Attention: Bill
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I am forwarding the following as per your request. Thanks for=20
converting it from PDF to readable text herein. I hope that it may give=
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a somewhat different and expanded view of Murray's book. The material=20
also may help to answer certain questions arising on the
[Bill] The fact is that in terms of cash flow
(which are rates), M is normally greater than M', not less than M', yet
firms in the aggregate book profit continuously--which is exactly
opposite to what seems must be intuitively true. It comes down to how
credit is counted through time. Dear
Dear Douglas interested folk,
I, as a member of the Topica Social Credit list,
will send this message only once.
---
1. The teachings of Douglas are already diffuse and
difficult to comprehend.
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[reply] Be that as it may, we are trying to
---may at first glance appear to be counter-
intuitive, but it's not happening here. My common
sense seems to get in the way of it. E.g. When my old
neighbour Kay sells a house and arranges a private
mortgage to be repaid to himself...---
Nothing prevents anyone from doing that. There is a
Re my previous posting of Chapter 8, The Remedy, from Murray's THE
STRUGGLE FOR MONEY:
Please note that where figures are quoted and preceded by an A, this
means British Pounds. In the paragraph beginning The same pathetic and
brainless, etc. the word cliches is mispelled. Also, please
