Generally, economists do not make the necessary Integrations that economic theory needs to be truly whole, humane and functional…because they and everyone else lack clear reality on the natural and utterly integrated experience of Grace which not only effects personal Faith/Confidence, Hope and Love, but the ability to actually see the entirety of present time realities and evaluate them completely and honestly. 

The experience of Grace is the key to scientific breakthrough and cultural and personal evolution.

And Social Credit/Wisdomics/Gracenomics is the 96th Theses finger pointed directly at that fact. Let us have an economic transformation!

What is the zeitgeist of homo economicus, but the 21st century half brained, half baked, culturally hidebound and paltry extension of a viewpoint perhaps relevant to 14th century scarcity, lack of technological expertise and the puritan twisting of the glory and freedom of Grace into a scold to compel labor?

And Social Credit/Wisdomics/Gracenomics is the de-hypnotized coming into present time antidote of such distorted “reality” and the bringer of individual and systemic confidence, hope, leisure and conviviality. Let us have an awakening to present realities which enable the economic paradigm change that will further enable us the time and freedom for self development and the contemplation of complete realities!

Grace is essentially one’s own self awareness and/or your direct and intense awareness of that awareness. As you can be consciously aware of your self awareness and anything else you are experiencing, Grace then can be anything, any experience. And any experience, no matter whether it is something you have never experienced before at all, or something you have experienced thousands of times before…but not entirely consciously…becomes a completely new experience when your completely conscious awareness…experiences it. “Behold! All things are made new! That’s all as in ALL things, and all things are experienced only via one’s awareness of them. And conversely, nothing can be experienced except via one’s awareness…because if you were not aware of it…you wouldn’t be experiencing it.

Now take the fact that cost is never not an ever present factor in profit making economics both because economics is utterly embedded in the temporal  and physical universe and cost in a profit making economic system is what must be determined in order to determine whether or not a business is profitable and able to survive, and you can see that Cost is the temporal and physical universe complement to conscious awareness/the experience of Grace. Conscious awareness/Grace is free and a free gift, and Cost is Cost. In economics, if there is no balancing of Cost there can only be a build up of it until Cost overwhelms everything. Hence in economics and money systems there must be the freedom that a free gift bestows upon economic and money systems, and anything that presents itself as free and yet exacts an additional cost to a system where cost is already ever present…is not actually free, exacts a cost and cannot balance, equilibrate or free the economic and money systems from the tyrannical build up of ever present costs.

Yes, the inductive and deductive perspectives are two different methodologies…but their integration is also the signature of scientific and cultural breakthrough. Science is a mindset. Wisdom is the integrative process itself. Thus the integration of Science and Wisdom is very likely the route and the method we should be utilizing in economic research.

Economic theory’s biggest problem is its own mereness. Thus, in order for it to progress it must be integrated with another body of thought. Seeings how it has resisted such integration for such a long time and in view of the dangerous rhyming course of history making such integration very urgent, I suggest it be integrated with one of the peak experiences of one or more of the World’s Wisdom traditions. Why? Not in any way to attempt to establish some religious order, but rather to align its (economics’) thinking with policies that reflect both the Wisdom tradition’s peak experiences….and its own stated goals of balance, equilibrium, freedom and free flowingness. Any of the three peak experiences of Satori, Atman or Grace will fit that reflectivity bill quite nicely.

Again, the world is fragmented, increasingly in conflict with its neighbors and also with itself. It urgently needs economic policies that reflect and will effect balance, equilibrium, free flowingness and more freedom. And if I may further suggest the freedom reflective idea and policy of the free gift which indeed would bring not only equilibrium and free flowingness to an economy overwhelmed by debt, but also balance the unnaturally unbalanced and dominating paradigm of debt only which currently is enforced in consumer finance.

Urgency and the need to have balanced, stable and yet rapid change. Wisdom, the integrative process itself and also the product thereof…is precisely what economic theory and policy need.

