Posted To Mish Shedlock’s Blog 03/31/2025

The right has bamboozled themselves and all of MAGA all of who are not economically astute, and of course libertarians are famous for being terminally orthodox despite neo-classical macro being unstable and utterly unfair. The policies I’ve posted here will create wildly beneficial economic effects for the individual, all commercial agents and will even enable bigger tax cuts than Trump wants to see. And it will all be accomplished by doing what libertarians want to see, that is beneficial price and asset deflation.

I’m all for efficient government, but he real deep state is the suave oligarchy we’ve had for most of the nation’s history. Trump (probably unwittingly because he’s not an astute person in any sense except perhaps political demagoguery) is, again unwittingly enabling the formation here of the kind of overt kleptocratic oligarchy extant in Russia and other barely civilized states in the world.

Posted To Steve Keen’s Substack Podcast 03/29/2025

Why not apply to economics and the money system the same illogic that Gallileo (and every other person who originally suggested a new paradigm concept) did. Historically its worked everytime: unconscious survival at all costs to self awareness and reality of ethics…nomadic tribal hunting and gathering to homesteading, urbanization and agriculture…salvation via Roman Catholic sacraments Only to the Protestant Reformation.

Here, I’ll help you a little: New money can only be created as Debt to strategically integrating Monetary Gifting into the economic process at points where everyone (macro-economically) participates…and how about the new economic moral paradigm from…the individual must personally pay full retail price and must personally fully repay indebtedness Only to strategic Monetary Gifting.

New paradigms: always logically and conceptually absurd…until they’re THE answer.

The problem with MMT and “a new economics” is they are preaching to a very small choir. That plus they do not analyze on the conceptual level only the systemic factor/problem level. As I have said many times here systemic analysis is all well and good, but it is no where as deep and effecting as conceptual/paradigmatic analysis. Dr. Keen occasionally throws the word paradigm around, but thats as far as it goes. Finally, if money is the core economic problem then recognizing that “free” market theoretics is a complete misnomer, that is it is actually merely a framework for unstable financial chaos to dominate and be the only agent to emerge unscathed from periodic crises. For humans and human systems there is only freedom amongst know and enforceable barriers. You don’t want total freedom which again is actually chaos you want universal relative abundance and free flowingness and the new monetary paradigm of Gifting strategically applied and regulated is the vehicle MMTers and Dr. Keen seek.

If C. H. Douglas could create the world wide movement of Social Credit with a palliative policy of a low percentage compensated retail price then a 50% Discount/Rebate policy at retail sale and a reflective 50% Gift/Debt jubilee at point of loan signing could be the paradigm changing duo the mass of humanity needs.

Posted To Stephanie Kelton’s Substack Newsletter 03/26/2025

Ask yourself this: What is a job guarantee? Its a GIFT of purchasing power to the individual. A very good application of monetary policy. But its not a macro-economic as in universally experienced/aggregative application, and it doesn’t arithmetically, mathematically and macro-economically address inflation…like a 50% Discount/Rebate policy at retail sale which coincidently is also a GIFT, is the ultimate direct monetary application of double-entry bookkeeping which:

1) MMT says is the way new money is created and

2) if repeated at point of loan signing or at the retail point of indebtedness i.e. your monthly loan payment

3) these two policies would A) turn chronic erosive inflation into beneficial price and asset deflation, B) double everyone’s purchasing power without incurring any additional cost, C) enable everyone to purchase $100 worth of groceries for $50, buy a $60k EV for $30k while also cutting your car payment in half and a $500k house for $250k and cut your loan payment in half.

So these policies are the ultimate application of MMT. Stephanie, Bernie Sanders and AOC need to be made aware of these policies for these reasons and because they are the ultimate satisfaction and application of the political insight that “People vote their pocketbooks”.

MMT aligns with the new monetary paradigm of GIFTING. SO ALIGN IT!!!

Always…

…look for the ideas behind the systems and institutions that enforce their realities, that keep the anomalies that grow up within them in continual stimulation, and find the new idea and its applications that resolve those anomalies.

Steve Hummel 03/23/2025

Religion vs Graciousness

The map is the orthodoxies of the Christian or any other of the world’s religions; the topography is the self actualization and expression of graciousness. Please do not confuse the two.

