Love is so much more powerful as a verb than as a noun.  The one is static and motionless, the other is dynamic and operates in space and through time. One an idea, the other a powerful experience for Good. Learn Love and practice Loving…and Grace will be the result.

Money is basically an idea and its accounting.

Economics is the temporal/entropic and human system of allocating money and resources.

To be truly and fully human one must have Ethics which is conscious awareness of and sensitivity to what is highest/best IN both Self and the Other, and since economics is a human system it must therefore be concerned with and aligned with such an ethic.

Wisdom is both the mental process of integration and the result of that process.

Love is the highest ethic and ideal state of being.

Grace is the highest concept and ideal of Wisdom, is both integration and continual integrating at the same time and thus is Love in action, in other words Grace is a state of flow of the highest Wisdom, Love in action, through time and space.

Grace/Love in action is the highest, broadest, deepest and most ethical purpose internally and/or externally.

Love is the experience of consciousness itself and Grace is continuous consciousness of consciousness which is Love in Action.

Grace/Love in action is bothness integrated, bothness/andness/oneness, transformation, encompassment, interpenetrativeness and balance, equilibrium and flow…among many other things and states of being and becoming.

Profit, power and control are all legitimate purposes in and of themselves, but they are poor and inevitably failing primary purposes.

A new philosophy and policies reflecting the various aspects of the concept of Grace/Love in action is the new paradigm for economics and money systems.

A large part of the confusion in economics is accounting is not an integral part of an economics education, and accountants are as well not aware of/do think about the macro-economic significance of their own data and hence neither is aware of the significance of their respective disciplines.

Consequently macro-economists are off in some abstract fantasy land that omits/misses absolutely important accounting data and economic significance, and accountants daily manipulate the same data and significances unaware that the metric that dis-equilibrates the entire economy is right in front of them. Even businessmen, caught up in the activities and problems they face, are not aware of accounting and its macro-economic significance.

Making both general accounting and cost accounting an integral part of a business and macro-economic study  is essential if clarity is to ever come to economics.

Grace as an underlying and interpenetrating attitude/experience/character trait changes everything in an individual’s life. This is because it is in fact such a basic, elemental, underlying and interpenetrating reality which tapped into has exactly its described linguistic and psychological effects. That is simply it’s nature. It is Wisdom’s pinnacle experience and ability, the answer to the deepest personal questions and the most thorny systemic problems, and it exists! Seek it, contemplate its aspects and live it…and you will be free, powerful, ethical and satisfied.

Integrate monetary Grace as in Gifting into the economy with an ongoing universal Dividend distributed directly to the individual, and a discount to prices at the terminal end of the productive process, that is at retail sale, and you will equilibrate the economy’s most basic disequilibrium.

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Create a Tri-Level Banking and Financial system with:

A. a sovereign central bank whose primary and controlling concept again is Grace as in benevolent, gracious and yet undoubtedly in control of the original creation of money and the ethical distribution of it to individuals as per above, to state and local governments and to commercial entities and individuals via loans by a

B. Public Banking structure which is also guided by the concept of Grace as in prudent and virtuous purposes, has rigorous underwriting standards and whose profits after payment to employees is returned to the government general fund or distributed back to individuals

C.  Private Banking that can aggregate and intermediate only funds that have already been earned/saved and yet cannot leverage such funds up as this would be the sole responsibility of the sovereign central bank.

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Align any regulatory policies with Grace as in integrity and wholeness of the entire system as well as Grace as in consideration for both the individual and the ethical business entities who show their good will and gracious appreciation for a system that actually frees the individual and creates an economy that truly is able to flow freely.

Structurally there would need be little other change as Grace as in transformation…truly is a transformational concept.

Whoa freddy, we’re all narcissists to one degree or another unless or until we do the required inner work to resolve and unify it. Anyone seeking political power you can be assured has plenty of it. YOU are the one showing your conservative/libertarian trollishness.

I’m the only one here who has advocated integrating Wisdom into economic and monetary theory for the last 8-10 years which is the only way to resolve its problems and our personal problems as well.

IMO there is no way to effectively fix the system without a simultaneous implementation of both the dividend and discount. Without a costless gift of money going directlt to the individual the scarcity of such will not resolve, and without a retail price discount the naturally upward tendency in profit making systems will result in inflation. Guys like Steve Keen and movements like MMT come up with correct insights about the economy, but their abstractions lose track of concrete temporal possibilities/inevitabilities. Wisdom is the complete integration of thought and action, philosophy and policy and as Social Credit is based on the pinnacle concept of Wisdom, namely grace as in free gifting its policies look at and handle both the inner and outer truths, workabilities and ethical necessities to resolve the actual problem.

Stuart,

The political problems you refer to are completely real, and Bernie is correct that it will take a new coalition of constituencies and/or an integration of them in order to accomplish new policy. However, the even deeper problem we face is finding an economic and monetary solution that actually works….and no politician has a clue as to what such solution is….because they are all dualistically stuck fighting over whether it is capitalism or socialism when a third unified integration of them is what is required, namely a Social Credit/Wisdomics/Gracenomics whose new Distributive paradigm of individual and systemic monetary grace as in gifting….goes to the heart of the problem and resolves it.

I admire Bernie’s “fire in the belly” and would prefer him over Hilary, but socialism is not the economic or monetary solution any more than neo-classical socialism lite (Clintonism) or Finance Capitalism is. None of these current theories is up to a solution because they miss BOTH the underlying scarcity of individual incomes in ratio to costs/prices AND policies that DIRECTLY resolve them.

Let’s go for a solution, not just another “can kicking” palliative/half solution.