|Subject:||[socialcredit] Re: What is the actual "gap"?|
|Date:||Friday, February 8, 2008 09:00:04 (-0800)|
|From:||william_b_ryan <william_b_ryan @.....com>
"It must be obvious that the real limit that the rate
at which something representing purchasing power could
be issued to the *public* is equal to the maximum rate
at which goods can be produced..."
The keyword here is "maximum." The maximum today may
well be much less than it would be a year from now,
after a program of increasing effective demand
consistently applied through time.
It is tempting to take such statements as "prices are
five times too high" to mean that he is recommending
an eighty percent retail discount, whereas, it seems
to me, a much smaller retail discount will achieve the
purpose through time, the time required to effect
change in the actual world of physical reality. And I
think that would have been Douglas' position.
Whenever he was forced to state a number for the
discount it was on the order of a more realistic
twenty-five percent, as in his Social Credit Plan for
The safest course, it seems to me, is to start with a
relatively small discount including the dividend,
which we gradually increase, so that we might deal
with unforeseen consequences as they occur. Such a
course seems most likely to bring naysayers over to
A note to our new subscribers: Douglas' books
*Economic Democracy,* at Googlebooks, *Warning
Democracy,* at the Australian League of Rights, and
*Social Credit,* at Mondopolitico are now available
online. I will forward photocopies of *Control and
Distribution of Production* and *Credit-Power and
Democracy* to anyone who requests.
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