Steve Hummel 03/23/2025

The 52% Discount/Rebate Policy (2% of which is allowable per annum inflation) Is The Answer To The Free Market Argument By The Terminally Acculturated and Orthodox Economic Theorists, and Associated Policies

In other words the extra 2% is the allowable freedom to inflation which actually makes free market theory work instead of not work because there is currently no actual barrier to freedom in an economy dominated by the monopolistic monetary paradigm of Debt Only and Full Payment By the Individual Only which is a description of chaos. Thats because in the human universe there is only freedom amongst known and enforceable barriers, and so the 2% allowed inflation rate actually creates free market theory. Libertarians and conservatives hold onto your heads or they may explode.

A sliding scale “tax” of gifted individual income will be required to be invested in 5-6% eco-energy Projects and R & D Treasury bonds.

Any revenue garnered from inflation over 2% is taxed at a rate of 100%

The Discount/Rebate policy also is indexed to any additional rate of calculated inflation/greedflation that somehow is not discovered in the monthly analysis of inflation.

Approved innovations will enable a 5% per annum rate of inflation for 2 years and then will revert to the 2% rate.

Businesses not raising prices for a year will receive a 1% net profit gift.

All present discounts and reductions to retail price/MSRP will continue or the discount rate to enterprise utilizing such discounts will be reduced by whatever equivalent percentage of total price those discounts amount to.

The discount percentage will be calculated after the adding of sales taxes. That means the monetary authority will pay 52%+ of state, county and local sales taxes boosting their non-sovereign budgets.

Posted To Dave Foulkes’ Substack Newsletter 03/20/2025

I too love your comparisons of the two choices…and implementing the various policies of the new monetary paradigm of Gifting is the key to begin the process of turning toward the humane one. And, also re-inventing our social/cultural institutions so that they align with and help us self actualize the many, many integrative, unitary and yes even ecstatic aspects of the natural philosophical concept of grace as in love in action, i.e. graciousness. Consider: the beneficial effects of every historical paradigm change have always been an aspect or aspects of grace…the concept…like grace as in a GIFT. Or grace as in increased self awareness of and sensitivity to the other and hence of the reality of ethics, as occurred when we separated from the animalist virtual monopoly paradigm of survival. Or grace as in abundance in the paradigm change from nomadic hunting and gathering to homesteading, urbanization and agriculture.

These last two are what I call mega-paradigm changes which are those whose beneficial effects are universally and continually experienced because they are a part of our everyday life routine and their effects spill over into systems, bodies of knowledge and areas of human endeavor other than the specific one under analysis. This is the serendipitous aspect of the mega-paradigm change. And Monetary Grace as in Gifting at strategic points in the economic process that we all paraticipate in and are affected by…could be the impetess for the greatest increase in the self actualization of grace as in Gratitude and Thankfulness for a Gift.

The next time you host Steve Keen and Friends I hope you ask him why he doesn’t do conceptual analysis. Don’t get me wrong the systemic analysis of Keen, Michael Hudson, Warren Mosler, Stephanie Kelton, Ann Pettifor and Ellen Brown are all spot on about money and macro-economics and I have never said otherwise, but they ignore conceptual analysis.

Why is conceptual analysis so important? Because new paradigms are nothing more and certainly nothing less than key applied concepts that enlighten and resolve the anomalies of a current paradigm, and historically paradigm changes are the most potent and progressive phenomena humanity has ever experienced…especially if they are a mega-paradigm change as described in my prior post.

Posted To Mish Shedlock’s Blog 03/18/2025

A Tarrif Rebate/Cost Reduction policy at point of onshoring would fix things, but tarrifs are just an unnecessary stupidity. Double the potential purchasing power with a 50% Discount/Rebate at retail sale and you’d see much more production returning to the USA and a dispelling of the depressing effects of long term loss of individual purchasing power. Neither Trump nor the dems are smart enough to do that, and the smart fool libertarians cannot grok it either. Meanwhile we slouch toward Bethlehem when a solution to our decline is simply strategically applying double entry bookkeeping.

