| Subject: | Re: [socialcredit] Definition of inflation | | Date: | Saturday, February 18, 2006 01:13:54 (+1300) | | From: | W. McGunnigle <wmcgunn @.........nz>
|
Hi Joe
Your comment about labour shortages in certain "protected"
industries was very revealing. I was unaware that it was so critical during
the late stages of WWII particularly in the timber industry of the Pacific
NW of continental USA, and BC in Canada. It emphasises the point that when
there is full employment even government regulations cannot make people stay
in poorly paid jobs. Do you know of any other times when this situation has
arisen apart from those mentioned in your observation?
Bill McGunnigle
----- Original Message -----
From: "Joe Thomson" <thomsonhiyu@shaw.ca>
To: <socialcredit@elistas.com>
Sent: Friday, February 17, 2006 5:02 AM
Subject: Re: [socialcredit] Definition of inflation
> I think this is borne out by what happened in both Canada and the USA in
the
> Second World War. While many 'consumer goods' weren't being made, and
there
> was 'rationing' that largely controlled the overall supply available of
what
> was being made, the 'market' demand for 'labour' couldn't anywhere near be
> as effecively controlled.
>
> In regards to under-the-table ways employed by many firms to try to pay
> their crews competitive enough wages to keep them on the job in the face
of
> government imposed 'wage' controls, there most certainly was a 'black
> market' of sorts operating. The problem for firms then was lots of market
> (the entire 'war machine'), but a definite shortage of labour, and
> particularly skilled or experienced labour to keep producing the product
and
> fill the demand. .
>
> This was a very big problem in both the BC and US Pacific Northwest lumber
> industries. The US had considerable difficulties keeping woods workers
from
> taking higher-paid, closer-to-'civilization', jobs in the burgeoning
> shipyards that sprang up in various large West Coast urban centres. In
BC,
> despite the exemption of forest industry workers from military
> 'conscription', and the release from active duty of many who had joined
up
> early in the war, retaining experienced crews was such an enormous problem
> that some operators, late in the war, encouraged their crews to 'Unionize'
> and strike for the higher pay they were quite willing to pay them, if
only
> the 'government' would allow them to.
>
> Joe
>
>
> ----- Original Message -----
> From: "Martin Hattersley" <hattersleyjm@interbaun.com>
> To: <socialcredit@elistas.com>
> Sent: Wednesday, February 15, 2006 5:35 PM
> Subject: Re: [socialcredit] Definition of inflation
>
>
> > My own researches lead me to believe that, although "wage and price
> control"
> > may limit both wages ane prices in the short run, especially if backed
up
> by
> > some patriotic salesmanship, they inevitably break down as a "black
> market"
> > develops. At which time prices and wages rise to what they would have
> been,
> > based on money supply factors, had the controls never been put in place.
> >
> > Martin Hattersley
> > 1970-10123-99 St.,
> > EDMONTON AB CANADA
> > Phone (780)423-4081;Fax(780)425-5247
> > e-mail: hattersleyjm@interbaun.com
> > ----- Original Message -----
> > From: "Kenneth Palmerton" <kenpalmerton@cix.compulink.co.uk>
> > To: <socialcredit@elistas.com>
> > Cc: <kenpalmerton@cix.compulink.co.uk>
> > Sent: Wednesday, February 15, 2006 10:40 AM
> > Subject: Re: [socialcredit] Definition of inflation
> >
> >
> > > In-Reply-To: <00a801c63211$5e7fbb60$6400a8c0@cdv73pbgpo6eny>
> > > Hi Wally.
> > >
> > > My apologies if I have provoked you into a monologue upon your
feelings
> > > about the Soviet system. And though I agree with you about the
downside
> s,
> > > that provocation was NOT my intention.
> > >
> > > I wished to challenge the orthodox assumption, that is universally
> taught
> > > in the west, that if there is an increase in the money supply, there
HAS
> > > to be an increase in prices.
> > >
> > > I have pointed out Galbraith s job of price control in WW2 in the US,
> > > though to suggest it now would almost certainly give the Gurus of Wall
> > > Street apoplexy :-)))
> > >
> > > Our experience here in the UK at that time was that Keynes invented a
> form
> > > of compulsory saving, euphemistically called "Post War Credits". In
> which
> > > the high wages of the workers left at home, and not unproductive and
in
> > > uniform, were syphoned off from immediate purchasing power.
> > >
> > > So that cast iron "law" that we are all taught is not so cast iron
after
> > > all :-))
> > >
> > > Ken.
