Complexity theory is really just the fuzzy end of empiricism, the two of which form a Duality which integrated will result in Trinity-Unity…and conclude the same thing as Wisdom has for the last 5-6000 yrs. …that being, that individual and systemic Grace/graciousness and hence balance, equilibrium and flow is the missing paradigm….and policies reflecting that are therefore the only true solution to their inherent problems.

If one distinguishes between total INDIVIDUAL incomes created and total costs/prices created BY BUSINESSES, the latter being always subject to the additional expenses of normal operations, and then realize that this unequal ratio is a simultaneously created one that persists moment to moment and through time…it becomes more apparent that A + B is the actual and ongoing state of the economy. It is its most fundamental monetary and economic condition. It is the Leviathan which can only be countered by monetary grace the free and costless/non-price increasing gift.

As the libertarians like to say “There ain’t no free lunch.” (which they curiously put forth as a worthy insight and justification of austerity), and in fact your lunch is moldering away (depreciation) being stomped on (wasted), destroyed (bank extinguishment of money) and/or stashed away/converted (re-investments, profits and savings) by the ants, squirrels, bears and vultures.

Lord John Russell (c. 1850) “A proverb is the wit of one, and the wisdom of many.”

Get knowledge, get wisdom, get understanding.

Star Trek episode where Kirk was present, but no one could touch/see/ him…..and analogously economically we can’t and don’t actually have the money available to spend.

The economy/commerce itself is a system entirely embedded in the flow of time and hence, due to the elongation of the productive/economic process and also the fact of the flow of the unequal ratio of costs/prices and individual incomes simultaneously created, there is thus imposed a continual time lag/out of phaseness in each present moment of time within which that unequal ratio of costs/prices and individual incomes is the economic and monetary reality, a continual disequilibrium. Keynesian stimulus palliates this condition, but can never resolve it because such stimulus enters into the economy and therefore re-initiates that time lag/out of phaseness. Only a direct gift can resolve it. Monetary grace the free and costless, non-price increasing, actually price deflationary gift in the forms of a universal dividend and a rebated back to the merchants who give it, macro-economic discount to retail prices.

Anti-semitism is BS. The “Jewish problem” is the human problem that unconsciously rejects/refuses to look at the fact that Wisdom, i.e. the mindset of Trinity-Unity (three in one wholism) is actually the psychological integration of monotheistic Judaism and Christian Trinitarianism. Manyness and oneness are themes in all of the world’s genuine Wisdom traditions. Economically, the mindset that economics is and must ONLY BE “this for that” is the paradigmatic imbalance we are currently dealing with. Balance that with monetary grace as in the free gift of money and the equally gracious rebating back to merchants of a macro-economically derived retail discount…and the system will indeed finally operate as theorists only dream and/or pretend it does now….and the sum of such integration of Debt and monetary grace will be a genuine third and unifying system that serves humanity instead of demanding that humanity slavishly serve it.

That’s where Social Credit, monetary grace the free gift, is headed. When C. H. Douglas conceived of it , it was already almost 2000 years old. It was just that it was only in the religious/spiritual sphere of human existence. Of course that was the clue that it was headed for wider and wider application because the world is ruled by ideas and ideas are naturally metaphysical “things”.  That is really our dual purpose now. Make monetary grace the free gift the necessary economic purpose. And all of the natural (and supposedly) scientific thinking that might mistakenly oppose us can’t win. Why? Because they are us, and we are them…and more! Try as they might, believers in only natural ideas will never overcome natural metaphysics. Why? Because natural metaphysics exist! Natural thoughts and metaphysical thoughts will bump up against each other and yell at each other and probably still get all pissed off at each other until…they say, “Yeah, you’re right…there’s truth in both nature and metaphysics and so we ought to integrate those truths..(but only those truths because that is what an integration actually is)…and have a unified higher, larger, more graciously individually free, more systemically free flowing and more elegant and beautiful existence….why did we fight so much in the first place?”  And then the next step will be to recognize that Grace, being freedom and free flowingness enables more time and activity that is broader and more inclusive of other activities. Not that all activities that are ethical aren’t pleasant and good, but more of more that is good….is better….and the freedom to do more is good and better also. That is when monetary grace the free gift will be the primary economic paradigm. And the thing to then do will be to think about how do I deal with….all of this freedom. And since Grace is Bothness integrated we’ll just have to focus on consciously integrating and enjoying both the freedom not to act and the freedom…to do whatever we choose to do. 

Social Credit isn’t the only solution in economics…just the primary one. The one which will transform the economy and economic theory. The one must urgently necessary to be resolved…if we are to avoid either ecological disaster and/or war in an era of modern weaponry. And economists can’t seem to muster the scientific rigor or the contemplative wisdom in order to perceive it. Instead they are off into a myriad of other lesser problems, false orthodoxies and/or propitiations of their primary employer….finance. Wisdom….the modern world lacks it and often even thinks it is something worthless, something to be ignored or invalidated. It’s a funny and folly filled world.

I’m all for returning the money used to purchase government bonds back to those who bought them. It’s money that already exists so who is harmed. Let them invest it in something other than debt. In fact I think there should be a high rate of taxation on capital gains from bonds to discourage investing in merely debt securities. All it does is encourage an economic vice (hoarding savings) that removes large amounts of money from the circular flow of the economy compared to the interest paid (especially now with treasuries at historic lows). Better that it should be invested in some traditionally productive enterprise. And yes, there is a stock bubble, but if there was actually enough individual income to purchase production (think dividend) corporations wouldn’t have to issue nearly so much stock in order to survive and profit. And if they could sell there products and services for a 40-50% discount and still make more profit than they ever had before they’d have a lot less need to borrow as well. Same for individuals, with the dividend and discount they’d have to borrow less, own what they borrowed for much more quickly and cheaply instead of being nothing but debt slaves all their lives.

Regardless, as Steve Keen correctly points out the real problem is private debt not government debt. Government debt is largely a political football issue for pols to use to attempt to get elected…and then do nothing about it, all the time distracting the populace from the bigger problem of private debt. As I just pointed out the way to reduce and eventually eliminate private debt is to implement the dividend and discount mechanisms that would actually solve the private debt problem. And structural Public Banks as a competitive balance to private finance and a central public bank that calculated and distributed the dividend and discount monies…are exactly the entities and governmental agencies needed to enact such individually freeing and systemically free flowing policies.

You do realize that a DSGE economist could latch onto the policies of a universal dividend and a macro derived retail discount to prices that is rebated back to merchants, and call it The New and Actual Neo-Classical Synthesis don’t you? And in so doing, not only make the world forget all of your hard mental work de-bunking DSGE, but also probably steal a well deserved Nobel from both you…and posthumously C. H. Douglas.