| Subject: | [socialcredit] Fwd: RE: [distributism] The Rabbit | | Date: | Tuesday, April 19, 2005 15:40:37 (-0700) | | From: | William B. Ryan <w_b_ryan @.....com>
|
Note: forwarded message attached.
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>I think Professor Gunning may have been triggered
>to go over the deep end with my implication that
>his train of logic may be representative of what
>we might expect from "a creature called rabbit."
Humour understood, having read Eimar O'Duffy's "Assinaria" recently.
Seriously, though, the following explanation from the correspondence Bill
referred to is a straightforward case covered by post-war [electronic]
control theory.
Social Credit does NOT propose an increase to the
quantity of money. It DOES propose a credit applied
at the point of retail - as a matter of accounting -
to enable demand to match supply. That's all that
Social Credit proposes. The percentage is determined
by what is required to accommodate that match. If
nothing is required then the credit is zero, period.
Social Credit analysis - based on the A + B theorem
in the form of reductio ad absurdum - concludes there
is a defect in the system of accounting which
entrepreneurs use to measure the effectiveness of
their decisions that is not resolvable at the level
of the individual firm."
An electronic control system amplifies the error, i.e. in a speed control
system a difference between the target and the actual speed. This is then
used to [normally] drive up the speed until (when the difference were zero)
the required speed is reached. Unfortunately this doesn't work, because in
the that case the drive would switch off and the machine would slow down
again. In fact it settles with just enough drive to keep it starting to
switch off, where the error is 1/A th of the error which would exist without
the amplifier. To more or less get rid of this "residual error" the speed
setting has to be turned up a corresponding amount, by circuits averaging
the error voltage over a period of time.
The same process often occurs when driving a car. If one has an hour
available to cover 60 miles, then one may well drive at 60 miles per hour.
If however one's speedometer (one's "system of accounting") is a little
slow, one may find after thirty minutes that one has travelled only 29 miles
instead of the expected 30. To compensate for this and what would be a
similar loss of time in the second half hour, one increases the speed to 62
miles per hour.
The mathematics of what Bill is saying is just the same as this.
Dave
[Non-text portions of this message have been removed]
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