| Subject: | Re: [socialcredit] Swanwick principles (The 'principle' of proper English) | | Date: | Tuesday, November 15, 2005 12:47:00 (-0800) | | From: | Joe Thomson <thomsonhiyu @....ca>
|
(Bill Ryan wrote:-) "Airlines regularly "overbook," increasing the chance
that all seats will be filled, minimizing waist."
(Joe replies:-) While there seems to be more airlines these days that are
'flat' rather than fat, shouldn't "waist" above be spelled "w-a-s-t-e"? Or
are you proposing they only let people on board that are slim enough to fit
two to a seat?
----- Original Message -----
From: "William B. Ryan" <w_b_ryan@yahoo.com>
To: <socialcredit@elistas.com>
Sent: Monday, November 14, 2005 3:22 PM
Subject: Re: [socialcredit] Swanwick principles
> Yes, but "cash prices" if they equal "cash credits"
> does include profit, from which corporate dividends
> are paid and entrepreneurial investment is funded, in
> part.
>
> And it depends on what you mean by a "proper ticket,"
> doesn't it? Remember, it is only a metaphor, an aid
> to understanding.
>
> Airlines regularly "overbook," increasing the chance
> that all seats will be filled, minimizing waist.
>
> Which is perfectly analogous to Douglas' concept of
> demand made effective being the independent variable
> that drives the economy:-
>
> *The business of a modern and effective financial
> system is to issue credit to the consumer, up to the
> limit of the productive capacity of the producer, so
> that either the consumers' real demand is satiated, or
> the producers' capacity is exhausted, whichever
> happens first.*
> -
>
> As to the answer to your last question, I will
> eventually finish my dissertation.
>
>
> --- Triumphofthepast@aol.com wrote:
>
> "cash credits of the population...shall at any moment
> be equal to the collective cash prices"
>
> I take this as being quite straightforward: a dollar
> of (consumer) prices shall be matched by a dollar of
> consumer money -- not literally at every moment but at
> regular intervals -- in other words, that consumer
> money will function as a proper ticket. Douglas's
> statement, taken simply, reflects the fact that money
> comes in quantities. That is not the same thing, I
> think, as the Quantity Theory of Money. Nor does it
> hinder Douglas's projection of dynamic flows.
>
> Since Douglas makes perfect sense to me on this simple
> and straightforward reading, I am not tempted by one
> that requires a lot more exegesis to make plausible.
>
> Bill, have you a single essay in which you outline
> your interpretation of these principles or of A+B? If
> so, could you point me to it?
>
> Michael
>
>
>
>
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