>>>If I were to guess...it might have something to do with keeping the money out of that 'jam jar in the back yard', and in circulation. <<<
This was Silvio Gesell's proposition picked up by Keynes. We may take the jam jar to be metaphor for income received that has not been spent for the products of industry but rather investment. Douglas expanded the concept to include account balances held by firms in that both consumers have jam jars and firms have jam jars. Rather than forcing people--like good fascists--to spend their money faster on goods and services, by cracking the whip, by the progressive taxation of the money in the jam jars, or whatever, Douglas would apply simple macroeconomic accounting adjustment to accommodate the differential between the costs of production and the money in the jam jars. People who want to put money into jam jars can put money into jam jars. People who want what industry can produce can have what industry can produce. In a free society one does not impinge nor preclude the other. -- >>>It would seem to me...that 'interest' under Social Credit might still be a way of constraining the individual that could be misused. <<< Interest is simply the name for the gross profit received by the financial sector. The financial sector (the "banks") is the most pervasive monopoly imaginable. It is a natural monopoly because being a monopoly benefits all of us--but we need to recognize that, and they need to recognize that. That means must we bring the monopoly under conscious control and restraint. But we cannot bring it under control unless we understand how it works. I'll say categorically, anyone who advocates that interest be abolished does not have the foggiest idea how it works. You speak of "constraining the individual." You definitely constrain the individual if you prohibit the charging for services rendered, for if you prohibit the charging for services rendered in an otherwise free society, you make impossible the supply of the services. The alternative to charging and paying for services rendered is some permutation of slavery. ____________________________________________________________ Get advanced SPAM filtering on Webmail or POP Mail ... Get Lycos Mail! http://login.mail.lycos.com/r/referral?aid=27005 ==^================================================================ 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 ==^================================================================
