| Subject: | [socialcredit] Swanwick Principles | | Date: | Tuesday, December 13, 2005 10:32:16 (EST) | | From: | Triumphofthepast <Triumphofthepast @...com>
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"Whether production is initiated via the issue of new credits directly for production and repayble to the source of issue or initiated by the application of financial savings does not matter." (Wally)
Swanwick 2 says it SHALL be initiated via the issue of new credit and SHALL NOT be initiated by the application of financial savings. So it mattered to Douglas. Why does it matter? Because reinvesting savings sends a mixed signal to production. Deferring consumption is an order to production to slow up, but if production slows up, increased investment has no point, any more than would increased employment. We easily see that employment is not an end in itself and must decrease. Why can't we see that exactly the same thing is true of investment?
Michael
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Swanwick Principle
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