Bill,

Yes, maybe I should restate what I actually think and believe. I believe economists are missing data that would clarify the two major problems afflicting modern technologically advanced economies, namely chronic scarcity of individual incomes and inflation that lead to those economy’s instability. They are missing it because they are simply not looking in the correct place where that data can be garnered and calculus applied to it in order to see its dynamic systemic destabilizing effects. Deciphering this would make clear the policies necessary to stabilize the system. All of the current cutting edge research and theories align with and are converging on the philosophy and policies of the new theory and paradigm that I hope economic theory is awakening to. For instance General Disequilibrium/Flux/Process (Steve Keen) instead of General Equilibrium, monetary addition/abundance (MMT) instead of monetary scarcity/austerity/subtraction, both structural and central (Public Banking) instead of the hiding in plain sight 800 pound monopolistic gorilla of Private Finance and finally integrating individual and systemic monetary grace/Gifting into profit making systems instead of always being “behind the curve” of the increasingly disruptive effects on aggregate individual incomes due to the logics of efficiency that drive and dictate profit making systems, technological innovation and AI.

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Alan,
“The only relevance between Quantum theory and economics is that economists have hijacked some of the maths in an attempt to validate their scientism – it’s not fooling me though.”

Yes, I completely agree with this. Scientism is really just the flip side of religiosity. I recommend a paraphrase of the well known zen koan: What is the sound of scientism and religiosity clapping?

The way it governs orthodoxies on both sides of the Duality hence preventing either one from claiming ultimate reality, and its third and unifying paradigm which indeed does integrate, expand and/or complete those mutual orthodoxies.

All of the delusive thinking and consciously bought regressive monopolistic forces come out at times like the 30’s and like now. They were wrong then, they are wrong now. OMF is enlightened….as far as it goes. It’s only real problem is it only goes from private finance….to public finance. It needs to be extended all the way to the individual. That doesn’t mean the government can’t additionally fund infrastructure etc. Of course it can, and of course it should…with reasonably prudent overseeing so that we don’t end up building thousands of “bridges to no where” and also don’t end up with 5 powers with armies and navies the size of the US.

I know you desire not to have a discussion of Social Credit here Bill, but the relevance of facts like C. H. Douglas’s speaking tour of Japan in 1929 which was enthusiastically received if fascistically twisted by the imperialistic/militaristic forces there….cannot be ignored.

You are correct to point out that hyper-inflation is not a credible critique as it requires a compliant central bank to lend to speculators so that they can short the currency and destroy it as was the case in Weimar. And you are also correct in saying that inflation was not a significant factor in Japan as well, but that was mostly because the war was on and war is always “good business.” Inflation however would have and will occur because….who and what is to stop businesses from raising their prices as they see demand rising? The situation cries out for a macro-economic policy like a rebated back to participating merchants retail discount to the consumer. If you don’t do that the regressive and monopolistic financial powers and their austerian lackeys will (correctly) carp on and on about 3-5% inflation until OMF is politically reversed. Put sufficient dividend and macro discount mechanisms in there and drive a stake through the heart of the 5000 year old problematic business model of private finance…once and for all.

Study and contemplate the aspects of the natural experience of Grace.  The definition and most basic component parts of the natural experience of Grace are: Space, Time and Self Awareness.

Thus Grace is or is an essential and actual component part of….everything and everyone….your self included.

Contemplating Grace is the naturalization of spirituality and the re-sacralization of nature….at the same time….if one avoids the pitfalls of religiosity. This is because the experience of Grace is the ultimate integration above.

We are economically and monetarily enslaved. There must not be any doubt about this. Unfortunately the systems involved are so complex and so suavely able to disguise the fact that a great deal of sophistry and delusion have built up around them and been used to justify the slavery as inevitable and/or claim that it is indeed…freedom. All dualistic argumentation is ultimately vanity. However, integration of dualities is Wisdom and the end result of continuous economic and monetary integration is the concept and/or natural experience of Grace as in micro-economic flow, macro-economic free flowingness and individual economic and monetary freedom. That is a trinity-unity of freedom and flow. Thirdness and oneness are essential understandings regarding, and the very signature of, freedom and flow, and mere un-integrated dualism is the signature of continual contention. Therefore endlessly debating whether or not the system is enslaving is failure, and deciding to actively create freedom via a philosophy of Grace as per above, and its aligned policies…is the answer. Action to effect immanent and actual freedom for all agents and individuals and thus for the system is therefore the necessary…now.

