Georgism is a legitimate economic insight, but partial assessment of the problem in that it is a about only a diminution of money that contributes to the disequilibrating gap between individual incomes and costs/prices created by the system which labors under the flawed cost accounting convention which says all costs must go into price….despite the fact that such diminutions (and also additional costs) create the above most basic disequilibrium as a flow.

MMT has insight about money as well, but it is basically Social Credit for the government. What we need is actual Social Credit which resolves the “Gap” problem for both the system (private and governmental) AND the individual.

I applaud your use of the words “direct” and “to the individual’s bank account”. You’re getting closer and closer. Aspects of the word and concept of grace are direct as in personal, now as in immediate, free flowing as in a continuous flow of nownesses, freely and costlessly granted by the King as in a gift, able to add to (individual incomes) or subtract from/cancel (retail prices) as in the digital nature of the money system, equal as in democratic and equalizing as in correcting an inequality and finally, the aspect of simultaneity of two or more things that may inherently not be in equilibrium as in total individual incomes and total consumer prices. Perhaps you could put aside your detestations of my boorishness and consider that policies that reflected these might be workable and applicable to economics.

Keeping the Dividend in place at a level of say $1500/mo for everyone 18 and older, and then immediately reduce/re-compensate merchants for their discounts on all retail products including mortgages and consumer loans for “big ticket” items like autos at a rate of 50%.  Then require the Banks to  convert all but say a 30% of the reduced principle one time fee amortized for the duration of the loan instead of the compound interest they currently charge. A 30 year $200k loan at 5% costs $181,511 in interest and a payment of $1073.64 per month. Compare that to a $260k loan at 0%  with a payment of $722.33/mo.

The one thing current economic theories never get around to actually doing is crafting policies that directly, immediately and so effectively free both the individual and the system from the dominating monopoly powers of Banking/Finance. As David Graeber has shown Banking/Finance has been a problematic business model for over 5000 years. Isn’t it about time we terminatedly dealt with it in a fashion that both retains profit making systems and utilizes the digital/creditary nature of the money system itself to reverse that dominance and in so doing create a system that is actually free and benefits all??? If we don’t do so then all of the mathematical calculations, argumentation and indignation will be in vain…as domination by the idea and paradigm of Debt will remain.

Additionally posted to Ellen Brown’s forum:

Politics is poor and distracting theater, and both capitalism and socialism are inadequate to the task of freeing both the individual and all other business models from Finance’s paradigm of Debt ONLY.

A mass social movement based on an integration of Public Banking and Social Credit is necessary to extricate ourselves from the suave enslavement every individual and every other business model than Finance/Banking currently and unnecessarily suffers from.

Bothness/Andness describes an integrated Duality Within a Trinity Which is Also a Unity/Wholeness

[ ( 1 X 1 ) X  1 an aspect of Grace which is the quintessential Trinity itself ]  = 3 valid realities that are also a wholeness of all three

If Reality were only a Bothness-Duality then there would be reason to believe either science or religion were the ultimate reality. Fortunately it is BOTH of them integrated AND a Trinitarian third more subtle and yet more omnipresent and interpenetrating reality of Grace/Consciousness itself  which describes the three in oneness of Trinity completely, as the concept/experience of Grace is actually a Trinity itself [ (Space X Time) X Self Awareness ] which is even further able to be integrated into the oneness of Consciousness itself.

The beauty and efficacy of  the Wisdom/Grace/Consciousness/Cosmic Code expressed above is that it is beyond grasping and holding onto-ness which is what turns truth into orthodoxy, and instead embraces continuous flow/process itself as an ethic….and yet which ethic includes, is tolerant of and so also embraces duality as in opposition and holding onto-ness as well…..in an all encompassing concept and understanding.

