| Subject: | Re: [socialcredit] Swanwick 2 | | Date: | Thursday, December 22, 2005 16:34:52 (-0700) | | From: | Martin Hattersley <hattersleyjm @.........com>
|
Yes, but if the savings are spent on creation of new capital, "consumption" of
labour and materials is taking place, even if it is to create wealth that will
not be available on the market for some length of time.
Martin Hattersley
1970-10123-99 St. Edmonton AB Canada
Phone (780)423-2081; Fax (780)425-5247
e-mail: jmartinh@shaw.ca;
hattersleyjm@interbaun.com
----- Original Message -----
From: Triumphofthepast@aol.com
To: socialcredit@elistas.com
Sent: Wednesday, December 21, 2005 9:52 AM
Subject: [socialcredit] Swanwick 2
"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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<DIV><FONT face=Arial size=2>Yes, but if the savings are spent on creation of
new capital, "consumption" of labour and materials is taking place, even if it
is to create wealth that will not be available on the market for some length of
time.</FONT></DIV>
<DIV><BR>Martin Hattersley<BR>1970-10123-99 St. Edmonton AB Canada<BR>Phone
(780)423-2081; Fax (780)425-5247<BR>e-mail: <A
href="mailto:jmartinh@shaw.ca">jmartinh@shaw.ca</A>;<BR><A
href="mailto:hattersleyjm@interbaun.com">hattersleyjm@interbaun.com</A></DIV>
<DIV> </DIV>
<DIV> </DIV>
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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=Triumphofthepast@aol.com
href="mailto:Triumphofthepast@aol.com">Triumphofthepast@aol.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=socialcredit@elistas.com
href="mailto:socialcredit@elistas.com">socialcredit@elistas.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, December 21, 2005 9:52
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [socialcredit] Swanwick 2</DIV>
<DIV><BR></DIV><FONT face=arial,helvetica><FONT lang=0 face="GoudyOlSt BT"
size=3 FAMILY="SERIF" PTSIZE="12">"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)<BR><BR>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? <BR><BR>Michael</FONT>
<P><PRE>---------------------------------------------------------------------
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You're subscribed to this list with the email hattersleyjm@interbaun.com
For more information, visit http://www.eListas.com/list/socialcredit
<P></P></PRE>
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