In order for there to be an equilibrium of individual incomes and consumer prices, every cent of individual incomes by the vast majority, every cent of individual savings by every billionaire and otherwise wealthy individual and every cent of every business’s profit would have to be spent in every given period of time.  Now how absurdly unrealistic is that assumption? Throw in the laundry list of factors that are decreasing aggregate demand like global wage arbitrage, innovation and artificial intelligence on top of that and even the notion that a remote possibility of there being an equilibrium….does not pass the smell test. Not even the increasing amount of incomes generated by the nation being on a continual war footing is going to be able to accomplish such. Someone has to stand up to this absurdity and the monopoly on the loan only form of credit by the Financial system, and demand that individuals receive a free supplemental gift of income in addition to any money they make via work for pay. Wisdom and practicality must prevail!

Me: No Bob it doesn’t. The “Gap” consists of and is caused by more than just interest and profit. It also includes the time lag between savings and profit being re-invested….and actual individual incomes…becoming an actually created reality…and then that income is not equal to the total costs re-invested and needing to be liquidated anyway because the incomes paid to workers is not equal to the total paid to whatever construction company building such re-investment. (and of course not all savings or profits actually are re-invested and so that fact adds to the gap as well). It also does not account for the stupendous amount of economic sabotage that goes on continually and is simply accepted as the way things are (incomes paid for things not actually intended to be consumed….by anyone, think weapons manufacture, or for jobs which in many cases are completely superfluous, think many bureaucratic/executive jobs)….and yet that income STILL is not enough to fill the gap! And of course robotics is inevitably going to eliminate the very sizable total of those incomes….and so the gap is only going to increase.

Even if you socialize Banking, healthcare and energy the re-distribution of incomes necessary to guarantee a dignified and livable existence for the burgeoning unemployed inflicted upon the diminishing number of jobs rationally needed for those and all industries….simply will not add up to an equality.

The gap is real, its only going to get wider and its only actual solution is a supplemental, continuous periodic free gift of individual income and a discount to prices for the consumer. The system as it is has neither momentary nor continuing equality of individual incomes and prices that must be liquidated if the system is to have the possibility of equilibrium. It is entropic, increasingly entropic and REQUIRES a non-entropic solution. Hint: Grace is abundant and so is productive capability. Austerity and self denial are reflective of neither.

Bob

Me: And I think you mean that some production does not get purchased and thus does not circulate, but this is just another description of the income scarcity and wastage problems. Unfortunately both socialism and finance capitalism have poor histories. This is largely because both are “sticky wickets” that require more and more heavy handed regulations by either self interested financial or political elites and consequently fall further and further away from an actually free system. Social Credit’s mechanisms however, penetrating to the core of the problem, are able to give businesses sufficient demand and a non-intrusive choice that enables them to find their price first without manipulation and then rebates the discount back to the business as well, so its rationally a choice….they cannot refuse. In fact this freedom, freeness and free flowingness for both the individual AND the system is the very signature of Social Credit. Its policies THEMSELVES are freeing, and the basis for deciphering the amounts of those policies is mathematics and mathematical formulae…..not easily corrupted financial or political elites.

Freedom, the ethically correct consideration of the individual first and control by the many hands of individuals as well, are Social Credit’s three aces “in the hole”.

I suggest that the economic sphere lacks the insight to see into the areas beyond human profit seeking to fully understand the depth of the hole into which they are forcing all biology on the planet Earth. Astronomer, Rene Heller, writing in the Scientific American this month, suggests that the earth is a planet beyond its prime and that humanity should be looking for more stable “earth-like” habitable planets. I would suggest that this group has a pivotal role to play in helping humanity come to grips with how to make the best of the planetary system they find themselves part of before they go off looking for other worlds to devastate.

We must find a way to create the funds needed to allow individuals everywhere to engage in those maintenance activities needed to stabilize the area around them for the life that can exist there as well as their own sustenance. This is a very different model than either capitalistic success or simple social credit theories.
Alan Page

This is a timely corrective to much of the discussion on this list, which generally ignores the implications of the eco-crisis and resource scarcity for finance, while often advancing obscure utopian speculations. I have argued elsewhere (in my book The Ecology of Money: Debt, Growth, and Sustainability, out in paperback next month) that the prime engine of economic growth has been the institutionalization of a privatized usurious credit system, first in Britain in the eighteenth century, and subsequently worldwide. Once key sectors of the economy came to depend on usurious credit — what Alexander Hamilton called “the English system” — the compulsion to grow economically was built into the system. The result was a worldwide rampage of growth exploiting resources and labor to the point where we have exhausted the planet while concentrating obscene amounts of wealth and power in the hands of a small financial oligarchy. Having reached the limits of growth, this system is now in crisis. It will probably fall of its own internal contradictions. It’s hard to see how it can be reformed in the meantime. It is important, however, to realize the cause of the crisis, and to look at alternative, non-usurious financial systems, so that the survivors don’t make the same mistakes all over again. Any functional economy need finance, that is, credit, to fund future projects; that credit, however, has to be tied in to the ability to repay, and has to be free of usury, which I would define as any carrying charges for credit which exceed the replenishment of the resources consumed in spending the borrowed money.

