| Subject: | [socialcredit] Re: [GJM] Transfinancial Economics and Social Credit | | Date: | Friday, August 15, 2008 15:07:58 (-0700) | | From: | Peter Hogwood <p_t_hogwood @.....com>
|
In all due respect, Chris, there is no analogy between Robert Searle's goofy
"Transfinancial Economics" and Social Credit.
Most importantly, Robert provides no theoretical justification for creating
money and just handing it out, except for listing what is tantamount to the
magical benefits he believes would result from doing so. See http://kheper.net/essays/Transfinancial_Economics.html
Social Credit starts from the premise that, in the system of national
accountancy that has historically evolved, with continuing "labor displacement"
among other factors, there is normally a "gap" between "prices and purchasing
power," with prices meaning the cost basis of prices that are expensed against
sales at the point of retail. This means that there is a shortage of purchasing
power if not consciously compensated. The analogy is to the calendar which must
be compensated through leap years. The gap can be filled safely through the
National Dividend and Retail Discount programs without inflation. Through time,
filling this gap, through what is in effect macroeconomic accounting adjustment,
will allow the economy to reach its full productive potential. Certain controls
would simultaneously be placed on the availability of bank credit in most Social
Credit proposals. See http://en.wikipedia.org/wiki/User:Social_Credit/Sandbox
. Also see the
materials at http://geocities/socredus/compendium .
Please note that the "gap" is a limited quantity. Social Credit does not
propose unlimited money creation.
Where is the limit to the amount of money that may be created in Robert's
system?
Peter
--- On Mon, 8/11/08, chris cook <cojock@hotmail.com> wrote:
Re: [GJM] Transfinancial Economics and Social Credit
Monday, August 11, 2008 9:51 AM
From: "chris cook" <cojock@hotmail.com>
To: discussion@globaljusticemovement.net
To all intents and purposes Robert's de-centralised "computer programs" in his
"Transfinancial Economics" are analogous to the centralised "National Credit
Office" in "Social Credit" theory.
Qualitatively, I don't see much difference between the computerised price
setting and monetary distribution of Robert's "TransFinancial Economics" and the
arcane "Compensated Price" and "National (or Consumer) Dividend" you and your
alter ego Social Crediters advocate.
Best Regards
Chris Cook
> Date: Fri, 8 Aug 2008 13:37:35 -0700
> From: p_t_hogwood@yahoo.com
> To: discussion@globaljusticemovement.net
> Subject: [GJM] Zimbabwean Economics
>
> Perhaps Transfinancial Economics should be renamed Zimbabwean Economics, inasmuch as the policy to stop collecting taxes and just printing money is in actual practice in that pitiable land.
>
> Peter
|
Re: [GJM] Transfin
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