Bill, you are confusing me. On several occasions you have spoken of a
"ticket", suggeseting that some form of direct disibursement to citizens
should be linked to particular consumables--e.g. medical care, while at the
same time dumping on a generalized cash disbursement like Basic Income as
unworkable. In the message below you suggest that HPM be disbursed directly
by the central bank. To be consistent with the interpretation I have been
forming, this central bank disbursement would have to be in the form of
"tickets" to specific consumables or services produced within the country of
issue. Is that what you have in mind?
Keith
----- Original Message -----
From: <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]>;
<[EMAIL PROTECTED]>
Cc: <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]>;
<[EMAIL PROTECTED]>
Sent: Wednesday, August 06, 2003 9:44 AM
Subject: RE: [SOCIAL CREDIT] Honest money. A red herring for Americans?
> ...our democratic political process has not been able
> to correct the 3% of GDP shortage of purchasing
> power, the 2.3%/year "natural rate of inflation," and
> the 4% to 10% unemployment rates which the US economy
> has suffered for more than a century.
> -----------------------------
>
> These percentages are about right and are explainable
> through the A+B Theorem.
>
> Basically, it works like this: What is called HPM
> ("high powered money," "base money" or "reserve
> money") is injected into the economy when the central
> bank purchases government securities through the so-
> called "open market" from a select group of dealers
> at the very top of the food chain.
>
> So the money trickles down from Wall Street into
> paychecks and employment benefits. The process is
> grossly inefficient. Just as with a drip coffee
> maker, much coffee remains in the grinds--and is
> wasted.
>
> The central bank could--and should--disburse a
> measure of HPM directly to the people in the form of
> dividends, to allow consumption to keep pace with the
> increasing productive capacity that finance and
> technology have ultimately enabled.
> --
--^----------------------------------------------------------------
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
--^----------------------------------------------------------------
