|Subject:||[socialcredit] Re: [GJM] Government Spending, and Transfinancial Economics, or TFE.|
|Date:||Saturday, March 25, 2006 12:16:05 (-0700)|
|From:||Martin Hattersley <hattersleyjm @.........com>
Could I just say that I am getting very tired of postings that try to "sell"
some complete solution to the world's problems, whether Georgism, TFE,
prayer five times a day, or whatever.
I believe we would get very much further ahead if we isolated the different
factors in our present economic system that need to be corrected - the debt
money system; the monopolization of land; the need for a guaranteed basic
income for all etc. etc.
I find that when I am simply asked to subscribe to a "label" of whatever
kind, my mind shuts off.
EDMONTON AB CANADA
----- Original Message -----
From: "robert searle" <firstname.lastname@example.org>
Sent: Saturday, March 25, 2006 11:54 AM
Subject: [GJM] Government Spending, and Transfinancial Economics, or TFE.
> Dear All,
> A criticism levelled against Transfinancial
> Economics, or TFE is that governments would be tempted
> to overspend. This is unlikely by the very nature of
> the system involved. How, and why?
> The Treasury Bank would be an independent public
> authority, or even in full, or in part a type of
> private commercial company. Unlike taxation there
> would be no lump sum of billions to use rightly, or
> wrongly by any democratic government in power. In
> other words, new unearned money would have to be
> created "out of thin air" (like banks but not as a
> repayable loan) in a measured manner. Any finance
> order from government would be independently checked
> out to ensure that the planning, and relevant
> resources were REALLY sound, and beneficial. This
> process would be fast, and effective with virtually no
> This approach could be used by Grant Generating Banks
> for specific NGOs who would have to present credible
> plans that were carefully costed. Any excess amounts
> could be applied for if absolutely necessary, and
> would be checked out to see if there is a genuine
> need. Thus, the grants they receive are always given
> in a measured way. With donations, and fundraising
> finance though there are large, or small lump sums of
> finance which a NGO may be tempted to deliberately
> misuse in some way...
> As can be see TFE does not create new unearned money
> in an irresponsible fashion. If it did it would loose
> all credibility as a true beneficial system of
> finance. No doubt other laws could be instituted to
> ensure that funds are created responsibly.
> Ofcourse, it must be forever remember that the influx
> of new unearned money into the Economic Financial
> System leads to GREATER PRODUCTIVE ACTIVITY WITHOUT
> HYPER-INFLATION. This opens all sorts of new
> oportunities for society....It certainly goes beyond
> Binary Economics, and Interest Free Monetary Reform
> which are fine, and necessary to a certain extent..
> R. Searle
> PS. The Treasury Bank, and the Grant Generating Banks
> could under license become auto-profit companies. This
> means that profit does not come from their customers
> (in this case governments, and NGOs) but is
> self-created under regulation.
> Win a BlackBerry device from O2 with Yahoo!. Enter now.
> Discussion mailing list
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