| Subject: | RE: [socialcredit] Definition of inflation | | Date: | Tuesday, February 14, 2006 17:18:54 (-0500) | | From: | Daniel Morin <dan @........com>
|
| In reply to: | Message 3402 (written by Kenneth Palmerton) |
Hi Ken,
In USSR, the prices were set by the State. I am sure the price was higher
on the black market.
> -----Original Message-----
> From: Kenneth Palmerton [mailto:kenpalmerton@cix.compulink.co.uk]
> Sent: Monday, February 13, 2006 3:56 PM
> To: socialcredit@elistas.com
> Cc: kenpalmerton@cix.compulink.co.uk
> Subject: RE: [socialcredit] Definition of inflation
>
>
> In-Reply-To: <NCBBKCEMIKELNEFLLFEHIEFGGIAB.dan@danmorin.com>
> Hi Dan.
>
> If Webster is to be elevated to the rank of biblical truth, then
> maybe you
> can offer me an explanation of why it was that in the USSR between 1917
> and 1970 the price of a loaf of bread, and the rent of a Moscow flat did
> not increase.
>
> Despite the working population having huge amounts of un-spendable money
> in their bank accounts.
>
> This was a classic case of increasing money supply, with inadequate goods
> for sale.
>
> Why no price rise ?
>
> Ken.
>
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> (EST)From: "Daniel Morin" <dan@danmorin.com>
> To: <socialcredit@elistas.com>
> Date: Sun, 12 Feb 2006 21:01:58 -0500
> Message-ID: <NCBBKCEMIKELNEFLLFEHIEFGGIAB.dan@danmorin.com>
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> Subject: RE: [socialcredit] Definition of inflation
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> Before making your own definition of inflation to fit your A+B model, here
> is the definition of Inflation according to my Webster Dictionary:
>
> "An increase in the volume of money and credit relative to available goods
> and services resulting in a continuing rise in the general price level."
>
> Source: Webster Collegial Dictionary, 1996.
> -----Original Message-----
> From: John G Rawson [mailto:johngrawson@hotmail.com]
> Sent: Sunday, February 12, 2006 3:02 PM
> To: socialcredit@elistas.com
> Subject: Re: [socialcredit] Social Credit and Inflation--and related
> issues
>
>
> First, define inflation. Invariably, it is measured as "rising prices",
> which therefore that is my, and I think our Party's, definition of it. It
> may be caused by "too much money ...", when it is "demand-pull inflation",
> or by other factors (e.g. rising oil prices or higher interest rates) when
> it is "cost-push inflation".
>
> And, once again, the A+B model postulates as a corollary that we have
> cost-push inflation more than demand-pull. "There are factors in the
> economy (B costs) that push the cost of goods above the level of consumer
> purchasing power." So of course economists who deny the Douglas analkysis
> don't understand where inflation is coming from.
>
> Regards. John R.
>
>
> ------------------------------------------------------------------
> ---------
> -
> From: "W. McGunnigle" <wmcgunn@maxnet.co.nz>
> Reply-To: socialcredit@elistas.com
> To: <socialcredit@elistas.com>
> Subject: Re: [socialcredit] Social Credit and Inflation--and related
> issues
> Date: Sun, 12 Feb 2006 23:04:53 +1300
> >Hi Kenneth
> > I had not really considered that question of "inflation"
> >as it operated in our economy, but was intrigued by your comment that
> >socalled "economic experts" have never produced a really satisfactory
> answer
> >as to why it happens. I find that, on reflection, all their
> "explanations"
> >appear to be waffle with little or no substance to back up their
> comments.
> >They are very good at manipulating figures, but very short on
> statisdtical
> >analysis of those figures. They always have an excuse as to why their
> >forecasts are incorrect. My youngest brother has a theory that
> inflation has
> >nothing to do with money or product availablity, but is the direct
> result of
> >propaganda perpetrated by banking organisations who encourage price
> >increases by simply stating that inflation is increasing and prices
> must
> >increase to compensate for it. They don't have to state any reasons,
> but
> >simply create an atmosphere whereby price increases are accepted.
> Inflation,
> >i.e. increased costs for goods and services, follows on as a
> self-induced,
> >self-fullfilling prophesy. Effectively "inflation" is a mind set
> rather >than an economic consequence. I cannot see how this can be
> quantified,but I
> >can see the logic in his argument. It certainly explains the
> "stagflation"
> >phenomena where costs still increased despite falling industrial
> production
> >and increasing unemployment.
> > Bill Mc Gunnigle
> >----- Original Message -----
> >From: "Kenneth Palmerton" <kenpalmerton@cix.compulink.co.uk>
> >To: <socialcredit@elistas.com>
> >Cc: <kenpalmerton@cix.compulink.co.uk>
> >Sent: Friday, February 10, 2006 5:40 AM
> >Subject: Re: [socialcredit] Social Credit and Inflation--and related
> issues
> >
> >
> > > 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.
