Re: Local Currency Article

["David Spitzley" <dspitzle@gw.wash.k12.mi.us>]

>>> Mbindnerdc@aol.com 12/10/02 01:38PM >>>
I am still not grasping a part of your approach.  Assuming all of what
you seek is passed, the cost of repayment of capital credit loans using
dividends must still be figured into the cost of the product (just as
diverting a portion of social insurance payments would, as I propose). 
Either way, for ownership to be transferred and society sustainable,
some part of the cost of any product sold must be diverted to this
purpose - all else is accounting.
----------------------------------------------------

I'm going to do my best to disengage from this debate I've
unintentionally spawned, but I'd like to suggest that the Subnational
listserv is not the appropriate venue for discussion of the Federal
Reserve reforms or the Tobin Tax.


David
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