Adrian Kuzminski

Me: I must correct the last two posts. The assumption is that Social Credit is a mere economic and financial reform when it is actually “the policy of a philosophy.” That makes that assumption in actual fact a false economic projection onto a Wisdom tradition. Did C. H. Douglas conceive and propose Social Credit so that we could all have 3 boats and 5 jet skis? Hardly. This is a direct quote:

“Systems were made for men, and not men for systems, and the interest of man which is self-development, is above all systems, whether theological, political or economic.”

Social Credit is much more about Wisdom than it is economics. Wisdom is the outer concentric circle of human activity and bodies of thought, and economics is merely the most urgent body of thought that Wisdom needs to be applied to. Even ecology is a more inner concentric circle than Wisdom. Balance, Equilibrium and Flow are Social Credit’s watch words…and so are these the watch words of economics and ecology, but let us not make the mistake of believing Wisdom to be less integrated and so less wise….than economics or even ecology.

Social Credit is the economic philosophy that will best actualize Wisdom,and so set technological innovation, artificial intelligence and profit making systems free to REDUCE the utilization of resources that will enable us to live in balance, equilibrium and flow on this planet. Why? Because the logics of innovation, artificial intelligence and profit making systems….are all…efficiency….that is IF they are guided by…Wisdom.

Alan Page: Hi All,
I hope to learn a lot from the Wisdomics Blog Steve provided. His concept is so far from the application of systems in the world that I inhabit that I must plead ignorance of their existence. My main point is really about the funding of proactivity and how it is disabled by the current command and control mentality of the existing credit creation system and how all other systems have been pulled into line by the control of the funding that we all must use.

So my point is that there is no global authority with the presence or real intellectual ability to appropriately allocate credit for very local application. Even public banking is not up to the job unless it becomes very local to the point where neighbors can cooperate in helping each other create the currency needed to enable any able bodied person to take the actions they are capable of when they are able. Control of out of control spending is a concern that must be addressed. This may become a spiritual issue. It is now a status issue based on who is more virtuous those who spend or those who do not??? I find no reason or way to trust anyone in the economic arena today to make appropriate decisions.

Me:  Wisdom is all relevant data and every possible relevant situation integrated in the most optimally ethical fashion. Therefore, by definition, it cannot NOT include….all relevant realities…often including those realities that others will not consider…because the consideration of them being “unrealistic” actually blocks their entry into their minds. Couple that reality with the sociological fact that research has shown that when only about 10% of the general populace begins to believe something new is true its nearly impossible to stop it from becoming generally perceived as such and a few million man marches plus a focused and determined insistence upon very concrete and imminently doable policy mandates and you’ve got a mass social movement that herds the entirety of the political apparatus toward an actual solution.

I don’t lack data. I don’t lack study or awareness of the various fragmented bodies of thought humanity calls its “sciences” both hard and soft. And neither does anyone else here. What everyone lacks, including myself is a sufficient awareness of the power of Wisdom which by the definition above must also include the integration of human consciousness of itself and of ethics. And when you also begin to see how the highest concepts and experiences of the world’s major Wisdom traditions perfectly align with the stated goals of economics (amongst other studies) and can also align its policies with such philosophy/Wisdom so that they effect precisely what is intended…that is when fear or despair or cynicism becomes confidence.

In my opinion there should be no global authority established. That is precisely what Finance capitalism is attempting, and that is why individual states must awaken to the policies that will effect stability and freedom for both the individual and the system. That, in any state, but most particularly a significant state like the US is what will show everyone….just how workable and freeing such a system can be.