> > >
> > > -------- Original Message --------
> > >
> > > X-Envelope-From:
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> > > 15 Feb 2006 02:22:35 -0700 (MST)
> > > Date: Wed, 15 Feb 2006 02:22:40 -0700
> > > From: "Wallace M. Klinck" <wmklinck@shaw.ca>
> > > To: socialcredit@elistas.com
> > > Message-id: <00a801c63211$5e7fbb60$6400a8c0@cdv73pbgpo6eny>
> > > MIME-version: 1.0
> > > X-MIMEOLE: Produced By Microsoft MimeOLE V6.00.2900.2180
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> > > References: <memo.703877@cix.compulink.co.uk>
> > > <001301c631a3$69b2e5c0$bad44246@cc.shawcable.net>
> > > Subject: Re: [socialcredit] Definition of inflation
> > > X-Envelope-To: kenpalmerton@cixcouk.cix.co.uk
> > > X-UIDL: _1cD.M5y8DB.mta02.mx
> > >
> > > Precisely, Joe.
> > >
> > > I was in Russia (and the Ukraine) around 1980 prior to the "fall" of
> > > "communism." They did not even have refrigeration. There were only
two
> > > bookstores in Moscow--with nothing displayed (although McGraw-Hill
> > > textbooks were being unpacked in the back!) other than the works of
> Marx,
> > > Lenin, and other communist authors. We flew on AeroFlot--but even our
> > > guide, Luba, was white-knuckled and admitted she didn't like flying..
> The
> > > food in the hotel was most unsavoury--and, although the paper menu in
> the
> > > dining room was decidedly "gourmet", an attempt to order revealed that
> > > only about two dishes could actually be obtained--Stroganoff and
chicken
> > > which latter was so tough it was impossible to cut! I suggested to
> our
> > > guide that it must have been run over by a Russian tank! Oddly,
caviar
> > > (which I can't stand) was served at a special dinner! Any building in
> the
> > > country-side looked like a dilapidated relic from out of a previous
> > > century. Of course, I was aware that the state elite had special
> > > accommodation, imported food, special medical care, etc. The
> distribution
> > > of income was actually much more unequal than in the West--with the
> > > existence of the Nomenklatura, a more or less secret class of
> > > millionaires. Sombre middle-aged men on aircraft pretended to be
> reading
> > > newspapers while their eyes were trained on the back of the seat in
> front,
> > > listening to whatever they could hear of other passengers' talk. A
> friend
> > > of mine, raised to be sympathetic to communism, assisted in the
conduct
> of
> > > guided tours from Canada to the U.S.S.R. He was picked up and
> > > interrogated at nights by the K.G.B. and shown extensive scrapbooks
> > > listing people in Northern Alberta and asked what were their politics
> and
> > > activities. Needless to say, my friend did an about face when
> confronted
> > > with this priority given to "security" and "intelligence" by the
> "supreme
> > > state." The socialist Utopia was seen to have "feet of clay."
> > >
> > > The point is, the scarcity and lack of elementary freedom
> characteristic
> > > of the Soviet "system" represented inefficiency in delivering
abundance
> > > and freedom to the consuming (or better, "working" or "slaving")
public.
> > > The command economic (and political) system allocated resources
> according
> > > to "state" priorities and was heavily skewed toward capital vs
consumer
> > > goods--and was grossly inefficient from the standpoint of delivering
> > > consumer satisfaction. Money was plentiful because of the Soviet
system
> > > of accountancy and controlled or administered prices, but motivational
> and
> > > organizational problems resulted in shortages of real consumer goods
> and
> > > services. The Soviet "economy" was more a mechanism designed for
> "people
> > > control" than a genuine production system.
> > >
> > > Social Credit recognizes that excess and unnecessary production of
> capital
> > > (and wasteful consumer) goods, merely to provide purchasing-power for
> > > purchase of earlier production, and so to "keep the system going", is
> > > inefficiency in terms of the Social Credit objective of a
> > > consumer-motivated economy. In both "capitalism" and "communism" an
> > > increasing and unwarranted
> > > emphasis is given to capital production--as a means of "people
control."
> > > So although prices were controlled in a system of central
> > > state-administered "production" in communist U.S.S.R., this was
merely
> a
> > > masking of inflation by arbitrary means. The price to be paid in real
> > > terms was scarcity, misdirection of resources and political tyranny.
> > > Thus, according to the Social Credit concept of "inflation" as a
measure
> > > or reflection of inefficiency, the U.S.S.R. was characterized by a
very
> > > high level of "inflation."
> > >
> > > The inefficiency and misdirection of resources toward wasteful and
> > > destructive (e.g. war) ends in the West is a measure of the real
> > > "inflation" in this part of the world. Because the consumer is
charged
> in
> > > prices with capital depreciation but not credited with capital
> > > appreciation the consumer is robbed of the real benefits of modern
> > > technology by being allowed to access the results which flow from it
> only
> > > by increasing work. The citizenry is, thereby, denied the increased
> > > potential leisure by which to enjoy not only the actual, but also the
> > > potential, real abundance which does, and which might, flow from the
> ever
> > > modernizing productive system. All existing systems which employ tools
> to
> > > produce goods and services are "capitalist." They merely vary in
degree
> > > of centralized control and administration. They all are firmly based
> upon
> > > the concept of work as the essential requisite and justification for
> > > consumption--as I have previously noted, upon the unChristian (and
> > > un-Social Credit) notion of Salvation through Works, as opposed to the
> > > concept of Salvation through Grace.
