| Subject: | Re: [socialcredit] Replying to John Rawson 1 | | Date: | Friday, October 21, 2005 13:06:08 (-0700) | | From: | Joe Thomson <thomsonhiyu @....ca>
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(Bill Ryan wrote:-) "The exponential increase to costs is addressed most
efficiently by increasing bank reserve requirements
and lowering permissible interest rates, since both
measures would have the effect of reducing the flow of
bank credit in respect to the flow of goods and
services** (** Inasmuch as the scope for "credit-worthy" customers
for bank credit is reduced) .
(which will work wihout economic
contraction or collapse if and only if effective
demand is concurrently augmented to allow the increase
to the rate of profit available for investment to
compensate for the decrease in available bank credit.)
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Bill, could you please elaborate a little more on this. You are tightening
bank 'reserve requirements' and at the same time 'lowering' permissable
interest rates? You want 'credit' to be more difficult to obtain when costs
are rising exponentially , but for what it is 'low risk' (production that is
essential), the cost of borrowing will fall? Is that what you mean?
Joe
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