The problem is if you have a monopoly paradigm for the creation and distribution of new money of Debt Only as in Burden to Repay, as private finance does, you inevitably have financial crises caused by the continual build up of PRIVATE debt. The solution is a new monetary paradigm of Direct and Reciprocal Monetary Gifting strategically integrated into the Debt Only system, and rational and enforceable regulation of finance so it doesn’t take leave of its moorings with “weapons of mass economic destruction” as it has serially done in the past.

Systemic monopolies are bad enough, but paradigmatic monopolies are far, far worse because it requires the willingness and ability to embrace complete conceptual opposition/paradox and its apparent illogic and one must brush past their own cynicism. But that is what it takes to have a paradigm/lasting change. Helio-centrism vs geo-centrism, cue derisive laughter, nomadic hunting and gathering vs homesteading, urbanization and agriculture, cue condemnation of the witch doctors, Monetary Gifting, cue your own acculturated cynicism…but again, this is the required process of the phenomenon of paradigm change.

With all due humility my recognition that retail sale is the single universally as in aggregatively participated in/macro-economic point in the entire economic process, and thus is the perfect place to implement a monetary policy utilizing accounting that has resolving macro-economic effects on inflation, purchasing power and demand, and beneficial social, psychological and even spiritual effects as well…is worth something other than a non-Nobel prize in economics.

Considering that retail sale has been going on hundreds of millions of times every day right under economist’s noses for centuries, Its also proof that thinking/abstracting, although an excellent way to identify problems, lacks sufficient direct observation to discover solutions…which is a signature of wisdom.

Dr. Greer: My book Wisdomics-Gracenomics: The New Monetary Paradigm and Its Policies will immediately double everyone’s purchasing power, end inflation forever enable anyone to purchase a $500k house for $125k and last but not least transform participating in the economy from an onerous experience of resentfulness into the greatest opportunity to self actualize gratitude since meditation and prayer. Maybe ETs are simply waiting for us to integrate economics and spirituality. Such a mega-paradigm change would change both the temporal universe and the attitude of everyone.

You want to increase the purchasing power of workers? A 50% Discount policy at retail sale all of which is rebated back to the merchant granting it to the consumer mathematically doubles everyone’s purchasing power, ends inflation forever, doesn’t cost the merchant an additional penny and makes participating in the economy an opportunity to self-actualize gratitude instead of resentment. Thats all. Then tax any greed flation at a rate of 100% and redistribute that revenue to the individual or enterprise who had to bear the additional cost of such anti-social behavior. Create the Department of Competition, Innovation, Boycotting and The Public’s Bully Pulpit that gives weekly press conferences that points the finger at corporate malfesence and then we can have actual ethics in the economic system. Lets have an economy that is gracious and wise and yet sovereign. A Wisdomics-Gracenomics if you will. In the human world there is only freedom amongst known and enforceable barriers. Thats why you can’t walk into a theater and yell Fire! What we have now with “free” market theoretics is actually chaos/no real and effective barriers along with financial dominance

Of the moment, of perception in the moment.

Kate Raworth is an intelligent and thoughtful economist like your former guests of Keen, Hudson and Mosler, and I agree with virtually all of their system’s analysis. The problem is none of the above begin at the actual starting point for deep and meaningful change and that is conceptual analysis that leads to the identification and application of what everyone says they want to see which is paradigm change. New paradigm concepts identify the core applicable aspect of the core problematic area of the pattern under analysis. New paradigms are, ironically, a single concept that strategically applied resolves the anomalies of the current paradigm and changes the complexities of the entire pattern. For instance, helio-centrism instead of geo-centrism or homesteading, urbanization and agriculture instead of nomadic hunting and gathering. Until you identify the new paradigm and its specific applications its cart before the horse and, albeit interesting, endless intellectual babble over dualities that do not resolve. However, paradigmatic analysis like wisdom insights are deep resolving simplicities that enlighten thirdness greater onenesses. Quiz: the beneficial aspects of every historical paradigm change have always been an aspect or aspects of the natural philosophical concept of grace. So what aspect of grace would apply as the new concept for the economy and the money system, and when and where might be the best point in the economy to implement/apply that concept?

