All mega-paradigm changes are characterized by direct and permanent integrations of aspects of the natural philosophical concept of grace into the minds of humanity and humanity’s temporal universe systems/circumstances resulting in the beneficial effects of same not to mention higher consciousness.

There are numerous causes of inflation, but the biggest one is the fact that, within the current concept of supposed free markets, there is currently no effective way to prevent it…because instead of freedom the economy exists entirely within alternately goosed and strangled dominatingly financialized chaos. And Finance will not and cannot countenance the breaking up of its monopoly monetary paradigm for the creation and distribution of new money AKA Debt Only.

But if we strategically implemented the new monetary paradigm of Gifting with a 50% Discount/Rebate policy at retail sale utilizing the same accounting process the private banks use to create it only as debt namely equal debits and credits summing to zero additional costs…voila`:

1) beneficial macro-economic price and asset deflation instead chronic erosive inflation

2) everyone’s purchasing power is immediately (and costlessly) doubled along with

3) the potential demand for every retail enterprise’s goods and services.

4) This also accomplishes the economic and political integration of the self interests of the traditionally opposed constituencies of consumer and merchant. Ever heard of ” the revolt of the bourgeoisie”?

Pair this policy with a 25-50% Debt jubilee policy at the point of loan signing and you:

1) integrate debt jubilee directly and continuously into the economic process instead of stupidly allowing finance to integrate its powerful monopoly money creating grant/power to bully every individual and commercial agent and suffocate reforms.

Fortunately, ideas cannot be dominated and suffocated…But they can be ignored even by the erudite. Hint.

2) reverse the human civilization long de-stabilization of economies/empires due to the inevitable build up of private debt

3) you actually integrate finance into the rest of the legitimate economic process instead of stupidly allowing it to be a costly wholly exterior parasite (because its “product” is virtually always pre-production or post retail sale).

Complete conceptual opposition and complete inversion of problematic temporal universe “realities” are the cardinal signatures of historical paradigm changes. “Nuf said.”

Maybe we’d have a much better chance to confront the energy problem you correctly identify if, due to inflation being mathematically resigned to the dust bin of history, we could run the kind of fiscal deficits to fund the mega projects necessary to confront climate change and research new energy sources. No?

MR: Moral hazard, which is what we’re trying to stop now. “Free-riding starts at n of 2” Aiden Vining (SFU. 1996).

How about we use national monetary authority (as originally designed) to make much needed national investments, like (equivalent to) St. Lawrence Seaway. Thus making the country more productive and able to give everybody a raise.

Neoclassical is about doing nothing, resulting in vast surplus labour.

Steve’s got the best blog in the world and he does it on a dime.

Human capital matters most.

Me: Moral hazard? The banks and their suck up coterie of corporate colaborators are the only ones with moral hazard for accepting/coercing gifts as in bail outs and that after THEY were the ones who caused the great financial crisis of 2008. The individual has never been given a break or a gift even though every citizen of modern economies should be entitled to a modicum of such based on an ever increasing cultural heritage of productive/technological capacity built up over the last few centuries.

I’m all for national investment. In fact Ellen Brown’s National Infrastructure Bank is another very good reform that could begin to do that, but remember Keynesianism got morphed into neo-classical macro. That plus they don’t have an inflation killing/inverting/paradigm changing/wildly individually beneficial set of policies like I do…that could herd the entirety of the political apparatus toward sanity…if such policies could only get a platform to communicate them. Bitching about “the authorities” and “the pols” is a good purgative, but trying to convince them when their egos are involved is futile and poor sociology/political science. Give the individual an easily perceived heavy dose of buttered monetary bread and even more importantly hope and miracles can happen. Consult Gandhi or MLK, Jr.

I hope Steve earns even bigger dollars than he’s making on patreon and substack. Yes I am a troll, but I’m a troll for the new paradigm and its policies all of which conceptually and intentionally align with everything Steve, Michael Hudson, MMTers and Ellen Brown claim and want to see happen. And all of their movements could easily integrate with and be further enabled…if they’d just open themselves up to operant applied concept/paradighmatic analysis.

“Human capital matters most.” Right, my motto has always been: “Systems were made for Man, not Man for systems.”

Me: Exactly, when your pocketbook and hold on power is questioned its exceedingly easy to fool yourself or just say fuck you to the masses who don’t understand the problem and/or have been acculturated to believe the elite ideology anyway.

Consider this. Even if you don’t see the conceptual alignments of the policies I advocate with all of the present leading reforms and the historical signatures those policies mirror with past paradigm changes then look at what happened after the Great Depression and WW II when Social Credit (a now mostly historically buried world movement whose policies I have extended and innovated to the paradigmatic level) threatened to bring the concept of monetary gifting into the public consciousness. The fall back “major” reform that distracted everyone from Social Credit’s concept of Monetary Gifting became Keynesianism. In my opinion settling for a reform when a paradigm change is actually doable is out ethics, but when a ruling ideology is seriously threatened it does make reforms more likely. So if one can’t see a thirdness greater oneness of a Hegelian synthesis at least go for thesis versus antithesis sub 2.

