Thanks, William (is that how you are generally addressed, or as Bill?). What is of interest to me at this stage is, assunimg the comcept of Social Credit has advanced sufficiently, what would be the practical way to implement it; how would governments be persuaded to make the change, and what would be the 'visible' consequences short-term? Has any one ever set out a simple ten-steps plan for implementation?
I know it is a hard question, but for a bone to be worth chewing on, there has to be some prospect of nourishment coming from it. One other comment: In a country such as South Africa, there are really two levels at which money operates. There is a large segment -- I would guess abot 80% who never use the banking services. The author Joanne Harris in her book 'Five Quarters Of The Orange', has her protagonist say of her mother: "I remember the coins and notes as they slid against the metal; my mother didn't believe in banks. She kept our savings in a box under the cellar floor, along with the more valuable of her bottles." It is commonly known here that money is kept in a box under the bed, or hidden in a mattress. It has been known for a man to walk into a car-dealership and pay the price of a pick-up in cash. To these people, token notes and coinage are more than token money; they are the everyday medium of exchange. In this sort of economy, shells would work as well as notes, up to the point where the local 'capitalist' deposits it into his bank account. How will this 'low-level' economy effect the Social Credit money-system? Am I introducing a redherring here? Does this fall more into the ambit of the "new economics" tradition embraced by SANE? Forgive me if that is so. Jessop. ------------------------------- On Saturday 25 January 2003 18:25, you wrote: > Jessop, I'm not advocating these policies, I submitted the book excerpts > for discussion. They are interesting in that they are purely Keynesian > before Keynes, so much so that I thought that "P. W. Martin" might be a > pseudonym for Keynes himself, floating ideas in a sort of "trial baloon." > > P. W. Martin wrote several books - four or five - beginning in the early > 1920s. The first two were very Douglasist. This - I think the third - is > almost an outline for Keynes' "General Theory" published in 1936. What the > "General Theory" adds to the 1929 Martin book is that it melds the ideas > into the language of "marginal utility" making them more acceptable to > academic economists. > > Martin is very obscure. I first saw the name in a footnote to a paper by > Hayek. > > He possibly was a member of the Fabian Society. ==^^=============================================================== This email was sent to: [email protected] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html ==^^===============================================================
