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(John Rawson wrote:-) That would, of course, include
money issued by a Credit Authority as per Douglas recommendation.
(Joe replies:-) No, not if it was used to 'lower' consumer
prices first. As per the CPD. There you've increased credit issue
and put money into the hands of the consumer without raising prices. While
at the same time business profit can be maintained as each cycle of production
can be made more fully financially self liquidating. I think that's called
'prosperity'.
(John continues:-) . However, in the modern high taxation state,
it would be ridiculous to pass all new money to the public and then simply tax a
large proportion back from them before it could be spent.
(Joe replies:-) But you're not doing that, John. Think about how
the CPD works. Using one possible mechanism, no new money passes
to the public until AFTER the sale has been made, and the goods are in their
hands. Then they get the rebate, and have effectively got
the goods at a lower price. So you're not "taxing it back from them before
it could be spent" in that instance, are you?
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