Inward and outward grace is the true and deepest reality, and the conscious cultivation and integration of those realities is tarditionally known as enlightenment.

Nothing wrong with thinking, abstracting and science…only habituation to it that prevents one from experiencing the deeper, fuller and more beneficial reality of the thorough integration of both inner and outer realities.

Ever tried to stop your consciousness (not thoughts) which is an aspect, in fact the essence of grace? Good luck.

Have you ever stopped the flow of time? Obliterated space? Ended light? Flow, dimension and light/the electro-magnetic flux that is constantly all around us are all aspects of grace. Thats scientific fact. They’re all dynamic, integrative, elemental and unitary which are all aspects of the natural philosophical concept, and potentially, the experience of grace.

Don’t let the subtle but very limiting paradigm/orthodoxy for inquiry known as Science Only cheat you out of the pinnacle concept of grace as in the expression and experience of love. Especially because temporal reality, which is the domain of science, is replete with the aspects and experiences of grace.

99% of financialization needs to be eliminated. Anything less than that is just “epicycles”. But to make that happen you have to study the signatures of historical paradigm changes like:

1) complete conceptual opposition
2) complete inversion of temporal universe reality
3) direct, immediate and continuing benefit to all valid systemic agents which enlightens them to the dominance of the invalid/problematic agent(s). That’s how you get Marx’s revolt of not just the bourgeoisie , but the mass of individuals. Forget about critiquing/bitching about present “authorities” build the better paradigmatic mouse trap and communicate its benefits.

Sarcasm and iconoclasm are fun and self rewarding, but accomplishing the common good is even more so.

You’re the best economist on the planet. But if you don’t up your game to paradigmatic analysis you risk becoming the William Nordhaus of paradigm change.

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Another excellent systemic accounting analysis and (apparently still slightly unconscious) identification of the present monopolistic monetary paradigm concept of Debt/Credit Only.

Now if you’d study up on the historical signatures of new paradigm concepts the scales might fall from your eyes regarding the new monetary one.

I try not to brag too much about it, but I’m the Copernicus (exact new concept/Direct and Reciprocal Monetary Gifting), Gallileo (discovery of the monetary policy and macro-economic significance of the single temporal universe point in the economic process that is universally participated in/retail sale) and the Kepler of the new monetary paradigm

1) a high percentage discount/rebate policy at retail sale that mathematically solves the major problem of both the old and the new paradigm and makes it work by

2) inverting erosive inflation into beneficial price and asset deflation and

3) enables a shit load of additional beneficial economic effects as well as integrative and innovative regulations, incentives and disincentives that solidify and stabilize the new paradigm from a not altogether rational or ethical human species.

Remember, all new paradigms need in our technologically advanced world is a platform/mass movement to communicate their benefits. Consult Hugo regarding ideas whose time have come.

The bald truth? Nothing of lasting significance is going to happen until the problems of inflation, insane destabilizing financialization, and a program of conceptually aligned policies that are so wildly beneficial for both the individual and enterprise simultaneously ocurr. And historically that kind of break through general resolution only happens when a genuine paradigm change occurs.

And a 50% Discount/Rebate policy at retail sale and the rest of the regulatory and policy program of Wisdomics-Gracenomics will mathematically, empirically and temporal universe-ly accomplish all of the above and more. And I can rebutt every orthodoxy, terminal cynicism, and even any apparent conflict with the economic necessities of climate change. Let us light a gargantuan flare with a mass movement for monetary and economic paradigm change rather than cursing the darkness (or even doing absolutely valid reseaches that yet do not accomplish the synthesis of paradigm change).

The awareness, however tenuous, that love and its active expression grace, has been with us ever since we emerged out of the mere animal “ethic” of Survival Only. The only real problem has been how to implement grace/graciousness into our temporal universe systems…the better to enable us to more generally self actualize its aspects. This is why the new monetary paradigm of Gifting is a mega-paradigm change, because it will enable and create a daily devotion of gratitude in the universally participated in system in human life, namely economics, specifically at retail sale. Also, as the new monetary paradigm has “knock on” beneficial mental and temporal effects in many other systems/bodies of knowledge like sociology, psychology, ecology and political science it is further confirmed as mega in character.

The rarest of human characteristics is the one willing to embrace ambiguity, illogic and even risk apparent absurdity in pursuit of the greater truth AKA the integrative discipline and mindset of Wisdom. This goes beyond iconoclasm which is a great human characteristic and all too rare itself, but iconoclasm remains subject to dualism and hence obsession with problems while Wisdom is about solutions. Wisdom insights and paradigmatic analysis are alike in that they are deep, integrative, inclusive and resolving simplicities so they include iconoclasm but go beyond it to thirdness greater oneness which has always been the signature of Wisdom. Thirdness is actually all over the place, but neglected or missed because one gets caught up in thesis versus antithesis instead of searching for the integrative, inclusive goal of synthesis.

