In-Reply-To: <002301c5e931$c7c3e2a0$bad44246@cc.shawcable.net>
Hi Joe.
Interesting that you refer to the painting instance. Is it possible that
at some time a Socred detractor put up this idea?
For many years ago, when I was struggling with these outlandish ideas,
exactly that problem was put to me by a party member who was held in high
regard. In fact it was nearly the issue that had me abandon the analysis
as unworkable.
I was asked "If you claim that it is possible to calculate the required
level of purchasing power in circulation at any time, how do you allow for
the sale of such things as old master paintings?"
It took me a long time to figure THAT out, even with the help of surviving
Socrediters. I am not sure I remember the solution even now :-)))
Ken.
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