| Subject: | [socialcredit] Answering Joe | | Date: | Wednesday, January 3, 2007 11:38:36 (-0800) | | From: | William B. Ryan <w_b_ryan @.....com>
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| In reply to: | Message 4422 (written by Joe Thomson) |
Joe, it's just a criticism. No conceivable model will
ever be complete and every conceivable model will
contain contradiction at some point in its
extrapolation. That's what Goedel's theorem tells us.
And it stands to reason inasmuch as models are
simplifications.
I look at it this way: A payments are being paid into
account balances held by consumers. B payments are
being paid into account balances held by firms.
If the ratio of B is increasing to A, which is what we
would expect if the structure of production is
lenghthening and broadening with increasing division
of labor and process, it is difficult to think of how
A could be increasing proportionately to A + B.
The question is: How is A + B from the structure of
production brought forward into prices at the point of
retail?
Answering that question involves answering additional
questions about how accounting works.
So, A + B is really a theory about accounting and not
strictly speaking economics.
--- Joe Thomson <thomsonhiyu@shaw.ca> wrote:
(Bill wrote:-) "I've pointed out a potential weakness
in Joseph's taxonomy, in which he tells us where B1
goes but leaves open where B2 goes."
(Joe replies:-) I don't want to divert the discussion
you and Jim are having away from the questions he's
asking, but this is the second time you've made
reference to where B2 goes recently. And I get the
impression that it is of importance to what's being
discussed. To satisfy my own curiosity, just what are
the possibilities for where B2 goes?
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Answering Joe
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