Norm, to be brief, I had read about your support of
NIT,
but not GAI and missed the import of the Capital
Homestead
Act the first time I
read about it.
Wally Klinck and I both believe in the idea of work
towards self-directed ends, as much as would
be
possible.
On the debt or share method of issuing
money,
I favour mainly the share method, but had thought
that
you favoured the debt method. I still have
some
learning to do here, as to how debt money
could
send information to discourage wasteful
capital
disinvestment. A compensated price would get
rid of
the well-known negative effects of deflation,
as
prices trended to zero, I think.
I only read generalizations on the two discount
models
of the compensated price. It was by the late
Louis
Even I think. I'll see if I can find it
again, but it was
only a few paragraphs of general commentary
about
how the merchant would receive a discount, to
help
make up for a shortage in consumer purchasing
power.
In the example given, it was a straight discount
based
on the aggregate costs of goods for sale
vs aggregate
purchasing power. I'll look for this, and some
details
on how labour intensive vs capital intensive
industries
would be affected; high markup vs low markup
items
(which would cause significant distortions in
pricing
in specialty store if my guess is right).
I agree about giving the message precedence
over
the messenger.
Thanks for the brief overview of Kelso, but it
looks
like I have a fair amount of studying to do,
to learn
binary economics well enough to see how well
it fits
with social credit. Wally Klinck had
complained
about the capital expansion being financed by
adding
to the debt. If I understand you
correctly, I take it this
isn't the case with your model? In any case it sounds
like there is a lot of common ground, particularly
in
the philosophy about liesure and self-directed
work.
Reading about your ESOP work, I see I've got as
much
to learn about effective lobbying as about binary
economics.
rgds
Dan Parker
---- Original Message -----
Sent: Thursday, October 24, 2002 9:03
PM
Subject: Re: MONETARY: Usury is a
problem, a binary response
This message, sent originally on October 23 in response to
Dan Parker's posting below, was bounced by the COG server. Here is the
shortened version.