| Subject: | RE: [socialcredit] saving and production | | Date: | Thursday, May 31, 2007 20:59:37 (+0000) | | From: | John G Rawson <johngrawson @.......com>
|
Thanks, Bill.
"Increase in the rate of production ... as a whole", where it needs funding
(not just taking up the slack by part-idle machines etc), would come from
starting new systems (e.g. better machines) and starting completely new
industries. If you read my previous comments, I referred particularly to funding
the latter. How (by what precise mechanism, please!) could new and risky
industries, particularly small private ones, be assured for "new credits" for
their enterprises? Or would all new ideas have to be instigated in practice by
the big concerns that could carry them under the R & D portfolios?
I both
understand, knew, and agree with the information in your second comment here, but
it shed no light whatever on your objection to my earlier comment.
Regards. John R.
From: <william_b_ryan@yahoo.com>
Reply-To: socialcredit@elistas.com
To:
socialcredit@elistas.com
Subject: [socialcredit] saving and
production
Date: Thu, 31 May 2007 10:58:05 -0700 (PDT)
>"My quibble is simply
this, how 'That credits required
>to finance production shall (I note the
imperative, I
>mistakenly quoted 'should') be supplied not from
>savings but
....' can be translated as 'savings can be
>used to finance some of
production'."
>-------------------------------------
>--------------------------------------
>In
Douglas' theory the term "production" means
>strictly a rate of production. You
might recall that
>Swanwick referred to the financing of "new"
>production. In
the Douglas theory new production is
>an increase to the rate of production for
the
economy
>as a whole. Continuation of production at the current
>rate is not new
production, but turnover that might be
>accommodated with a fixed quantity of
money or credit.
>New production in the sense that Douglas used the term
>is not
even now financed from abstention from
>consumption in the macroeconomic sense,
but new
>credit. It probably always has. The social credit
>program would simply
rationalize this natural process.
>-
>
>"You have also answered one of Bill's
comments to me,
>in pointing out that savings reduce purchasing power.
>That was
the basis of my comment that Douglas, at the
>time, would have wanted to reduce
one of the factors
>that he had identified as causing a deficiency in
>purchasing
power."
>-------------------------------------
>--------------------------------------
>Douglas
suggested several reasons why there was a
>"gap" between "prices" and "purchasing
power," an
>increase to the rate of saving being one of them. His
>solution to
these purely financial anomalies was the
>rationally introduced national dividend
and retail
>discount--as ongoing accounting adjustments--such that
>sales match
the costs of production being impressed to
>the point of
retail.
>
>
>
>
>
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