| Subject: | [socialcredit] Swanwick 2 | | Date: | Wednesday, December 21, 2005 11:52:58 (EST) | | From: | Triumphofthepast <Triumphofthepast @...com>
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"I think it is fairly clear that Douglas, at the time he was writing, saw savings as reductions of the purchasing power of the people, and therefore condemned them. Why he did this instead of seeing them as a reason to put more money into circulation per the other means he envisaged is a mystery to me." (John)
Think of it, John, in terms of tickets to goods and services. Savings aren't "reduction of purchasing power," they are the consumer declining to consume. Why, then, put more tickets into circulation?
Michael
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Swanwick 2
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