The fact is that the foremost reformist economist on the planet, Steve Keen, is in awakening agreement with what Clifford Hugh Douglas discovered and suggested for policy…more than 90 years ago. He perhaps is not completely aware of this himself, and his dedication to the scientific method may actually be an impediment to recognizing Douglas’s higher integration of both economics and Wisdom. The signature of Good science and scientific breakthrough has indeed always been an integration of science and an aligning and reflective aspect of Wisdom. So if Grace is the highest Wisdom, I would suggest that the integration of its relevant economic aspect, the gift, into economic policy is what will result in both a scientific breakthrough for economics, greatly increased individual economic freedom and last but certainly not least the blessings of being in touch with Grace….which is the experience of graciousness.

The World is not fully integrated. Not Man, not Science, not any of Man’s systems or bodies of thought…except for the most basic and most powerful experiences pointed at by the world’s major Wisdom traditions. Understanding those experiences and integrating them thoroughly into our minds, our mindsets for dealing with the world and into each of our systems is the necessity that confronts Mankind which is hurtling toward destruction without such integration and yet has a bountiful and wondrous future if it does.

You have to set up a system that is actually different from what we have…and solves the actual and deepest problem of the current system (the rate of flow of total costs/prices always tends to exceed the rate of flow of total individual incomes AVAILABLE to purchase something)….otherwise you’re just setting up another basically unworkable system owned and controlled by a self interested elite.

Interest is a cost, but it is far from the only cost, and the time lag that Keynesian economics does not and cannot bridge in order to bring a continuous equilibrium between prices and incomes to liquidate them will not

be bridged. That requires a supplement.

The Russians and Chinese setting up their own system that ALSO has inflation cooked into its utter inherent workings….isn’t going to actually solve their situations let alone free the individual and the system. Gold? It’s never worked before and it ain’t gonna work again. Get real. Economic and monetary thinking has been behind the curve for a long time. It needs to come into present time where there is fantastic productive capabilities and even if you don’t want to buy the social credit insight of an inherent inadequacy of individual incomes and hence of aggregate demand….a laundry list of external factors are increasingly resulting in exactly the same.

The only way to resolve the situation without adding an additional cost to the system is to GIVE THE INDIVIDUAL THE SUPPLEMENT TO THEIR INCOMES (OR LACK THEREOF) THAT CONTINUOUSLY EQUATES TOTAL SPENDABLE INDIVIDUAL INCOMES WITH TOTAL CONSUMER PRICES….and enables a free flowing system in fact instead of only theory. AND AS AN AFTER THOUGHT TO NEARLY ALL ECONOMISTS, OR SO IT SEEMS, that serves the individual INSTEAD OF HE/SHE HAVING TO SERVE THE SYSTEM???????????????

The alternative no one is considering is Social Credit which supplements individual incomes so debts never attain unrepayable status because there is always sufficient individual incomes to liquidate production as it comes to the market…..no matter how little or how much consumption takes place. Public Banking fits within a social credit economy as an effective means of keeping private Banking’s feet to the fire efficiency wise, infrastructure wise and even to fund governments on all levels so long as that does’t mean building bridges to no where or idiotically re-distributive taxation which is redundant as a result of more efficient and effective dividend and discount mechanisms implemented.

The world is unfortunately blind and ignorant of the underlying problems and their actual solutions and Finance is there to exploit that fact and history as well. If Russia would implement Social Credit they would become even more of a target of Finance and be railed against as reverting to communism even though socializing THE PURPOSE of the money system is the only thing that will enable profit making economic systems to survive and evolve. Ironies abound when an idea whose time has come is thwarted for over 90 years if not for the last couple of centuries.

The best thing that could happen is for there to be a financial evolution of the money system in the West which would enable it to be more stable, more in equilibrium, more efficiently productive, more decentralized, more able to re-industrialize without having to worry about the effect of technological unemployment and more individually and systemically free than systems dominated by Finance. A kind of second coming of the fall of the Iron Curtain….except its the Iron Curtain of Finance that falls in the West….and then Europe, Russia and China will have to internally adapt their own money systems….or be saddled with the inherent negative effects that attend them.

“As a man thinketh, so is he.” This reality underlies all other problems one

confronts personal or systemic. The world suffers from dominance by the consideration of power. This is not to denigrate thinking about power in any way, simply the recognition that the above statement is a fact. It does however require a balancing consideration which is actually even more powerful and underlying than power, and that consideration is love in action which is another way of describing the concept and experience of Grace. This is not religious but spiritual/experiential, this is not opposition but integration, this is neither a “realistic” nor unrealistic analysis but complete, this is neither merely theory nor an enforced totalitarian regime but an indication of policies which align with and effect freedom for both the individuals and the systems they are applied to.

