Re: HOMESTEAD: Postings related to Democratic Capitalism

[Jock Coats <jock.coats@oxfordshirecommunitylandtrusts.org.uk>]

On 2 Aug 2005, at 17:21, Rodney Shakespeare wrote:

>     Apart from binary economics, the only movement (and it is growing
> rapidly) which understands such use of the money supply is the 
> endogenous
> loan movement.

Rodney,

Having not even heard the phrase "endogenous loan" until your posts on 
these various mailing lists, I would have to disagree.

Would you say that James Robertson and Michael Rowbotham are part of 
the "endogenous loan movement" and if so do they know it?  For they 
don't mention it so far as I have read of them.  Yet they understand 
only too well the effects of debt money and posit solutions for it that 
involve the creation of interest free credit.

For my part I do not see how any Georgist, at least in the UK with its 
land price hyperinflation can ignore the issue of debt free money as a 
way of maintaining the money supply in an LVT based system to replace 
the debt that would slowly disappear as land values deflate and the 
loans outstanding on land value contracts.

I understand and promote interest free non-debt money on every occasion 
I can, but would not consider myself to be a part of this movement.

Jock
--
J1e Morrell Hall, OXFORD, OX3 0BP, United Kingdom
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