When you not only resolve the deepest current economic problems plaguing everyone, but make participating in the economy a continuing and universally participated in opportunity to experience/self-actualize the highest natural philosophical/spiritual concept humans have ever conceived, as well, and with a single policy (the 50% Discount/Rebate policy at retail sale)…you know you’re onto something big, VERY big.

That Big is what I refer to as a mega-paradigm change which is one that is immediate, continuous, universally experienced and whose beneficial effects cross over into other systems, bodies of knowledge and areas of human endeavor in addition to the primary one under analysis.

The new monetary paradigm of Direct and Reciprocal Monetary Gifting is probably only the third such mega-phenomenon in the history of the human species. The first two being when:

1. humanity emerged from the mere “ethic” of survival at all costs into self awareness and ethics and
2. the change from nomadic hunting and gathering to homesteading, urbanization and agriculture.

Me: As per usual your systems analysis is correct, but equally per usual your follow through with applied philosophical/paradigmatic analysis is lacking. The last monopoly paradigm (salvation via the Roman Catholic sacraments ONLY) was ended by the idea that one could have a Direct Personal Relationship with god AKA The Reformation. Look for the ideas BEHIND the systems that enforce their realities and their anomalies, then apply the new idea and voila! resolution and positive change. Steve, you’re the smartest system’s analyst on the planet. Please utilize applied philosophical/paradigmatic analysis and you could become the WISEST analyst on the planet.

MR: How is it possible that in 2024 we have a system of monetary administration that doesnt produce an annual budget to forecast movements in its largest accounts, inflation adjusted.

Nor is there a Chief Monetary Officer responsible for producing an annual monetary budget.

My golf pro publishes his forecast for annual movements in green fees, merchandise, labour and expenses, with an adjustment each year for inflation.

Lack of full independence at the top of our monetary economy is done with the support of large political donors for one reason: Enforce scarity on the population to reduce the value of labour.

Me: If you were the chairman of the FED or the CEO of a “too big to fail” bank, would you want to embrace a new paradigm that mathematically and continuously resolved the major problems of the economy and the money system that you profit massively from? No, you’d ignore, laugh at, condemn as absurd and resist it, unless, you valued wisdom over even science, logic, mathematics and self interest. Take the applications and benefits of the new paradigm directly to the mass of individuals…right along and in addition to the truths discerned via system’s analysis…and let there be light!

MR: Not quite. There are policy people who read this blog and, according to Ann, are working for reform. But someone has to sponsor the political process and fund elections. Gives me hope.

Me: Good, I’m all for hope and even reform…so long as the reformist is also open to integrating their movement into the true object which is the new operant/resolving applied concept AKA a new paradigm. We don’t have that, and until we do we’ll fiddle around with mere reform and continue to go no where fast exactly like we’ve done with climate “change” for 50 years. I’ve appealed to Steve, Stephanie Kelton, Ann, Ellen Brown, Scott Santan, Michael Hudson etc. with little engagement. Much of that can be laid at the door of being busy with their own “movements” but inability/unwillingness to see beyond the cynical cultural horizon of our current increasingly anomalous paradigm for inquiry, Reductivist Science Only, and so to see that the integrative mental impulse and discipline of Wisdom/Paradigmism is the superlative means of discerning both facts and truths. As I often say: “Science is wonderful, necessary and delicious…and it exists entirely within the digestive tract of Wisdom.”

The latter being aspects of the natural philosophical concept of grace…as well as aspects of the temporal/physical universe is the route to both the experience of god and the kind of scientific open-mindedness which is always a signature of scientific break through.

Abstraction is indirect and once removed from temporal universe reality/experience, and thus a hindrance to direct knowledge/experience. Instead of saying god’s grace is the answer (which is valid but abstracted) we need to say grace is THE DIRECT EXPERIENCE of god, or THE EXPERIENCE of god is found in the present moment where god, being omni-present, always is.

Copernican Helio-centrism actually didn’t resolve the anomalies as well as Ptloemaic geo-centrism until Kepler found that orbits were eliptical instead of the orthodoxy of perfect circles and the fantasy of epicycles. Science is still required after paradigm change…because the cosmos itself is emergent. Of course emergence is an aspect of the natural philosophical concept of grace as in emergent trinity/thirdness greater oneness and flow.

Again, grace is the operant concept and reality to always keep in mind.