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Subject:[socialcredit] Swanwick Principles
Date:Friday, December 9, 2005  09:53:21 (EST)
From:Triumphofthepast <Triumphofthepast @...com>

"That the cash credits of the population . . . SHALL at any moment BE . . .
"That the credits required to finance production SHALL BE . . .
"That the distribution of cash credits to individuals SHALL BE . . ."

Obviously, these are all prescriptive, not descriptive.  Bill's statement that the second (alone) is not prescriptive but is merely "recognizing the existing reality" is completely untenable.  If his dissertation hangs on such a misreading, better start over!

Michael

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