| Subject: | RE: [socialcredit] RE: scale in a+b | | Date: | Saturday, July 2, 2005 05:41:11 (-0700) | | From: | William B. Ryan <w_b_ryan @.....com>
|
| In reply to: | Message 2048 (written by John G Rawson) |
Perhaps you will tell us how it explains 1, 2, 3 and
4.
--- John G Rawson <johngrawson@hotmail.com> wrote:
It explains stagflation.
It explains the need to keep building up the economy
for expansion's sake.
It explains why we only had prosperity all of last
cenntury when it was linked with expenditure for war
or reconstruction afte it. (As forecast by Douglas).
It explains why, when the "credit squeeze" in this
country reduced the money supply from 31% of (then)
GNP to 13%, inflation rose from about 3% to 14% per
annum.
I believe that is a hell of a lot simpler that most of
the convoluted and unnecessary considerations that
have been going on in this group.
I'll ignore the still less logical part of your
comment.
Regards. John R.
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