| Subject: | Re: [socialcredit] In reply to Keith, more on A+B | | Date: | Wednesday, April 11, 2007 09:45:10 (-0400) | | From: | Keith Wilde <keithwilde @.........ca>
|
OK, I think I get it. The analogue with the gas pedal is helpful.
Keith
----- Original Message -----
From: <william_b_ryan@yahoo.com>
To: <socialcredit@elistas.com>
Sent: Tuesday, April 10, 2007 10:44 AM
Subject: Re: [socialcredit] In reply to Keith, more on A+B
> "Do you mean the ratio of A+B to A+C, or that A+B is
> itself a ratio rather than a sum?"
> -------------------------------------------------
> ------------------------------------------------
>
> A + B is a sum in which the ratio of B is increasing
> to A because of labor displacement. If that is the
> case, it is impossible for the reflux from A to
> amortize A + B without the inclusion of C.
> -
>
> "Or is what we want a rate of change in A+B to be
> equal to the rate of change in A+C?"
> -------------------------------------------------
> ------------------------------------------------
>
> Not necessarily equal but proportional at any point in
> time. You must be clear by what is meant by "rate of
> change." I refer you to the attached diagram, with
> time depicted on the horizontal axis as flowing from
> left to the right.
>
> Depicted is quasi-steady state expansion in the first
> third of the diagram, steady state in the middle, and
> quasi-steady state contraction in the last third. The
> lines are drawn as "parallel" or "proportional" except
> during the transient periods of change. The vertical
> lines represent points in time.
>
> The red and blue lines represent flows in terms of
> rates. Their slopes represent increase or decrease to
> their rates.
> -
>
> Think of C as the throttle pedal in your car. You
> don't calculate beforehand how far you will push it
> down. You push it down. You have your speedometer
> and what you see happening out your windows to
> determine how you will adjust the pedal as you go
> along.
>
> The Federal Reserve is already injecting central bank
> credit into the system through its so-called open
> market operations. That credit is in offset to
> commercial bank debt. It raises the rate of profit
> dollar for dollar as it is injected. It is helping to
> close the "gap" between "prices" and "purchasing
> power."
>
> Step One of the Social Credit Program would have the
> central bank to phase out of its open market
> operations while at the same time introducing the
> dividend/discount paid at least monthly if not weekly
> or daily. The amount to be paid in the
> dividend/discount would be roughly equivalent to what
> is now being injected through open market operations
> in the very beginning. That would be the bottom line.
>
>
> C would be increased continuously thereafter to the
> limit of productive capacity and real demand.
>
> That would have the new credit percolate up from the
> point of retail rather than trickling down from Wall
> Street, so its effect would be more significant in
> terms of economic democracy.
>
>
> --- KEITH WILDE <keithwilde@sympatico.ca> wrote:
>
> OK Bill, you have clarified that it is the term
> "precise amount" to which you object. I suspected
> that was target of your comment. But it seems to me
> that your explanation adds precision to the nature of
> required calculations (and data gathering/estimation)
> rather than to support the assertion that "there is no
> need to calculate any amount whatsoever".
>
> You have in fact affirmed my presumption that "we want
> to look at.the ratio of A + B, or entrepreneurial
> spending, to real production".
>
> This seems clearly to imply some work for a central
> data gathering and analysis agency. That was the
> point of my comments to Joe. (I remain interested and
> uncertain over just what that activity entails and
> what its ramifications and implications might be.)
>
> You add the further precision that "what we want to is
> introduce an element C through the dividend/discount
> such that the ratio A + B remains constant to A + C
> through time".
>
> Do you mean the ratio of A+B to A+C, or that A+B is
> itself a ratio rather than a sum? Or is what we want
> a rate of change in A+B to be equal to the rate of
> change in A+C? "The ratio will not become constant
> until C is raised sufficiently. You keep increasing C
> until, if and when, the ratio becomes constant."
>
> Keith
>
>
>
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