| Subject: | [socialcredit] Re: Extrapolating A+B Part 1--replying to Peter | | Date: | Friday, September 23, 2005 11:53:29 (-0700) | | From: | William B. Ryan <w_b_ryan @.....com>
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"This is why Douglas pointed out that the economy isnt
driven by demand but by banking policy hence the over
production beyond the consumers demand and the need to
export and find markets."
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The distinction was between r_e_a_l demand and demand
made e_f_f_e_c_t_i_v_e, which is accomplished through
banking policy.
Effective demand is the independent variable in the
Douglas analysis, driving production, enabling
consumption.
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