to retail prices that created price deflation and then rebated the totality of an enterprise’s discounts back to them so that they were not harmed in any way….that would integrate Austrian deflationary policy into the system would it not? Monetary Grace as in reciprocal free gifting creates a steady and stabilizing flow of money to compensate for the costs of depreciation and for the disruptive loss of macro-economic aggregate incomes due to innovation and AI. Wisdomics/Gracenomics integrates Austrian theory seamlessly and painlessly into the money system and economy. You heard it here first.

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Ever rising costs due to depreciation that are not balanced by an additional supply of individual income…..will inevitably roll down hill and wreak havoc. Oh well, just implement a universal dividend to everyone 18 and over and a deflationary discount to retail prices and….stability and prosperity breaks out all over the place. Why allow the idiocy of socialism or the unnecessary pain of Austrian economics to be foisted on us? Just implement Wisdomics/Gracenomics instead and everyone is free and the system is free flowing.

I don’t have any objection to a better marketing strategy for the implementation of Social Credit….so long as the leadership remains consciously aware of the actual causes. That way the movement maintains an internal integrity and focus that guards against its leadership allowing itself to get “picked off” in undue compromises or power struggles and then the dynamism of the movement dissipates into nothingness. The forces we do battle with are very smart and will use every tactic in the book to remain in power.

The policies of Social Credit are actually one of the best political strategies possible. Why? Because they engage the monetary self interests of both small to medium sized businesses and every consumer. Now those are extremely large constituencies! That’s why I suggested we market both banking in the public interest and social credit there. If I may be so bold, that is the new Powell/Hummel memo.

Also, the policies of Social Credit (and of Wisdomics/Gracenomics) GUARANTEE that additional, increasingly abundant and/or potent credits are actually made available to the individual. We’re in a political revolution here, with the outsiders generating all the excitement. We just need an economic revolution to go with it.

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Ellen:  We’re in a political revolution here, with the outsiders generating all the excitement. We just need an economic revolution to go with it.

Me:   Yes, an awakening that the core problem is the entropic costs of depreciation etc. and the keystone obstacle to correcting that reality is a parasitical Banking system that is woefully economically inefficient and that blocks the new paradigm of monetary Gifting.

From the Blog:  Based on my analysis of Polanyi’s methodology, I have come to the conclusion that a radical economics textbook for the twenty first century can be based on a single CORE principle, which REVERSES conventional methodology. Conventional methodology, both heterodox and orthodox, considers economic theories to be a means to understanding economic events. INSTEAD, we should look at how theories emerged as people searched for explanations for emergent historical events.

My response:  How about the raised/actualized consciousness historical perspective? Over 2000 years ago the concept/experience of Grace evolved the Judaic legalism/formalism of its time. (Grace here is most basically consciousness/cognition itself…no matter who one cares to attribute its origin from, either God or one’s conscious Self.) Reflectively the concept of Grace as in the free monetary Gift integrated into the debt based monetary system is the only valid way to approach equilibrium in an economy inherently in a state of disequilibrium of total individual incomes and total costs and so prices, and increasingly so as the disruptive forces of innovation  and artificial intelligence pick up speed and further erode aggregate individual demand. As such, Economists are like Paul on the road to Damascus….and only one cognition away from economic transformation and redemption from otherwise inevitable collapse and likely a rhyming war in an era of modern weaponry.

As the experience of Grace is most basically the experience of consciousness and conscious recognition/cognition itself, no matter who one attributes its origin to either God or one’s Self, the following post and Latin phrase and biblical verse expresses just how unexpectedly close the Austrian economic perspective is to the Social Credit one.

As a little background to the post, Mish Shedlock has been unconsciously publishing data on his blog for years that tends to confirm the Social Credit insight, and likewise Steve Keen, who comes from an entirely opposite Post New Keynesian perspective, has been unconsciously re-discovering What Douglas said 90+ years ago, which proves one can actually miss reality and a conceptual truth no matter which apparently opposing perspective you come to it from.

And so the actual post:

You’re all such pitifully, right on the edge of cognition, nascent social crediters. And Wisdomics/Gracenomics is the one additional integration further of Social Credit and Austrian economics that will flip your minds back toward economic and ethical sanity. Yes, demon est deus inversus and “For yourselves know perfectly that the day of the Lord so cometh as a thief in the night.” I Thessalonians 5:2