Hello Jessop! (and Others)
I sympathize with you and have posted the remainder (first part) of
Chapter 8 (The Remedy) from H.M.M.'s THE STRUGGLE FOR MONEY hoping
that this may answer some of your questtions. When a bank makes a loan
or purchases a security it creates new credit-money; when it
Sorry, below should read we need NOT the creation of incomes through
wasteful and destructive activity, et.
Wally
Wallace M. Klinck wrote:
Hello Jessop! (and Others)
I sympathize with you and have posted the remainder (first part) of
Chapter 8 (The Remedy) from H.M.M.'s THE STRUGGLE FOR
In The General Theory, Keynes suggests that Douglas expressed mere
mysticism. No doubt Keynes was well aware of the actual nature of the A
+ B Theorem. He chose not to challenge the system. Beatrice and Sydney
Webb, fellow Fabian Socialists, had said that they were not concerned
about the
There are times when I think I have the A + B theorem, and then I lose it
again. It becomes very confusing to a non-academic, but that shouldn't be so
because it affects us all equally. Can I just ask a couple of questions?
1. Supposing that new credit (new money) is authorised or issued only
