| Subject: | Re: [socialcredit] Re: Goldsborough Bill ("Time " article) | | Date: | Monday, January 29, 2007 18:06:03 (-0500) | | From: | Joe Thomson <thomsonhiyu @....ca>
|
| In reply to: | Message 4477 (written by William B. Ryan) |
Thanks, Bill.
Yes, I believe you're quite right, Goldsborough did have "something more in
mind. "
In the appendices of C. Marshall Hattersley's "Wealth, Want and War" is
reproduced the text of what I assume was the last Goldsborough Bill, (H.R.
7188), which dealt with Compensated Retail Prices somewhat along "social
credit" lines.
It was introduced in 1937, at the first session of the 75th Congress.. At
the end of the text quoted, Hattersley writes:-
" The foregoing takes the place of Mr. Goldsborough's former bill H.R. 9216,
of the previous Congress. The new bill is shorter, and in some respects
less interesting than its predecessor. In particular, the present bill
contains no provision for the issue of national dividends, nor any provision
corresponding to that of H.R. 9216 for the retirement of money by means of a
negative discount rate. Perhaps this latter is held to be sufficiently
implied in the present bill, or perhaps it is thought to be an unnecessary
precaution. Certainly H.R. 7188 seems less complete as a Social Credit
measure than Mr. Goldsborough's former bill. Nevertheless, the bill is based
on the fact of plenty, and aims first at enabling the people of the United
States to consume and enjoy what they can already produce, and only secondly
at increasing productive capacity."
Joe
----- Original Message -----
From: "William B. Ryan" <w_b_ryan@yahoo.com>
To: <socialcredit@elistas.com>
Sent: Monday, January 29, 2007 10:59 AM
Subject: Re: [socialcredit] Re: Goldsborough Bill ("Time " article)
> "Yet it seems here that Goldsborough was more
> interested in getting 'commodity prices' to rise than
> in the Social Credit prescription Douglas was
> offering. Would that be correct, Bill?"
> ----------------------------------------------
> -----------------------------------------------
>
> Commodity prices would have been an index in surrogate
> for the entire economy. During the previous two years
> the money supply had contracted by something like a
> third, bringing prices down but also stifling trade
> and commerce. The Goldsborough bill was an attempt to
> restore the status quo ante. Indeed, the Fed was
> already trying to do that, as the Time article
> indicates, but through what we would call "orthodox"
> methods, which it still utilizes. I think that
> Goldsborough may have had something more in mind.
> Rather than pumping money into the system, by
> trickling from the top down through Wall Street, as
> the Fed was doing, the Douglas prescription would have
> been through dividends directly to consumers, and
> retail discounts, percolating into the economy from
> the bottom up. Which seems to me would have been much
> a more effective method of increasing the money
> supply, and counter-inflationary.
>
>
> --- Joe Thomson <thomsonhiyu@shaw.ca> wrote:
> [snipped]
>
>
>
>
____________________________________________________________________________
________
> Now that's room service! Choose from over 150,000 hotels
> in 45,000 destinations on Yahoo! Travel to find your fit.
> http://farechase.yahoo.com/promo-generic-14795097
> ---------------------------------------------------------------------
> 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
|
Re: [socialcredit]
Reply to this message