Joe, these are interesting quotes from Douglas. You
juxtapose them against my statements. None of the
Douglas quotes contradict my statements.
I've interjected some commentary below:
--
C H Douglas, The New and the Old Economics : ~
The method by which most modern financing is done,
under
Statement of fact. This does not mean
that debt compounds because of interest. Nor does it mean that you
borrow money to pay interest. You borrow money for new
investment. That presumably increases the earnings of those who
borrowed previously.(Bill).
Call me a "crank" well-meaning or not,
