At 08:39 PM 19/02/03 -0500, you wrote:
why do you assume that the benefits don't accrue to the owners of the group b
payment instantly? In fact, in acrual accounting, all payments are
identified with the period in which they are earned. Theoretically, there is
no lag. The owners of the group
At 04:11 PM 18/02/03 +1000, you wrote:
Can anyone explain to me how profits can be distributed as income
before a sale is made (price is met)? If there is insufficient purchasing
power to provide effective demand, i.e. meet the prices generated in the
same period of production which price
At 02:46 PM 18/02/03 +1000, Victor Bridger wrote:
Dr. Bruce R. McFarling says further:
Keynes argues that the income generated by effective demand is equal to
that effective demand, but that only a portion of income finances effective
demand, so that the shortfall that must be made up comes
This points to the difference between the Douglas and
Keynes approaches to analysis. Douglas aggregates
salaries, wages and dividends. Keynes aggregates
salaries, wages and profits.
Its not either or, is it? So-called Earned Income,
which simply means income as the liabilities of firms,
At 03:41 PM 14/02/03 +, Wally Klinck wrote:
In response to recent commentary and debate:
The objective is to ensure that these are always equated and that the
capacity to produce is never artificially restricted by a lack of money.
This fits with what I have read in _Social Credit_ so far.
At 10:48 AM 14/02/03 -0700, you wrote:
Wally says that Social Credit is a Christian principle put into practical
theory for the implementation into society.
This may or may not be true and is possibly more a matter of perspective.
My contention is that because of the overt connection to
At 07:25 PM 15/02/03 +0200,
Jessop Sutton [EMAIL PROTECTED] wrote:
1. Can it be that 'one size fits all?' The situation in South
Africa (let alone Zimbabwe) seems vastly different than America,
Canada, England, Australia. Can Social Credit be set out in a
'system' that satisfies all?
If its
Question:- Is there a defined or optimum relationship
between total cash in circulation (including held by
banks) and total issued credit?
There is no defined relationship ... banks tinker with
the ratio all the time as they balance liquidity
requirements, reserve requirements, and costs of
At 11:29 AM 31/01/03 -0500, Michael Lane wrote:
Douglas says, Falling prices, by themselves, are the
most perfect method of passing improvement of process
on to consumers
Note the potential appeal for a green Zero
Material Growth economy to have positive
economic growth reflected in stable
At 08:57 AM 1/02/03 +1000, you wrote:
Victor Bridger [EMAIL PROTECTED] wrote:
VB Response. I cannot agree. I have made a very simple
explanation. The quantity of money is $10.
It is when you assume a fixed quantity of
money at hand that have an example that only
applies to a fixed income per
This posting raises several points that
may help make clearer where Keynes
system and Douglas's system both differ
from mainstream economic theory,
Keynesian or otherwise. The two
are far more closely related than it
may seem if one takes the so-called
Keynesian analysis of Samuelson and
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