Re: [SOCIAL CREDIT] Two Points

[william_b_ryan]

Douglas never said the "B equivalent" is created as
an "interest bearing debt."  In fact, Douglas never
used the term "interest bearing debt."  To prove me
wrong find one instance from his thirty year public
career where used the term.  In *Economic Democracy*
he referred to both "loan credit" and "cash credit"
as being each appropriate depending on its purpose. 
I'm afraid that social crediters have misunderstood
Douglas from the beginning.

The "equivalent to B" with emphasis on the
"equivalent" could not be the measure of the dividend
because in an expanding economy the increasing
increment to B must always derive substantially from
loan credit.

The financial monopoly would diminish through time
with the increasing dividend.

More and more of that increasing increment would
derive from consumer savings, and the investment of
entrepreneurial profits deriving from sales to
consumers.

--

--------- Original Message ---------

DATE: Sat, 14 Jun 2003 16:14:59

From: Campbell Rayfield <[EMAIL PROTECTED]>

To: [EMAIL PROTECTED]

Cc:

If Bill Ryan does not agree that:

 

1. the ‘gap’ between prices and incomes is made up by interest bearing debt created by the financial system.

2. that Social Credit advocates that this ‘gap’ should be created as a dividend.

 

Then we must ask:

1. Where does the B equivalent come from?

2. What did Douglas advocate to remedy the ‘gap’?

and most importantly

3. If you disagree with the two points above are you in disagreement with Social Credit and Douglas?

 

Regards

Campbell Rayfield

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