For domestic spending, no, it doesn't ever have to. It
only has to compensate for an excess in effective
demand. The example of the movie theatre that can
seat 100 and that we have printed out 80 tickets for
is exactly right: as long as we do not print out 21
extra tickets, there is not a
Jessop, not speaking for Bruce, of course, I'll say
this.
The potential for capital outflow through trade
deficit has to be addressed by any Social Credit
regime.
A possible remedy is this:
The retail sales tax in Texas does not apply across
the board, there are exemptions for many items,