Posted To Stephanie Kelton’s Substack Newsletter 03/18/2025

Yes the Musks of the world (every monetary conservative on the planet) are stuck in a false moral conflict which has been acculturated since the Sumerian empire which is “you can’t create new money in any form other than debt!” and “You, the individual, must pay full price, and repay full indebtedness of extended credit!” However, now that we have double entry bookkeeping and digital technology, instead of enabling Finance to dominate everyone and insure periodic economic crises, we could use these tools to free everyone instead. All you need do is implement a 50% Discount/Rebate policy at retail sale and a 50% Gift of Interest/Debt Jubilee policy at point of loan signing. This DEMONSTRATES with equal debits and credits that sum to zero the incredible benefits every individual would experience and would resolve the deepest economic problems we are apparently chained to. All you have to do is ANALYZE ON THE CONCEPTUAL LEVEL INSTEAD OF ONLY ON THE SYSTEMIC LEVEL, i.e. the current monopoly monetary paradigm of DEBT ONLY IS THE MOST BASIC PROBLEM and STRATEGICALLY INTEGRATING MONETARY GIFTING INTO THE DEBT ONLY SYSTEM BREAKS UP THAT MONOPOLY AND ENABLES TEMPORAL UNIVERSE AND MENTAL RESOLUTION.

By the way, Mosler, Keen, et al, get full credit for RE-awakening to the way our money is created, but C. H. Douglas of the world wide Social Credit movement between the world wars knew that “money is most basically accounting” 70 years before them.

Now even new paradigms need additional analysis to enable their full beneficial effects and workabilities. For instance helio-centrism actually was less accurate in predicting astro-physical movement of the planets then Ptolemaic geo-centrism until Kepler discovered that planetary orbits were elliptical instead of perfect godly circles. Then the truthfulness and accuracy of the new concept became apparent. Similarly, C. H. Douglass was culturally bound to the classical economic theory of equillibrium. Thats why his very smart policy of a compensated retail discount remained a palliative that could be easily gamed instead of enabling all the benefits of a complete paradigm change…like my 50%+ retail discount which compels universal participation by commercial agents and creates beneficial abundant monetary disequillibrium.

MMTers: If you want to dispell the mental and moral conundrum of the words “national debt” and “deficit”? Then strategically implement the new monetary paradigm of Gifting.

RS: I’ve read most of the relevant MMT writers (plus New Dealers and Keynesians) so I agree with the idea here. But as someone who was a blue collar worker for 30 years, wave numbers in front of me and I start to freeze up mentally. Worse if accompanied by arcane econ jargon.

Remember, most of us were repelled by math as school kids. As adults we are expected to defer to our betters, even when we realize they’re idiots, because they have the power. The corporate lite Dems abandoned us decades ago; we’re suspicious of political authorities. Especially since their main function seems to be enabling the rich to grow richer.

Therefore alt. econ must be presented as making sense intuitively and emotionally, not merely as just more off-putting numerical abstractions. Perhaps visuals and graphics would help. Experienced educators would know.

Me: I agree that dems are simply reps lite. Thats the clue that you have a non-resolving duality that requires an integrative thirdness as in trinity/unity/greater oneness resolution…which is the signature result of every historical paradigm change and is also why wisdom has always been associated with “the third way”. Thats why I titled my book Wisdomics-Gracenomics.

Trinity is all over the place if you look at it like Hegel’s thesis, antithesis and synthesis and chemical synthesis which takes two separate compounds and by combining them creates an entirely third compound.

Duality is the apparency of life and trinity/unity/oneness is the actual reality in life.

The natural philosophical concept of grace/graciousness as in love in action and as in its personal experience is the ultimate intuitive message for anyone who has loved another and felt the powerful emotional unity thereof. Its also the greatest GIFT (aspect of the natural philosophical concept of grace) our evolution and the nature of quantum reality bequeaths us…if we choose to look at it and apply it to the money system and the economy.

Visuals and graphics depicting the new monetary paradigm is an excellent idea also.

Me: Wisdom is wisdom…and you’ve contemplated it to your great credit and enhancement. I congratulate you. I would only add that viz trinity all realities are real its just that some are more completely real than others….and that duality is the anatomy and definition of problems and trinity is the signature and accomplishment of solutions.

RS: I’d bet my blue collar co-workers would hear “Gifting” as scam; just another pol/econ ruse to continue trickle up. There has to be something concrete, some obviously achievable first step before we can trust any proposed alternatives.

