| Subject: | Re: [socialcredit] the non-neutrality of money | | Date: | Saturday, July 26, 2008 22:45:54 (+0200) | | From: | Swieto Radosci <radosc @........pl>
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| In reply to: | Message 5469 (written by william_b_ryan) |
william_b_ryan@yahoo.com wrote:
> In reality, while the construction of the plant is being financed with new credit, the rate of profit by other firms is increasing with the increasing spending, inducing the increasing production of real goods and services into final consumption. The problem of inflation has more to do with the way new credit is introduced than the fact that it is introduced.
>
But we see something different from your view - more profit means not
obviously higher production, but often higher incomes of top managers
and stockholders who block their spendings by savings. Production is not
more any problem these days, rather underconsumption.
Kristof Levandovski
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