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Michael, if you believe that Douglas was referring
to a 'micro-economic' prescription in Swanwick # 2, how do you think the
mechanism would work?
Joe
----- Original Message -----
Sent: Thursday, December 15, 2005 9:08
AM
Subject: [socialcredit] Swanwick 2
"That the credits required to finance production shall be
supplied, not from savings, but be new credits relating to new
production."
Both John and Joe suggest this means
"the aforementioned credits required to LIQUIDATE production." I don't
see how it could. Worse, he would now be saying that savings SHALL NOT
be used to buy consumer goods and services!
Michael
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