Guys like Steve Keen are a mixed bag of orthodoxy and iconoclasm. He wades through this mountain of data and mathematical equations disproving DSGE (Dynamic Stochastic General Equilibrium) theory and yet cannot bring himself to look directly at the cost accounting datums which if understood as a flow of additional and related costs would prove the Social Credit insight. Orthodoxy blinds. Missing that insight would be kind of pitiful, if it weren’t so inevitably chaotic and destructive. He actually calls for “a new paradigm” and yet the best he can do is tweak Keynes which is only a palliative not an actual solution primarily because Keynesian stimulus still goes into and through the economy that initiates the deepest problem which is that the economy/the workings of commerce itself create a scarcity of individual incomes in ratio to total costs and so prices…as a moment to moment flow through time. He just doesn’t look at the data and do the calculus. And so he settles for reform, for half measures and for orthodoxy instead of recognizing that a new paradigm always, ALWAYS appears absurd and the complete opposite of what theoretical orthodoxy and the present powers that be think (or want others to contemplate) of as a solution. Keynesian stimulus is once removed from the actual solution in that such stimulus goes directly into the economy via some enterprise before it can become ACTUAL INDIVIDUAL income. Thus it cannot approach or attain equilibrium. The solution is a direct and free as in a gift of income to the individual….because its the only valid way that total individual incomes can increase and attain equality with total costs/prices….without incurring an additional cost to either the individual or the system…which is already unbalanced by an excess of costs and so prices. That scarcity ratio is so simple and so a part of our everyday thinking it eludes both the erudite and uninformed. Meanwhile the glaringly theoretical contradictory monopoly on credit creation, claim to ownership of same and even more deeply THE IDEA, THE PARADIGM of Debt ONLY for consumption, that is, the idea that money for consumption can only be distributed as a loan and NEVER as a gift even though the system already creates more costs/prices than individual incomes. Its an arbitrary, empirically batty and dominatingly self interested paradigmatic power that the 800 trillion dollar gorilla of Finance forces upon every other business model and every individual in the economy….because economists can’t see clear to balance it with policies that reflect the new and increasingly necessary paradigm of grace/gifting for consumer finance.

And nothing else, no other idea/paradigm will break up that present monopoly paradigm. Rational, ethical and gracious structures and regulations are important, even after a transformation, but ideas and paradigms rule minds and societies…and the present paradigm’s rule will never end until it is replaced as the new and primary one of monetary grace/gifting.

Systemically, a  (-)/scarcity of individual incomes in ratio to costs/prices is resolved by the direct application of a (+)/additional costless gift of income creating a digital monetary and economic equality/equilibrium/(0) of the two.

Likewise, macro-economically, a (+)/an excess of systemic costs/prices and the simultaneous diminutions of money from the circular flow of the economy is (-) reducible/cancellable via the macro-economic application of the percentage of the ratio of total of individual incomes actually available moment to moment over the total costs/prices of all production.  As any excess costs more than the amount of original financing are waste from a macro-economic perspective…the above reducible percentage to consumer prices could be large enough at the point of retail sale, along with the above policy of a universal dividend, to make the system flow freely….without the continual injection of consumer Debt and its large excess of additional costs.

Finally, as consumer finance is approximately 70+% of GDP the consumer financial market (and its additional costs) could then be made virtually unnecessary by the application of the above two policies. And again the resulting increase in individual incomes and reduction of debt service  would free both the individual and the entire system (Consumer finance would still remain an available option of course….and that would consequently have to modeled/considered) Basically individual income placed directly into the hands of individuals 18 years of age and over is swapped for an eqivalent amount in consumer loans at a rate that would insure a guaranteed middle class lifestyle…whether one worked or not. The result would be a leisure society where the individual had both the time and relative economic and monetary resources to pursue their own self chosen goals.

MMT is Social Credit for the government. Lets have MMT for the government and Social Credit whose policy effects penetrate all the way to the individual and also free the system to flow.

Parable of the River

The water is consciousness itself which encompasses all things/every reality within the flow of the river

Many times here I have mentioned how I admire Michael Hudson’s moral fortitude and financial insights. I remain an admirer. The same with Steve Keen whose iconoclasm I also greatly admire especially in view of the mountain of false theory and suave propaganda that justifies it. The truths they have uncovered are real, but all theories rise on what they discover and fall on what they miss, and neither has recognized that THE FLOW OF ADDITIONAL COSTS of the economic system, of which interest and financialization are a large part, are the factor they have missed. As Steve Keen has said in one of his most recent youtube videos: “the tendency of capitalism is up.” And he’s right, its just that he’s not completely right because he’s looking at ONLY the upward effects of monetary inflation/financialization and yet missing the subtle and underlying dynamically upward effects of cost inflation enforced by a rule that says all costs must go into price even though SYSTEMIC costs and so prices as a flow exceed the creation of SYSTEMIC individual incomes with which to liquidate those costs. And then they must recognize that the only valid economic solution to such an INHERENT systemic problem is monetary grace/a free gift of income that like a neutrino bypasses/COSTLESSLY passes through the problematic system and so BOTH frees/empowers the individual and enables the system to then flow.

The true scientist is willing to look at all relevant factors, confront their ACTUAL effects and integrate that knowledge, that truth, into their theories. Integrate truth, integrate truth, integrate truth(s) that must be the mantra.

Wisdom is an integrated Duality which results in an expansion/ascension of knowledge which is simultaneously a third Trinitarian reality and Unity of all factors.

[ (Mon.Inflation X Cost Inflation) X Mon. Grace/Gifting ] = Individual Freedom & Systemic Flow

X = an actual integration of truth(s)

( 1 X 1 ) = an integrated Duality

[ ( 1 X 1 ) X 1 ] = Integrative Trinitarian Unity/the whole truth