(John Rawson wrote:-
) My point is that there will be public control of the purse in
some form, no matter what course we take. Either way, we will have an independent body
deciding how much new money is needed.
After that comes the decision which ways it will be
spent into circulation. Government is going to decide the level of public
spending necessary, whatever its source. For that component, we can have
Government allocated a portion of the new money, or the somewhat ridiculous
method of paying people with one hand and taking it back with the other.
(Joe replies:-) My understanding is that there are but ‘two’
ways this “new money” might be “spent into circulation”. The recipient of the National Dividend might
decide to buy something with it. And
someone who has already bought something, and has subsequently been credited
back with the Compensated Price Discount amount on that purchase, might decide to buy
something else with this credit.
What you’ve written above sounds to me
like you’re saying that the ‘Government’ is going to decide
how much of “the new money” (that would go into the ND and CPD
payouts), is going to be ‘allowed’
CONSUMERS, and how much it’s going to appropriate for itself. Now if this is so, just ‘how’
does this ‘Government’ appropriation, taken from a TOTAL amount
computed to allow an
OVERALL previous cost-accountancy cycle
of production to be FULLY ‘financially
self-liquidating’, still allow that to happen?