Douglas� theorem suggests that without his proposed remedy, there would be a steady build-up of goods --- �Price� and a corresponding displacement of labour. Since his remedy has never been applied (other than partially, and for a short while only, in one state in Canada), can anyone show me that there is an accumulation of un-purchased goods in the world? Also, are there any statistics to show that the proportion of �unemployed� is any greater now than, say, the period immediately before the Industrial Revolution?
I suppose I should also ask if there is in fact a large, and steadily increasing, value of unliquidated loans in the banking system? Jessop. ----------------------------------------- On Tuesday 24 Jun 2003 6:09 am, Ekky Irion wrote: > Douglas having discovered the covert mechanism that ..." in the context of > the A+B theorem, which assumes that income is normally insufficient to > amortize debt, not because of interest, but because of labor displacement". > . "The A+B theorem demonstrates that they would have it if it [money] were > not for labor displacement. Furthermore, the theorem demonstrates that > loans cannot self-liquidate in the presence of labor displacement even at a > zero rate of interest." ==^================================================================ 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 ==^================================================================
