> If this should ever actually be tried, the rich would get the "1"s and the > poor would get the "0"s, though. I know, the rich are more deserving.
While binary economics is an interesting theory, like many products of those who 'think' for a living there are a few problems visible from the surface. First where would funding for the central bank come from? The theory says there would be no expropriation (taxation). If this were the case, there would likely be no funds. Secondly, if the loans are interest free, who, but the taxpayers, would pay the administrative costs of the program. Third, as imperfect as the suppy and demand model is, it does a reasonably good job of maintaining a balance between the two, except in cases like Tickle Me Elmo and the like. If there were no interest, or cost associated with borrowing the money, they could conceivably be unlimted demand. At that point, someone or some organization would have to be responsible for doling out the funds. They would, in effect be in charge of picking winners and loosers. Does that sound like an invitation for corruption? Please do not depend on the good heartedness of public officials... makes me want to gag. The reason Pete has a point with the 1s and 0s is that the rich understand how to work the system the poor do not, which is one of the differences in the first place. Larry Miller --- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