> > >
> > > Social Credit is distributist and offers a very different
dispensation,
> > > where access to wealth is increasingly based upon right by general
> > > inheritance and increasingly less upon industrial, commercial or
> > > institutional "work", now essentially forced upon the individual by
the
> > > necessity of survival in the context of excess overall financial
> > > costs--"payable" only by means of exponentially expanding debt claims
> > > against the future.
> > >
> > > Wally
> > >
> > > ----- Original Message -----
> > > From: "Joe Thomson" <thomsonhiyu@shaw.ca>
> > > To: <socialcredit@elistas.com>
> > > Sent: Tuesday, February 14, 2006 1:15 PM
> > > Subject: Re: [socialcredit] Definition of inflation
> > >
> > >
> > >> Who wants to live in any of those Russian apartments and have a
> lifelong
> > >> diet of only one kind of bread?
> > >>
> > >> Joe
> > >> ----- Original Message -----
> > >> From: "Kenneth Palmerton" <kenpalmerton@cix.compulink.co.uk>
> > >> To: <socialcredit@elistas.com>
> > >> Cc: <kenpalmerton@cix.compulink.co.uk>
> > >> Sent: Monday, February 13, 2006 12:56 PM
> > >> 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.
> > >>>
> > >>> -------- Original Message --------
> > >>>
> > >>> X-Envelope-From:
> > >>> socialcredit-return-3390-kenpalmerton=cix.co.uk@elistas.comReceived:
> > > from>> q4.elistas.net (q4.elistas.net [216.66.20.202]) by
> > > mta02.mx.cix.co.uk>> (8.13.4/CIX/8.13.4) with SMTP id k1D3KbTF030724
> > >>> for <kenpalmerton@cix.co.uk>; Mon, 13 Feb 2006 03:20:37 GMT
> > >>> Received: (qmail 1117 invoked from network); 13 Feb 2006 04:30:40
> +0100
> > >>> Received: from mail.e-listas.com (66.7.164.206)
> > >>> by q4.elistas.net with EMQP; 13 Feb 2006 04:30:40 +0100
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> > >>> for <socialcredit@elistas.com>; Sun, 12 Feb 2006
> 20:54:20 -0500
> > >>> (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>
> > >>> MIME-Version: 1.0
> > >>> Content-Type: multipart/alternative;
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> > >>> In-Reply-To: <BAY21-F27F9B18DD2F90F8C2C9A6BD040@phx.gbl>
> > >>> Subject: RE: [socialcredit] Definition of inflation
> > >>> X-Envelope-To: kenpalmerton@cixcouk.cix.co.uk
> > >>> X-UIDL: _egH.Hs_7DB.mta02.mx
> > >>>
> > >>> ------=_NextPart_000_00C5_01C63017.90412F90
> > >>> Content-Type: text/plain;
> > >>> charset="iso-8859-1"
> > >>> Content-Transfer-Encoding: 8bit
> > >>>
> > >>> 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>;>
> > >>>
> > >>>
> > >>>
> >
>
> --------------------------------------------------------------------------
> >
> > > -
> > >>> -
> > >>> --
> > >>> Shop 'til you drop at XtraMSN Shopping
> > >>>
> >
>>> ---------------------------------------------------------------------
> > >>> 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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> > >>> <HTML><HEAD>
> > >>> <META http-equiv=3DContent-Type content=3D"text/html; =
> > >>> charset=3Diso-8859-1">
> > >>> <META content=3D"MSHTML 6.00.2900.2604"
> > > name=3DGENERATOR></HEAD>
> > >>> <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>-------------------------------------------------------------------
> > >>> --
> > >>> 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
> > >>> For more information, visit http://www.eListas.com/list/socialcredit
> > >>> <p></pre><p>
> > >>>
> > >>> ------=_NextPart_000_00C5_01C63017.90412F90--
> > >>>
> > >>>
> > >>>
> > >>
> > >> ---------------------------------------------------------------------
> > >> 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 wmklinck@shaw.ca
> > >> For more information, visit http://www.eListas.com/list/socialcredit
> > >>
> > >>
> > >> --
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> > >> Version: 7.1.375 / Virus Database: 267.15.8/260 - Release Date:
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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 kenpalmerton@cix.co.uk
> > > 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 thomsonhiyu@shaw.ca
> > For more information, visit http://www.eListas.com/list/socialcredit
>
> ---------------------------------------------------------------------
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> You're subscribed to this list with the email wmcgunn@maxnet.co.nz
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