> > >
> > >
> >
> >
> >---------------------------------------------------------------------
> >Some introductory materials to the discussion topic of this list are
> at >http://www.geocities.com/socredus/compendium
> >You're subscribed to this list with the email johngrawson@hotmail.com
> >For more information, visit http://www.eListas.com/list/socialcredit
>
>
>
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> --
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>
> ---------------------------------------------------------------------
> Some introductory materials to the discussion topic of this list are at
> http://www.geocities.com/socredus/compendium
> You're subscribed to this list with the email dan@danmorin.com
> For more information, visit http://www.eListas.com/list/socialcredit
>
>
>
> ---------------------------------------------------------------------
> Some introductory materials to the discussion topic of this list are at
> http://www.geocities.com/socredus/compendium
> You're subscribed to this list with the email kenpalmerton@cix.co.uk
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>
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> <BODY>
> <DIV><SPAN class=3D703295401-13022006><FONT face=3DArial
> color=3D#0000ff =
> size=3D2>Before=20
> making your own definition of inflation to fit your A+B model, here is =
> the=20
> definition of Inflation according to my Webster=20
> Dictionary:</FONT></SPAN></DIV>
> <DIV><SPAN class=3D703295401-13022006><FONT face=3DArial
> color=3D#0000ff =
>
> size=3D2></FONT></SPAN> </DIV>
> <DIV><SPAN class=3D703295401-13022006>"An increase in the volume of =
> money and=20
> credit relative to available goods and services resulting in a =
> continuing rise=20
> in the general price level.</SPAN><SPAN =
> class=3D703295401-13022006>"</SPAN></DIV>
> <DIV><SPAN class=3D703295401-13022006></SPAN> </DIV>
> <DIV><SPAN class=3D703295401-13022006><FONT face=3DArial
> color=3D#0000ff =
>
> size=3D2>Source: Webster Collegial Dictionary, 1996.</FONT></SPAN></DIV>
> <BLOCKQUOTE dir=3Dltr=20
> style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px
> =
> solid; MARGIN-RIGHT: 0px">
> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
> face=3DTahoma=20
> size=3D2>-----Original Message-----<BR><B>From:</B> John G Rawson=20
> [mailto:johngrawson@hotmail.com]<BR><B>Sent:</B> Sunday, February 12, =
> 2006=20
> 3:02 PM<BR><B>To:</B> socialcredit@elistas.com<BR><B>Subject:</B>
> Re:=20
> [socialcredit] Social Credit and Inflation--and related=20
> issues<BR><BR></FONT></DIV>
> <DIV>
> <P>First, define inflation. Invariably, it is measured as =
> "rising=20
> prices", which therefore that is my, and I think our Party's, =
> definition=20
> of it. It may be caused by "too much money ...", when it is =
> "demand-pull=20
> inflation", or by other factors (e.g. rising oil prices or higher =
> interest=20
> rates) when it is "cost-push inflation".</P>
> <P>And, once again, the A+B model postulates as a corollary that we =
> have=20
> cost-push inflation more than demand-pull. "There are factors in =
> the=20
> economy (B costs) that push the cost of goods above the level of =
> consumer=20
> purchasing power." So of course economists who deny the Douglas =
> analkysis=20
> don't understand where inflation is coming from.</P>
> <P>Regards. <FONT color=3D#339933 size=3D4>John =
> R.</FONT></P>
> <BLOCKQUOTE=20
> style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #a0c6e5
> 2px =
> solid; MARGIN-RIGHT: 0px"><FONT=20
> style=3D"FONT-SIZE: 11px; FONT-FAMILY: tahoma,sans-serif">
> <HR color=3D#a0c6e5 SIZE=3D1>
> From: <I>"W. McGunnigle" =
> <wmcgunn@maxnet.co.nz></I><BR>Reply-To:=20
> <I>socialcredit@elistas.com</I><BR>To:=20
> <I><socialcredit@elistas.com></I><BR>Subject: <I>Re: =
> [socialcredit]=20
> Social Credit and Inflation--and related issues</I><BR>Date: <I>Sun, =
> 12 Feb=20
> 2006 23:04:53 +1300</I><BR>>Hi Kenneth<BR>> I had not really=20
> considered that question of "inflation"<BR>>as it operated in our =
>
> economy, but was intrigued by your comment that<BR>>socalled =
> "economic=20
> experts" have never produced a really satisfactory answer<BR>>as =
> to why=20
> it happens. I find that, on reflection, all their=20
> "explanations"<BR>>appear to be waffle with little or no =
> substance to=20
> back up their comments.<BR>>They are very good at manipulating =
