Me:  Yes, the Chinese have what the MMTers and Positive Money people think is the answer…sovereign creation and destruction of money. But that’s not enough both because costs exceed individual incomes as a flow and because elites can never be trusted with power…..unless policies that are the definition of individual and systemic freedom…are mandated by a constitutionally approved and arms length agency.

Marie:  Steve,

Me:   Marie,

Yes there were a lot of ideas scrunched into that paragraph, but if you got the integrative overall picture of it, it was actually just a realistic and comprehensive look at money, governments and history.

I’m not disagreeing that China’s and perhaps to a lesser degree Japan’s Banking system is much more pragmatic and flexible than western finance. Nor am I ignoring the problems China faces in trying to keep itself from fracturing into many fiefdoms, but power will always tends to corrupt. That’s why you have to put power into “the many hands of the individual. China has Social Credit….for the government and its Banking system. We must have Social Credit and a Tri-level Banking system…for the individual. And if we don’t get together in a mass movement and go for an actual and complete solution to our problems, then ignorance and unconsciousness of what the economy’s deepest problems are combined with rapidly disruptive innovation and AI are going to make it exceedingly easy for power to be the major consideration…instead of individual freedom and systemic free flowingness…which of course it should be.

Philosophy can be a confusing and apparently contradictory pursuit unless Wisdom and its pinnacle concept/experience is its aim. In philosophy one thing eventually appears to be another unless you include within the pursuit of knowledge a dedication to inner and outer truth and the best application of what actually works in the world we all live in. Wisdom is integration, continuous integrating of whatever one is thinking about or doing. Integration must be distinguished from compromise as in the combination of truths and untruths, workabilities and unworkabilities, applicabilities and inapplicabilities and finally, and most subtely and importantly, equivocation with basic ethical considerations like does it allow an actually enslaving condition to persist instead of terminatedly resolving it….which of course is the correct and ethical thing to do in response to slavery.

But back to the apparentcy of “talking out of both sides of one’s mouth”. Wisdom is the correct and ethical combination. In order to combine you have to have at least two ideas/theories/intentions that more often than not appear to be completely opposed to each other…..but only so as to come up with an actually third idea, theory and/or intention that is a more ethical and unified whole. So philosophy without a third and ascendant objective is nonsense and equivocation, but Wisdom (the combining of two apparently opposing ideas) with a third more truthful, workable, applicable and ethically ascendant objective is the pursuit of what every one of the world’s major wisdom traditions points at…..the unifying and resolving state/condition of Grace/graciousness.

http://www.bbc.com/news/business-35418946?SThisFB

Steve Keen is correct of course that people need debt forgiveness, and that the economy will not actually fully recover before that and other policy measures are taken to create an economy that naturally flows with abundance for all. I’ve posted on his sites and others for years to this effect. In fact after I started saying that economics needed a new philosophy on his site 3-4 years ago…he took up that banner also. Steve Keen is probably the smartest and most insightful economist on the planet, but he still has not recognized the deeper concept utterly relevant to economics and money systems…and human beings. He and all of the leading edge reformers and reform movements today deal with an aspect or aspects of this deeper concept which I dealt with in my first book Money and Wisdom: The Way Out, The Way Home, and will be elaborated on in in my second one soon to be published.

“Quantum Chaos” is actually the higher order mental equilibrium of constant change/flow reflective of Grace/Self Awareness/Consciousness.

This is interpreted as chaos by beings habituated to the temporal universe and its seeming random manifestation of both order and chaos and so it is grasp at/believed in by both the overly religious and the overly scientistic via some orthodox kind of logical order in order for it to be both decipherable and tolerable to them. By and large this is because they have not had an intense higher order experience of Self Awareness/Consciousness, or have had it in the midst of some personal unresolved problem and hence it becomes a very unsettling or even horrifying experience. 

The often staggeringly beneficial psychologically unencumbered state of intense Self Awareness/Conscious awareness of whatever is in the present time environment is simply a “tuning into” the Quantum Chaos…which isn’t chaos at all, but the underlying reality and conscious vector of the cosmos.

Now do I suggest that we can just let everything “go to pot” and not plan, prepare or look to discover anything because “its all good”? Of course not. We need the thorough integration of the two realities within which we must live, both as a living philosophy and as aligned policies within our various human systems…so we can have a third and unifying personal and temporal existence.

Even after and despite the Dividend and Discount momentarily equating individual incomes and prices the economic/productive system itself  still continues to create the unequal ratio between incomes and prices. Hence you need to create a dynamic proactive equilibrium that still fits seamlessly within profit making systems. So what do you do? You proactively reduce prices at retail sale….at a higher rate than the system is increasing them. In other words you consciously (and wisely) invert the disruptive process of the system. And so, instead of constantly fighting a nonsensical battle with numbers and only toward an orthodoxy of equilibrium, we all progress toward a more abundant, more profitable, much more democratic and wise economic and monetary future.

