| Subject: | [socialcredit] the big boat | | Date: | Friday, December 23, 2005 08:28:32 (EST) | | From: | Triumphofthepast <Triumphofthepast @...com>
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". . . if the savings are spent on creation of new capital . . ." (Martin)
John wasn't talking about that, at least he didn't say that. But to return to your example of building the Titanic, the point is that we are never using more than a fraction of our huge productive capacity. Therefore, building the Titanic does not require people to "tighten their belts," it just means we are going to employ a slightly larger fraction of our productive capacity for a period. Phrases like "tighten our belts" belong to scarcity economics, not social credit.
Michael
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the big boat
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