> figures,=20
> but very short on statisdtical<BR>>analysis of those figures. =
> They always=20
> have an excuse as to why their<BR>>forecasts are incorrect. My =
> youngest=20
> brother has a theory that inflation has<BR>>nothing to do with =
> money or=20
> product availablity, but is the direct result of<BR>>propaganda=20
> perpetrated by banking organisations who encourage =
> price<BR>>increases by=20
> simply stating that inflation is increasing and prices =
> must<BR>>increase=20
> to compensate for it. They don't have to state any reasons,=20
> but<BR>>simply create an atmosphere whereby price increases are =
> accepted.=20
> Inflation,<BR>>i.e. increased costs for goods and services, =
> follows on as=20
> a self-induced,<BR>>self-fullfilling prophesy. Effectively =
> "inflation" is=20
> a mind set rather<BR>>than an economic consequence. I cannot see =
> how this=20
> can be quantified, but I<BR>>can see the logic in his argument. =
> It=20
> certainly explains the "stagflation"<BR>>phenomena where costs =
> still=20
> increased despite falling industrial production<BR>>and =
> increasing=20
> unemployment.<BR>> Bill Mc Gunnigle<BR>>----- Original Message =
>
> -----<BR>>From: "Kenneth Palmerton"=20
> <kenpalmerton@cix.compulink.co.uk><BR>>To:=20
> <socialcredit@elistas.com><BR>>Cc:=20
> <kenpalmerton@cix.compulink.co.uk><BR>>Sent: Friday, =
> February 10,=20
> 2006 5:40 AM<BR>>Subject: Re: [socialcredit] Social Credit and=20
> Inflation--and related issues<BR>><BR>><BR>> > =
> In-Reply-To:=20
> <00aa01c62844$b0b3d320$6400a8c0@cdv73pbgpo6eny><BR>> >
> =
> Hi=20
> Wallace.<BR>> ><BR>> > For a very long time I have been =
> of the=20
> opinion that economists do NOT<BR>> > understand "inflation". =
> Even=20
> their attempts to describe it, and offer a<BR>> > definition =
> leave me=20
> much less than convinced of their competence.<BR>> ><BR>> =
> > They=20
> seem to offer no logical explanation of why prices rise.<BR>>=20
> ><BR>> > I have sat with fellow directors of a =
> manufacturing=20
> company around our<BR>> > board room table looking at each =
> other=20
> wondering if our competitors would<BR>> > let us get away with =
> a price=20
> rise of our products.<BR>> ><BR>> > This was not so much =
> an=20
> exercise in maximising our profits, as trying<BR>> > =
> desperately to=20
> cover our costs. This I believe is a common scenario,<BR>> > =
> common to=20
> most companies in mature markets.<BR>> ><BR>> > Coming =
> to=20
> understand later the rightness of A+B has helped, with its<BR>> =
> >=20
> reference to purchasing power, which was the other thing we=20
> Directors<BR>> > agonised over. Would our customers have the =
> money in=20
> their pockets when<BR>> > they chose our products ?<BR>>=20
> ><BR>> > This enlightenment came too late for me and mine I =
> fear=20
> :-))<BR>> ><BR>> > Ken.<BR>> ><BR>>=20
> =
> ><BR>><BR>><BR>>---------------------------------------------=
> ------------------------<BR>>Some=20
> introductory materials to the discussion topic of this list are=20
> at<BR>>http://www.geocities.com/socredus/compendium<;BR>>You're =
>
> subscribed to this list with the email =
> johngrawson@hotmail.com<BR>>For=20
> more information, visit=20
> =
> http://www.eListas.com/list/socialcredit<;BR></FONT></BLOCKQUOTE></DIV><BR
> =
> =20
> clear=3Dall>
> <HR>
> Shop =91til you drop at <A =
> href=3D"http://g.msn.com/8HMAENNZ/2743??PS=3D47575";=20
> target=3D_top>XtraMSN Shopping</A>=20
> =
> <P><PRE>-----------------------------------------------------------------=
> ----
> Some introductory materials to the discussion topic of this list are at
> http://www.geocities.com/socredus/compendium
> You're subscribed to this list with the email dan@danmorin.com
> For more information, visit http://www.eListas.com/list/socialcredit
> <P></P></PRE>
> <P></P></BLOCKQUOTE></BODY></HTML>
>
>
> <p><pre>----------------------------------------------------------
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> Some introductory materials to the discussion topic of this list are at
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> You're subscribed to this list with the email kenpalmerton@cix.co.uk
> For more information, visit http://www.eListas.com/list/socialcredit
> <p></pre><p>
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