Re: Local Currency Article

["Norman G. Kurland" <thirdway@cesj.org>]

The way to calm the speculative fevers on Wall Street is to institute a
two-tiered interest policy as we proposed under Capital Homesteading.  What
Rodney has called "interest-free money" would not be available to the rich
to buy the relatively stagnant pool of already issued corporate securities,
new Capital Homesteading shares would be issued to finance economic growth
on low-cost credit for the general population and stock values would begin
to reflect projected pre-tax dividend yields.  Thus, the Wall Street fever
would become drastically lowered.

Norm Kurland

David Spitzley wrote:

> >>> thirdway@cesj.org 12/10/02 01:09PM >>>
> Any time wasted on discussion of the Tobin tax could be used more
> constructively discussing Capital Homesteading and how to make it more
> popular than the Tobin tax.
> -----------------------------------------------------------
>
> But by that logic we should eliminate the Subnational listserv, as I
> don't believe there are many local or state-level strategies for
> bringing about Fed reform.  For what it's worth, I actually find the Fed
> reforms more promising than a Tobin tax, but I question your assertion
> that a Tobin Tax would >perpetuate< the wealth gap.  If nothing else, it
> would tend to calm the speculation that Kelso despised, and thus
> eliminate some of the draw of assets away from economically productive
> uses into the pockets of hyperwealthy currency speculators.
>
> I begin to question the wisdom of posting the article.  My apologies to
> the innocent bystanders...
>
> David
> To subscribe to this or another of COG's discussion groups register at:
> http://cog.kent.edu/register.html
> To unsubscribe from this group send a message to majordomo@cog.kent.edu
> with a single line in the body of the message that says:
> unsubscribe eosubnat


To subscribe to this or another of COG's discussion groups register at:
http://cog.kent.edu/register.html
To unsubscribe from this group send a message to majordomo@cog.kent.edu
with a single line in the body of the message that says:
unsubscribe eosubnat