2024

Posted by chdwr

Steve Keen is the smartest economist on the planet, however even though he talks about paradigm change he spends entirely too much time describing the problems in economics instead of finding ways to implement the precise new paradigm that will resolve the anomalies of the current one.

Here is a direct quote from him: “The reason neo-classical economics ignores money, debt and banks is because if they did they would have to admit that the money system de-stabilizes the economy.” A brilliant and exquisitely true insight…that he then fails to analyze and innovate policy for in order to resolve the problems he also accurately describes. Its a classic example of intellect getting in the way of paradigm change.

The key to paradigm change is recognizing that SIMPLICITY is the starting point of paradigm change. Paradigms are SINGLE OPERANT APPLIED CONCEPTS. They are Helio-Centrism instead of Geo-Centrism, Ethics/Self Awareness instead of the narcissistic “ethic” of Survival Only, Homesteading, Urbanization and Agriculture instead of Nomadic Hunting and Gathering, Having a Direct Relationship with Your God instead of Salvation Via Roman Catholic Sacraments Only and finally relavant to economics…Direct and Reciprocal Monetary Gifting instead of Debt Only As the Sole Form and Vehicle For The Creation and Distribution of New Money.

Find the way forward with directly effective operant policies that implement the new monetary and economic paradigm here: https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies/dp/B08X7MZ4KH/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr

Pre-Lims To Presentations:

Posted by chdwr

All new money is created by the accounting operations of equal debits and credits that sum to zero. In other words, the banks says: Here’s $1 million that we’re debiting to your account…now we’re crediting our account and you owe us $1million dollars plus interest. The government says: We’re creating $1million in treasury bond “debt” which is bought by the private sector because it is a guaranteed source of revenue until its term is reached at which time the PRIVATE investor is paid back the investment plus interest. Hence all critique of the national “debt” is a misunderstanding, and government “debt” is not the problem, but rather PRIVATE debt that continually builds up.
The banks currently wield a business model monopoly for the creation and distribution of money. This is stupid enough, however they also wield a monopoly monetary paradigm of Debt ONLY. That is, they will not create any money except in the form of debt. There isn’t anything inherently wrong with debt, but a monopoly paradigm of Debt Only is DDDD (Dominating, De-stabilizing and Down- right Dumb). I’m not here to destroy private finance, only its dominace of 95%+ of the general populace and every other legitimate business model, by resolving the major economic problems we’ve been forced to deal with for the entire length of human civilization…by strategically integrating the new monetary paradigm of Gifting into the economic process.
All new paradigm are at first considered absurd…until they are the answer to all of the anomalies of a current paradigm. Examples: (Rise of human consciousness/Nomadic Hunting & Gathering to Homesteading, urbanization and agriculture/Geo-centrism to Helio-centrism) This is because the new paradigm concept is always in complete conceptual opposition to the present one. The new monetary paradigm of Gifting is in complete conceptual opposition with the present paradigm. In other words (Debt Only As In Burden To Re-pay/Monetary Gifting).
In view of the above in #3, cynicism is an intellectual sickness. One must brush past one’s intellectual cynicism because it is nothing other than self stopping without actual present time looking. As Sun Tsu said: “If you can convince the enemy there is no reason to resist you will win every war without a battle.”
The beneficial aspects of every historical paradigm change have always been an aspect or aspects of the natural philosophical concept of Grace (Examples: increased consciousness of self, awareness that all others are also self aware and hence increased sense of the reality of ethics, Increased abundance and survivability, greater scientific and temporal universe awareness of truth and reality, and in the new monetary paradigm, fairness as in graciousness that ends domination).

Posted To Steve Keen’s Substack Newsletter 10/02/2024

Posted by chdwr

All of your conclusions are valid of course, but you’re not comprehending the deepest problem and hence the earth shaking solution, namely the new APPLIED monetary paradigm concept.

The present monetary paradigm for the creation and distribution of new money is Debt Only. Acculturated since the first day of human civilization its why its so hard for people to understand that government deficits (an aspect of the concept of Debt Only) are actually monetary gifts to the private sector.

Retail sale is the single macro-economic point of the entire economic process. Thus a 50% Discount/Rebate policy at that point doubles everyone’s purchasing power and so the potential demand for every enterprise’s goods and services, and yet with double entry bookkeeping makes the merchant whole on his entire price, does not cost the merchant a single additional penny and implements beneficial price and asset deflation for EVERY individual. Same equal debits and credits 50% method at point of loan signing continuously integrates debt jubilee into the economic process instead of suggesting a one off ineffective “modern debt jubilee” which sociologically misses the long standing financial and corporate oligarchy. Reforms are shallow and easily over thrown. Paradigm changes totally invert anomalous realities and hence resolve them…until new insights are discovered.

Too much consumption? Mitigate consumption and direct and increase investment with a policy of a sliding scale of required investment of monetary gifts into eco-energy R & D bonds. This tax/cost is still a gift and so philosophically aligns with the new paradigm. And there are other policies to prevent inflation through out the entire economic process using taxation, double entry bookkeeping and monetary gifting.

Posted To Steve Keen’s Substack Newsletter 09/28/2024

Posted by chdwr

Your accounting is valid, but it fails to utilize the same operations at strategic points throughout the economic process to resolve the economic problems you also have identified such as chronic erosive inflation and hence diminishing purchasing power, and the continual build up of private debt.

This apparently is because you have failed to recognize the fact that the present monetary paradigm wielded by the private banks is the virtual monopoly concept of Debt As In The Burden to Repay…Only for the creation and distribution of new money.

Break this monopoly paradigm up by integrating the same accounting operations of equal debits and credits that sum to zero with the new paradigm of Monetary Gifting into the Debt Only system at retail sale, point of loan signing and from business model to business model throughout the length of the entire economic process…that will create and enforce beneficial price and asset deflation, hence greatly increased individual purchasing power, demand for commercial goods and services and the reduction of the rate of build up of private debt.

Monetary Gifting has been utilized before. For instance “green backs” were a major if not the major reason the North won the civil war against the South. Of course it was just distributed without utilizing accounting at key points in the economic process (retail sale , point of loan signing and the point of movement from one business model to another) primarily because there wasn’t the digital/electronic capability to do that at the time. We don’t have that problem today…just the failure to perceive paradigm concepts and craft policies around new ones that resolve the anomalies of the current one.