| Subject: | Re: [socialcredit] Social Credit and Inflation--and related issues | | Date: | Saturday, February 11, 2006 22:54:51 (+0000) | | From: | John G Rawson <johngrawson @.......com>
|
| In reply to: | Message 3382 (written by Kenneth Palmerton) |
Which makes the point that not only us little guys would benefit from SC, but
business at nearly all levels too. We haven't pushed this nearly well enough.
Regards. John R.
From: kenpalmerton@cix.compulink.co.uk (Kenneth Palmerton)
Reply-To:
socialcredit@elistas.com
To: socialcredit@elistas.com
CC:
kenpalmerton@cix.compulink.co.uk
Subject: Re: [socialcredit] Social Credit
and Inflation--and related issues
Date: Thu, 9 Feb 2006 16:40 +0000
(GMT)
>In-Reply-To: <00aa01c62844$b0b3d320$6400a8c0@cdv73pbgpo6eny>
>Hi
Wallace.
>
>For a very long time I have been of the opinion that economists do
NOT
>understand "inflation". Even their attempts to describe it, and offer
a
>definition leave me much less than convinced of their competence.
>
>They seem
to offer no logical explanation of why prices rise.
>
>I have sat with fellow
directors of a manufacturing company around our
>board room table looking at each
other wondering if our
competitors would
>let us get away with a price rise of our products.
>
>This
was not so much an exercise in maximising our profits, as trying
>desperately to
cover our costs. This I believe is a common scenario,
>common to most companies
in mature markets.
>
>Coming to understand later the rightness of A+B has helped,
with its
>reference to purchasing power, which was the other thing we
Directors
>agonised over. Would our customers have the money in their pockets
when
>they chose our products ?
>
>This enlightenment came too late for me and
mine I fear :-))
>
>Ken.
>
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