It is better to give than (merely) receive and receiving of course is good itself in all but the most broken and/or habitually austere and elicits a natural desire to return the gift with at least good will. Being gracious is its own reward because it reflects back at you from the receiver and if you look positively upon the giving….within yourself as well.  Economic and monetary scarcity (and actually scarcity of any sort) makes this somewhat more a task mentally and emotionally, but with practice opens up a whole new world of joy and continuing and increasing exchange of Grace/graciousness. Grace/graciousness in reality is its own reward, and as per above Bothness as in Reflectivity, Linkage, Integration, Simultaneity of Cause and Effect and Transformation/Transcendence of Ego.

So what kind of difference could the integration of abundant Grace/Gifting/Giving make in our economic and monetary systems where so much of our time and attention are currently focused?

Give/implement policies with conscious Grace which is Love in action/acting, and Grace/graciousness will immediately, rapidly and virally grow and spread.

Grace the antidote for ego, viral immunization against the scarcity mindset in the economic and monetary systems and hence the removal of the major remaining blockage to a sane and joyous civilization.

A Trinity-Unity is a complete Dualistic Integration resulting in a third and unified state of being/systemic condition.

Complete Integrations are generally if not always the result of the resolution of an individual’s/system’s most basic conflicts/problems/present primary paradigm and again result in a new third state/condition that is a more unified whole.

Integration is sufficient combination of Truth(s), Workabilities, Applicabilities and Ethical Considerations to result in a transformational personal state or change in systemic condition.

Compromise is inclusion of truth(s) and untruth(s), workabilities and unworkabilities and applicabilities and inapplicabilities to the extent that contention and very little progress (and more often than not regression) is the inevitable result.

Compromise and/or incomplete integrations are at best reforms which cannot be a transformation.

Aspects

Pinnacle of Wisdom, Epitome of Individual Freedom and Power and Guarantor of Ethically Inclusive Systemic Flow

The top two states of Being that an individual can attain are Knowing something….and Not knowing/Unknowing it.  Likewise the digital nature of Debt is an amount and an equal amount that will make it completely disappear/become unknown. The same holds true for money as a call for goods and services where you have a price that is liquidated/unknown by a correspondingly equal amount of money. All of these perfectly and completely reflect each other and also reflect a state of equilibrium which is the classical goal of economics. This digital Dualistic integrated equilibrium is also reflective of the process of acquiring Wisdom which is the integration of apparently opposing truth(s) which then results in a third and more unified state of being/temporal condition. The only thing that needs to occur after an economic equilibrium is…a vector/thrust toward disequilibrium, in other words economically and financially….the action of creating Debt. Banking is happy to accommodate this of course. The problem however is…that highly mechanized, technologically advanced capital intensive economies left to their own unfettered operation….in order to replace such capital goods…. create more costs and hence prices as a flow than individual incomes with which to liquidate these ADDITIONAL costs. Until Banking is completely eliminated as a business model by artificial intelligence its function in the economy will be structurally and temporally necessary. However, presently, the problem is that the self interested Private Banking model enjoys restrictive and monopolistic control on the kind of financial vehicle available to the individual, namely loans only, which add costs to already additional costs that must be liquidated…by already scarce individual incomes.  The resolution of this is the granting of a supplementary Gift of money directly to the individual and a rebated back to merchant’s discounts to their retail sales.

Now as innovation and AI are rapidly, disruptively and acceleratingly destroying aggregate individual incomes, and as a present middle class and so relatively satisfactory level of individual income in advanced economies is in the range of $1500-2000/mo., the combined guaranteed purchasing power of the individual from these two mechanisms needs to be in that range immediately and not lowered until costs/inefficiencies are concomitantly reduced as well. As an economic equilibrium can be established and maintained at virtually any level of income with the dual and equilibrating mechanisms of a Dividend to the individual and a Discount to retail prices…this middle class standard of income is the most democratic, most workable and wisely adequate and equitable way to begin and progress with such policies. An abundant capability to produce needs a reflectively abundant means of consuming that production.

As the Discount mechanism is tied to retail sale where all costs for any product or service is terminally summed there is no possibility that any prior agent can be harmed by such mechanism, and it also utterly links any money rebated back to the retail merchant to an actual purchase thus the classic definition of monetary inflation of too much money chasing too little goods is avoided and rendered irrelevant.

Finally, as Gifting is a loving action, and Gifting/Monetary Grace as in the free gift is reflective of this continuing process , such love and graciousness as policy….seems to be not only logically and ethically consistent with the resolution of the most basic problems of modern economies…but reflective of the pinnacle of Wisdom pointed at by all of the world’s major wisdom traditions namely a state of Grace which is Love in action.