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Well put Michael.
Ken.
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Date: Wed, 21 Dec 2005 11:52:58 EST
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Subject: [socialcredit] Swanwick 2
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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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<HTML><FONT FACE=3Darial,helvetica><HTML><FONT SIZE=3D3 PTSIZE=3D12
FAMILY==3D"SERIF" FACE=3D"GoudyOlSt BT" LANG=3D"0">"I think it is fairly
clear that= Douglas, at the time he was writing, saw savings as reductions
of the purch=asing power of the people, and therefore condemned
them. Why he did th=is 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=20=aren't "reduction of purchasing power," they are the consumer
declining to c=onsume. Why, then, put more tickets into
circulation? <BR><BR>
Michael</FONT></HTML>
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