Ellen Brown:  Reform is passe. It never worked before and its time, such as it was, has come and gone. Transformation first! Rational and ethical regulation…right along with it. There are a thousand steps between 0 and 1 and half of those are probably steps backward. The plodding, step by step, iconoclastic, scientistically hobbled mindset and methodology of a Steve Keen is what makes him slowly come into agreement with what C. H. Douglas priorly discovered, taking the empirical data of cost accounting and then COMBINING that scientific data with a philosophy…almost INSTANTANEOUSLY recognized and recommended the policies to rectify and resolve the deepest problem of our economic and monetary systems. Douglas beat Keen to the integration of money, banks and debt as well as the inherent disequilibrium of the economy….by 90+ years…BECAUSE he integrated science and philosophy.  Integration with philosophy/Wisdom/creative imagination/one or more of the aspects of the highest state of being a human can NATURALLY, NOT NECESSARILY RELIGIOUSLY  achieve, namely a state of Grace…in fact is the signature of GOOD science and scientific BREAKTHROUGH. We need to have more Faith/Confidence in that oft historically documented fact! Ironies abound in times of paradigm change. It is incredibly ironic that in an allegedly confident scientific age Keen must plod excruciatingly slowly toward what Douglas had already discovered and QUICKLY concluded…and then Douglas was wise enough and confident enough to craft policies that philosophically and psychologically perfectly aligned with an ethical relationship between man and the economic system and that effected the balance, equilibrium and free flowingness the economy so lacked…as well!

When science and reform become orthodoxies they inhibit much more than they enable. That is the greater reality that is missed. Integration, the process of Wisdom itself, is what is required…and Wisdom is the willingness and ability to see truth and act on it expeditiously to resolve problems….before it’s too late.

And even if one does not want to confront any of the above the following video shows that innovation and artificial intelligence is speedily bringing about an economic absurdity where aggregate demand will not be able to be earned and hence must simply and graciously be provided. Then we can concentrate on garnering the Wisdom that makes Life rewarding…no matter what one’s circumstances.

http://bcove.me/3blma0e0

And no one, especially myself, is unaware of the political process that is necessary. I have called for a mass social movement numerous times here. I have called for unity between the various movements. I have suggested communicating to both businessmen and consumers the commonsensical reality true for all economic “good times” …money available to be spent, so as to de-hypnotize both groups from the loan only paradigm that currently keeps the rule of finance in effect and demands monetary inflation. I ain’t wet behind the ears, not by a damn sight. But lets enlighten and resolve the problem with something adequate to the task like the integration that is Wisdom…not some paltry idea like mere reform using a self defeating means like partisan politics.

Debating against actual Wisdom is a Fool’s errand.

Wisdomics/Gracenomics is inclusiveness and integration of all relevant data and insights from same. Exclusion and/or reaction without integration of all relevant data or insights is error. Wisdom is actually action that has already considered all of the relevant data.

Wisdom has already been codified for centuries in each of the world’s major wisdom traditions. All we have to do is decipher it and apply it.

Wisdom recognizes the core problem and resolves it including the inevitable unethical resistance to Wisdom itself. And then it is also dealing with other more peripheral problems as well.

Wisdom is integration always. It may also be action, even angry or indignant action, but it is always such action in pursuit of or support of integration.

We are hurtling toward the utter absurdity of  diamond coated Banks and Central Banks wherein the jaded financial authorities and a scurry of economists and media pundits attempt to convince the rest of the populace that the fact that all production is locked behind their vaults and they the populace have no money with which to purchase it….is actually an equilibrium. And Gifting as a policy is the return of sanity.

Good Economic Science is the integration of the scientific method and the philosophical concept behind mysticism which is simultaneity. That is the whole point that orthodox economists miss. Attempting to embrace disequilibrium is absurd “chasing after the wind.” However, noting disequilibrium and integrating macro-economic policies that effect equilibrium…is Wisdom.

The only thing beyond orthodoxy is the experience of Grace which being continuous Love in action prevents it from ossifying into a dogma.