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Shann,
Thankyou. The
Dieter Suhr article is most interesting. I had not heard of
him. As I understand the article, it says that banks should lend
interest-free money (with a small administration cost attached).
So the meaning of "neutral" money is
"interest-free loan". (Am I right?) To state the obvious, it is
repayable.
All of which brings me back to Ray Carey whose
book seems to amount to little more than good, modern management
interspersed with a few undeveloped hints at something more. If by "neutral money" Carey is saying
that banks should issue interest-free money, does
he mean it in the sense of issue it to anyone for any purpose? What about
collateral?
My questions to Keith tried to find out what Carey
really means (assuming he means anything) and also to find out how
Social Credit, Bromsgrove and William Krehm (COMER) view it as well as
trying to find out what Krehm's general policy is.
From the point of view
of binary economics, procreative investment, and the endogenous loan
movement, it is not enough for there to be issuance of interest-free money
unless the money is directed at productive (procreative) capacity, there is some
form of collateral, and wide ownership is involved.
Rodney Shakespeare
----- Original Message -----
Sent: Thursday, July 28, 2005 7:30
AM
Subject: RE: HOMESTEAD: Ray Carey's
Democratic Capitalism
Rodney and
Keith
The meaning of
“Neutral Money” is explained by Professor Dieter Suhr who unfortunately died
some years ago at a relatively young age, Refer to his explanation at http://userpage.fu-berlin.de/~roehrigw/suhr/nngengl.html
Also refer
to:
Suhr, D. (1989) The Capitalistic Cost-Benefit Structure of
Money, Berlin, Heidelberg, New
York: Springer.
Cheers
Shann
From:
owner-homestead@cog.kent.edu [mailto:owner-homestead@cog.kent.edu] On Behalf Of Rodney Shakespeare
Sent: Wednesday, 27 July 2005 9:07
PM
To:
homestead@cog.kent.edu
Subject: Re: HOMESTEAD: Ray Carey's
Democratic Capitalism
I spent about half an hour dipping
into the internet version of the book but had some difficulty in discovering
the answer to certain questions, of which the following are but
some.
Can you answer them for
me?
1. Does Carey
have any proposal for those who are not employed in the usual
sense?
2. What is meant
by "money should be a neutral medium of
exchange"?
3. a)
Am I right in thinking that Carey views the money supply (which must be
"ample, low-cost, non-volatile and patient") as directed
solely at capital investment and in no way directed at
consumption?
b) In Carey-land, who issues the money
supply?
f) Apart from optimistic exhortation, exactly how
does Carey propose to make the money supply ample, low-cost, non-volatile and
patient?
4. In what way
is Carey saying anything more than that employees should be involved in their
corporation, and should share in the profits, and should have an
ESOP and stock purchase (out of the employee's earnings)
etc?
5. Does Carey
have anything to say about a corporation sacking its employees (when, for
example, it is no longer at the leading edge of
technology)?
6.
a) Is there any relation between what Carey is saying and
Social Credit? If so, what is it?
b) Specifically, what (proposed)
financial reforms of the 1930s are being referred
to?
7. Is there any
relation between what Carey is saying and the position of COMER? If so,
what is it?
8. Is Carey saying
anything new? If so, what?
9 How does what Carey is
saying differ substantially from, say, cesj's Justice-based
management?
10. You state
Carey "comes back at the end to essentially the same conclusion as
Douglas: the vision will be constrained until
the parasitical financial adversary is defeated, and that will take an
informed as well as an outraged (or more likely desperate)
citizenry."
I am fascinated
by this statement because it seems to hint at something which I did not come
across in my (admittedly brief) dipping into the internet
text. What are the precise arrangements Carey proposes for defeating the
"parasitical financial adversary"?
I look forward to your
response.
PS I hope this
is not a duplicated email -- I have tried to send it three times because of a
computer
problem.
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