Re: Local Currency Article

[Mbindnerdc@aol.com]

Sounds like a good place for it (although I am not sure I am a member).

In a message dated 12/10/2002 2:40:45 PM Eastern Standard Time, "Norman G. 
Kurland" <thirdway@cesj.org> writes:

>Good point, Mike.  Local bankers will have to expand their corporate loan 
>department and their financial services departments if we can get support for 
>channeling Fed-created new money into Capital Homesteading Accounts 
>established to enable every man, woman and child to receive $3,000 each 
>annually for buying newly issued Capital Homesteading shares, representing 
>around half of the annual capital growth pies of the US at current growth 
>rates.
>
>Why don't we shift this discussion to the Monetary Reform Group?
>
>Norm
>
>Mbindnerdc@aol.com wrote:
>
>> Norm,
>>
>> It is good that David raised the issue, as it allowed you to bring up 
>Homesteading.  If he had not, there would have been no opening to mention 
>anything without raising the subject yourself.
>>
>> While we are on the subject, it would seem to me that a good strategy for 
>pursuing capital homesteading would be to identify who in the banking industry 
>might support it and begin meeting with them.  Once they see it is in their 
>interest, they will sell the Fed.  Currently the financial services industry 
>is salivating at the thought of social security privatization.  That is the 
>mark you have to hit.  You must show the banks that your proposal is juicier 
>then Bush's.
>>
>> Mike
>>
>> In a message dated 12/10/2002 1:09:36 PM Eastern Standard Time, "Norman G. 
>Kurland" <thirdway@cesj.org> writes:
>>
>> >In other words, you suggest the ownership group should support ideas that
>> >perpetuate the wealth gap, rather than focusing on ideas that will close
>> >that gap.  Popularity and justice do not necessarily coincide.  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.
>> >
>> >Norm Kurland
>> >
>> >David Spitzley wrote:
>> >
>> >> >>> thirdway@cesj.org 12/10/02 11:24AM >>>
>> >> Why assume that the Tobin Tax is a good idea?  If an informed society
>> >> can create money for sustainable growth linked to broad-based ownership,
>> >> why add friction to that process?
>> >> ---------------------------------------------------
>> >>
>> >> Because at the moment Tobin Taxes are much better known than the Fed
>> >> proposal, and is probably a bit closer to being implementable, and
>> >> taking a positive step which may eventually become obsolete is
>> >> preferrable to standing in place.
>> >>
>> >> David
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>> >
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>
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