Victor Bridger, Cal, Ev, John Gelles, Chick Hurst,
Wallace Klinck, Michael Lane, Maniac, Bruce McFarling, John O'Donnell, Dan Parker, Curtiss Priest, Alex Rupp, Steve Russell, William Ryan, Rodney Shakespeare, Sun, Jessop Sutton, and Keith Wilde.I mean the above to express appreciation to the List and the people compared to economic forums which do not endorse or pay attention to adding debtless money to the tools of industrial democracy.
Other forums do care that inadequate monetized demand plagues high production, distribution and consumption's potential to alleviate poverty, unemployment, pollution and progress toward the promise of science and technology to make these the best of times.
But to want to increase monetized demand to do its most good -- without stressing debt-free money -- is to contribute too little to an agenda for change that I can have confidence in or understand.
All I gain from such other forums is their penchant for tax and spend politics that finds enemies among low-earning taxpayers -- enough of them, as voters, to make electoral victory by our conservative opponents a nearly certain event.
Now on Ryan's debt-free money subsidies forum I find some who promote national legal tender and others who flirt with local scrip currencies. There is even a suggestion that peer-to-peer internet may facilitate an internet scrip to rival narrower kinds.
I do not insist that internet scrip is impossible -- the day when Microsoft, Visa and, say, China, team up to introduce debt-free internet money, good in many markets for purchases not unlike those at the Sharper Image, may arrive. But, for now, I'm trying to influence others to promote legal tender debt-free money as a reasonable path to our goals.
On this forum I believe we may have only one professional practicing economist -- of course there may be many more. I'm not one. Before retirement I was a professional practicing attorney and accountant. I took up economics because there were so many circa 1982 looking for work in the Volker depression.
In my first job with what is now Deloitte and Touche,
I was asked by a famous senior partner, William Werntz, to uncover accounting truths more profound than in the economics literature.I knew that Justice Jackson and the US Supreme Court had found that accounting was the logic behind making and accumulating money -- thee ruled against it as the final arbiter for the fair price of electricity and natural gas sold to categories of customers. (Hope Natural Gas Co.)
I knew too that John Maynard Keynes had found that money was a powerful weapon when Democracy goes to war.
I confessed to the senior partner I had not found an accounting truth to rival Keynes' doctrines that dominated thought at the time -- 1951.
He was satisfied I lacked the imagination to follow Stewart Chase, the accountant philosopher whose Proper Study of Mankind in 1948 gave the answer I did not devote my life to until 1983 -- A Nation Can Afford Whatever It Can Produce -- the truth that Stewart quoted from the ILO meeting in 1944 in Canada -- and a truth I have recently seen offered by Social Credit advocates from time to time.
Returning this story to 1982, I was mad as hell that we did not have a bank for full employment with as much money to lend as was needed to ensure everyone earned a living on a job or in self-employment.
I'm still mad as hell -- but that Volker thing has passed and the future can sometimes seem promising.
To get back to where I began, this forum is small but hopeful. Hardly any writers here are afraid for a nation to spend (lend or distribute) money free of debt and limited only by the price effect of the extra money. It is better than a very large forum chained to the opposite belief.
Will we reach several decent agendas, one, or several of which, might attract further support? Probably not. But I hope if we fail it will not be for lack of trying.
==^==^============================================================= This email was sent to: [email protected] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84vg4.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 ==^==^=============================================================