Me: Thats mostly just present monetary and economic acculturation which Finance will be happy to have us argue over for another hundred years until 7 billion of us are gone from climate change and Finance and the rest of the oligarchy emerge from their bunkers to restart the process.

However I think acting out the benefits and temporal universe realities of the policies I suggest so that they actually see and feel their effects would convince and enthuse most people. As Hugo said: “If there’s one thing all of the armies of the world cannot resist, it is an APPLIED idea whose time has come.”

RS: Trinity works if you begin with that as a given. I can think that way, too, but don’t consider it the end of the story. To me, too close to the argument style of Friedman and the Chi School of Econ, mostly based on assertions from assumptions. Carl Jung said the symbol of trinity was incomplete; 4 is a symbol of completion. As for two as positive, how about Jesus as divine and human? I recommend the books of Jeff Kripal (Rice U.) on the metaphor of the human as two; his work on what he calls the Superhumanities. As an elder, I’ve found that I haven’t found the one definitive Answer to Everything despite, as my writing shows, I’ve really tried. Or even one single answer to anything.

Me: I would say that trinity characterizes time and process as in start, change and stop. And that what I call quadrinity is simply a reset/repetition of trinity. By the way time, process, flow, and perpetual repetition and continuity as in infinity are all aspects of the philosophical concept of grace.

RS: To be precise, economists must use professional language. Like MMT.

We fans may use whatever is helpful. Like Quantum Money Theory. “Quantum” can be faddish, but it fits here. Zero Point Energy (ZPE) means even at absolute zero temperature there are fluctuating quantum fields; the nothing from which everything emerges.

Me: Rafi,
IMO ZPE shows that the mystics have been right all along because they’ve all said that being focusedly but serenely in the present moment is the way to meet/have the experience of god. Its just that what they said got abstracted into various orthodoxies that confuse the map for the topogrophy.

Experiencing the present moment directly like a 1 year old child who hasdn’t learned words/abstraction IS the experience of god, but what you’re (nascently) experiencing is simply the electro-magnetic flux science tells us is going on all around us continually. The experience of it is utterly and basically natural and yet is simultaneously ecstatic. Just another trinitarian integration of opposites phenomenon.

RS: ZPE is as yet a tentative interpretation. To assert it proves the mystics correct is a disservice to both mysticism and empirical science.

Besides, which mystics? To assert we’re all the same is a misleading leap of faith that assumes a god-like position from which to judge Yes, I realize in some ways we are able to connect no matter what faith background; I’ve been in groups when that happened and even the non-mystics present saw it in us. Nor is what we experience limited to mystics. The are many ways…but speaking from a non-divine perspective, I won’t claim they lead to the same summit.

Defining god as that which is experienced in the present moment is only one way of experiencing the divine. Eastern religion tends to emphasize impermanence and the unreality of physicality. When I was a Tibetan Buddhist, I saw that way, too. Ultimately, I couldn’t deny the sheer diversity of biological life nor my responsibility as a labor activist to be involved with the pol and econ systems.

The west does have mystics like Meister Eckart and Blake’s “eternity in an hour,” but the tradition predominantly recognizes the flow of time. Leonard Cohen’s “And mind itself is magic, Coursing through the flesh And flesh itself is magic, dancing on a clock, And time itself the magic length of God.”

Summed up by the quantum physicist Niels Bohr: “The opposite of a trivial truth is plainly false. The opposite of a great truth is also true.” In my 50s, I thought I’d stumbled onto The One Great Truth; I’d encountered the Trinity. Now in my late 70s, I know I don’t know.

Me: ZPE is a fact. Whether or not there is a way to technologically tap into and direct it is the question. Again I congratulate you on your search for and experience of wisdom, but it seems you’re in a kind of unmocking/unknowing mode about it. Intellect has a way of over thinking things. The ultimate epistemological state is knowing/knowingness and right below knowingness on the epistemological scale…is unknowingness. Combine this with the fact that the most basic action of consciousness is reaching (inwardly or outwardly) to know, and withdrawing in order to unknow and know something else. This dramatizes Bohr’s “The opposite of a great truth is also true.”

By the way money creation via accounting with equal debits and credits that sum to zero reflects the quantum flux where particles pop into and out of temporal existence from the zero point.