(John Rawson wrote:-
) So no Dividend because it will cause demand
inflation? Of course any undue ijjection of money could. But only after production (or, of course, importing, which is a
danger) had risen to meet it and been fully absorbed.
(Joe replies:- ) “After
years of controversy, the A+B theorem, which indicated the necessity for a
national dividend, in some or several forms was grudgingly admitted. But said the cavillers, it is a matter of
little importance; hardly worth attention.
That a price drop of 2 per cent over the whole range of consumable
goods is a national dividend of 2 per cent on a capital of about twenty
thousand million pounds is just something they cannot grasp.” ~ C H Douglas, 1949
If we have a credit authority to determine how much
money can be issued without causing inflation, I
fail to see the distinction. But I do see the ridicuolous setup of giving
people money with one hand only to take it back in taxes.
(Joe replies:- ) If you
were increasingly able to pay for things which you need and want out of your
own pocket rather than having to pay for them through the ‘government’,
why would you have to “take it back in taxes”?
Under those circumstances even a dividend
could fuel rising price inflation if it had no price control mechanism
inbuilt. I refer to the price paid to the vendor, not the cost to the buyer.
(Joe replies:- ) If you are using ‘credit’ to
LOWER consumer prices, through the Compensated Price Discount, how can you
possibly get ‘inflation’? C’est impossibe, mon ami! The only control mechanism that needs to be ‘inbuilt’
is a mutually agreed upon restriction of profit on TURNOVER in regards to how
LOW a per cent markup might be set by those large
merchants who might wish to monopolize a market through using the ‘discount’
to ‘predatory price’ their smaller competitors out of
existence. The CPD is entirely
contingent on consumer prices ‘falling’. If the merchant raises his
prices. the discount becomes inoperative. Take a simple example, currently in existence
without any CPD. Hemlock 2x4s (4x2s to
you guys) at 35 cents a lineal foot will sit in the pile and rot. Lower the price to 25 cents a foot and we can’t
keep ‘em in stock. I don’t really make anything on them at
25 cents a foot, (though they’re an effective ‘loss leader’
to get the customer in to buy something else), but what do I make on them at 35
cents a foot if they’re not selling and going rotten sitting here? Something is always better than nothing. Always.
RE: [socialcredit]
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