|
I am not in favour of Thoren's model per se, but
used it
to point out his math about taxation. I
believe he advocated
private production investment through the private
banks
(which would lend money to industry that it
had borrowed
from the government at a 'wholesale'
rate); and direct government
spending of the money it created on public
production
investment. Again, I don't find this a
leading model,
just an illustration of the math that was worked
out
regarding taxation possibilities. His
books are still
available on the Internet I believe, for those who
are
interested.
I have only read outlines of binary
economics. I think social
credit has the potential to be a more complete
solution than
binary economics, in that it focuses on the effects
of
automation and the resultant free time available
for the
individual. Capital is bequeathed to the
population as a
whole, rather than just those that are working in
the money
economy. The concept of the Cultural
Heritage is used
to justify this, in that the improvements by
innovators and
inventors long dead belong to the community as a
whole;
not just an elite, nor workers who comprise
the other 1%
input into production.
I find the compensated price aspect of social
credit to be
an area in need of improvement, but I haven't had
time to
investigate other possibilities here yet. In
any case, the
compensated price is
one mechanism by which capital is
transferred to the
general population (through purchases
that are increasingly subsidized, as automation and
production improves).
For a brief introduction to social credit
see
Regards
Dan Parker
----- Original Message -----
Sent: Sunday, October 13, 2002 5:45
PM
Subject: Re: MONETARY: Discussing the
unjust monopoly
Dear Monetary Reform members,
Dan Parker rightly refers to the need to remove
compound interest from the system.
He also refers to Theodore Thoren's idea of
government creation of money. Did Thoren want this money to be just
spent on consumption (which is what Social Credit tends to favour) or does it
also address production investment? Did Thoren have any concept of wide
capital ownership? I point out to Dan that binary economics most
certainly does address actual wealth creation. Has Dan read Binary
Economics -- the new paradigm?
Rodney Shakespeare.
|