Capitalism is the social system that places capital above the individual, and Socialism is the social system that places government above the individual. Distributism is the system that considers the individual and his/her freedom first and places them above but within a system of profit.

Scarcity as monetary and economic policy is so patently absurd, such an ossified orthodoxy and so obviously the self interested policy of the Banking and Financial systems that we should call for mass rallies of uproarious and derisive laughter as a tactic of un-hypnotizing neo-liberal economists and awakening and emboldening the mass of the populace to the necessity of change. Wisdom is integration and the integrative process, and Flow is simply continuous integration. Let us integrate more abundant monetary and economic policies into our theorizing. I do not see how we could go wrong by doing so.

Responce to Simonsky

All present theories have particles of truth and untruth in them as well as false or outmoded orthodoxies, gaps in their observations/theories and biases whether conscious or unconscious. The more they integrate the more comprehensive, accurate and whole they are. Wisdomics/Gracenomics is the most integrated of all of them.

Austrian-Libertartianism is predicated on letting the economy alone as if it were God which is merely an orthodoxy.

All Neo-liberal economic and monetary theory is predicated on General Equilibrium which is also merely and orthodoxy.

All Disequilibrium economic theory or Modern Monetary Theory is predicated on the Banks still having final control of credit creation, and also still cling to orthodoxies regarding employment as a problem.

Public Banking and Positive Money do not account for the scarcity of individual incomes as a flow being less than the flow of costs/prices. .

None of the above includes a discount mechanism so as to handle inflation and actually positively create deflation within a profit making system.

Social Credit still has orthodoxies that most of its adherents cling to whether they be inconsequential pre-scientific religious biases or dangerous ones like not recognizing that the powers of money creation must be taken away from Private Banking or orthodoxies about there needing to be a specific set level of dividend payment and discount percentage when there are multiple and very flexible levels of each. The only truly important factor is that the combination of the two policy mechanisms of Social Credit actually and immanently create a satisfactory level of economic freedom and abundance to prevent anyone from considering themselves a second class citizen. This is a policy of Wisdomic/Gracenomics.

Wisdomics/Gracenomics has all of the necessary aspects of resolving the problem and none of the mereness, gaps in theory, biases or conscious or unconscious adherence to orthodoxies….and it also is a natural philosophy of spirituality and consciousness so it has transcended transcendentalism and yet simultaneously includes  it….because Wisdom embraces integrated Bothness (Duality) and Grace embraces and is integrated Bothness (Duality) and Andness-Oneness (addition and wholeness i.e. Trinity-Unity).

The Cosmic Code applies to all human systems, particularly the economic, financial and monetary systems.

The Cosmic Code:  2 Within 3 Within 1

{ [ (A X B) X C ] } = 1

(A X B) = 2 (Duality)

[ (A X B) X C ] = 3 (Trinity)

{ [ (A X B) X C ] } = 1 (Unity-Oneness)

Me:  I’m liking and re-affirming my appreciation for the mentioning of “a national dividend”. Repetition, like number of times over the lesson in education, is one of the best and most basic routes to an idea “sticking” in the minds of learners.

I also like Matt Stannard’s puncturing of Neo-liberal economics’ thinking that postal/public banking is anti-competitive. Finance needs to be a public utility. What public utilities need is the guidance of the ethic and paradigm of natural Grace….as does any human activity.

Ellen Brown:  Yep repetition is what we do. Same message and moral, every show and article! First they laugh, then they fight you, then they say “that’s what I said all along.”

Me:  Yep, yep, yep! And the corollary, when you know something is basically and yet also inclusively right….ignoring the critics, the advocates of less inclusive orthodoxies and the bought and sold….is actually the correct thing to do.