Virtually all iconoclastic economic reformers, even if their research is true, still analyze only within the orthodox mindset of science and math when Wisdom/Paradigmatic analysis which includes the mindset of science is required in order to see and understand the pattern solution to the deepest problem(s).

Praise for scientific and mathematical researchers

Scientific and mathematical research is good, necessary and often helps us hone in on and focus on the primary problem and on the operant concept it reflects that keeps the problems in the system under analysis in continuous effect and suspension. Such research however must make the leap from mere iconoclasm, problem identification and reform to operant concept/paradigmatic analysis and thus the deep and lasting solutions marked by actual paradigm/entire pattern change.

On the old and present paradigm for inquiry

Part of the problem we face as moderns is the four century long now entirely too orthodox paradigm for inquiry AKA Science Only. This is of course no call for us to abandon science, only to alert us to the dangers of orthodoxy in the scientific method and particularly if that method has become a monopoly paradigm like Science Only. As I like to say: “Science is wonderful, interesting, necessary and delicious and exists entirely within the larger mindset/digestive tract of Wisdom.” Wisdom (not necessarily religion) is the superlative human intellectual discipline not science.

Wisdom insights and Paradigm Concepts are alike deep simplicities

Wisdom insights in a few words go directly to the real problem and/or truth of any question, and a paradigm is the operant/most significant and powerful concept that describes and enforces the realities of an entire pattern of thought. Hence they are both deep simplicities.

My childhood postulate to Get Knowledge, Get Wisdom and Get Understanding and where It Took Me As An Adult

When I was seven years old one day as I descended the stairs from my upstairs bedroom, I heard my mother’s response to a telephone call where she first heard about her father’s death in an automobile accident. Her voice quavered as she said: “He’s dead?

This of course unnerved me to say the least. What I did after hearing this has set a positive course, even amongst a thousand distractions and avoidances, for my entire life.

I somehow found a bible and went down in our basement with it. I walked around holding it for awhile and I distinctly remember saying to myself that I was going to learn and obey what was in it. If one opens the bible approximately in the middle, they usually find either Psalms or Proverbs.

As there is in any of the texts of the world’s major wisdom traditions so is there plenty of relevant human insight all through the bible, but as luck was with me that day, I opened it to Proverbs. And so Proverbs, defined as the wisdom of deep simplicities, became my favorite book of the bible. Over time my favorite chapter became Proverbs 4: 5-9 which in the King James version reads as the following:

⁵ Get wisdom, get understanding: forget it not; neither decline from the words of my mouth.

⁶ Forsake her not, and she shall preserve thee: love her, and she shall keep thee.

⁷ Wisdom is the principal thing; therefore, get wisdom: and with all thy getting get understanding.

⁸ Exalt her, and she shall promote thee: she shall bring thee to honour, when thou dost embrace her.

⁹ She shall give to thine head an ornament of grace: a crown of glory shall she deliver to thee.

Realize that the postulate/decision/mental action I made to learn and obey what I would read was the real power initially. The fruits of that decision were to come later. Action/expression whether mental or temporal is the real power in the world. Please keep that fact that in mind as you read on.

Chance introduction to C. H. Douglas and Social Credit and Wally Kinck’s definition of Grace Which Awakened Me To Monetary Grace As In Gifting as the New Paradigm Concept

List conclusions of Douglas, His Policy of a CRP/Compensated Retail Price, Keen, Hudson, Brown, MMT and How Making the Percentage of the Discount/Rebate Policy a high number instead of merely an approximate match of the rate of inflation largely resolved the problems identified by each of the above.

Why and how Wisdomics-Gracenomics and its policies reflect the same process of discernments and discoveies as The Copernican Cosmological paradigm change went through in order for it to be confirmed as possible (Galilleo), correct and most workable and effective (Kepler).

Analysis of the signature effects and concept behind all historical paradigms and mega-paradigms and how they all have been aspects of the concept of grace.

The current zeitgeist, its looong history, the concept behind the new Ethic of the Age and an age of Wisdom/Grace in every area of life and living.

Just saw your recent interview with James Corbett. I agree that, currently, all money is debt, but that indeed is the problem. Debt Only is the current monetary paradigm and we are seeing all of the anomalous problems that monopolistic concept is creating. The new paradigm concept is Direct and Reciprocal Monetary Gifting the policies of which will by far create more individual and commercial abundance than the current paradigm. Debt/Borrowing won’t be banned, just its monopolistic nature and the most misaligned forms of it like the inevitably unstable derivative nonsense lurking in the shadows. Private Finance and the vast majority of its financialized casino is a dominating and destructive human civilization long Dodo. State banks and a national infrastructure bank as you envision will be perfectly legitimate enterprises, but we’ll at the very least have to revamp the charter of the FED. Yet a truly publicly administered non-profit national banking system should also be created at least for homes, autos and other big ticket items that create the security and abundant lifestyle of the individual. That way the FED can fund the 50% Discount/Rebate policy at retail sale thus integrating the new paradigm directly into the economy’s payment system, and a non-profit national bank would have no problem with the 25-50% debt jubilee policy at the point of loan signing.