To: A few sincere reformers and many devious defenders
of the status quo (DDotSQ) on my copy list.Keith, Your thoughtful statement, copied below, gives two precepts of social credit, as you understand this "policy of a philosophy." Everyone who dares to venture an opinion on this subject seems to agree on the philosophy, which thinks well of human beings as a species and desires liberty and justice for each individual. But our frequent posters part company on just what policy will effect the "Paradigm Shift" that Wally, others, and I believe is necessary to enable the "optimum policy." I agree completely with your first precept: "that social wealth accumulates." Here is; Karl Marx's "surplus value" seized by the capitalist, the root of Douglas' A + B Theory, and the wealth to be distributed among "New Capitalists" by Louis Kelso's policy. The mal-distribution of this wealth accumulated "by virtue of natural human striving" offends every sincere reformer. But is the mal-distribution caused by corporations and governments becoming too powerful, or, by parenting households becoming too weak? The second cause can be corrected, with advantage to all concerned, by an open discussion of how to strengthen parenting families. Only the DDotSQ will be opposed, and the status quo is a policy of genocide done slowly. I disagree completely with your second precept: that the mal-distribution can be corrected "via monetary policy." Since the beginning of the industrial revolution, the English speaking WHIPs (Wealthy, Healthy, Intelligent, and powerful folks) have been ahead of the curve in developing the methods and institutions needed to maximize the efficiency of, and the return on investment from, their capital plant. The US banking industry and the Federal Reserve System works like a charm and is envied by other industrial nations. The three great 20th century injections of money (M1) into the economy, shown in Fig10d.gif, simply created speculative bubbles because the deficiency of purchasing power among parenting households had depressed the demand for additional investment in productive capital plant. When I wrote to Katherine Graham, Patrick Moynihan, and Peter Peterson about monetary policy in 1994, the 7%/year run up of M1 over the previous three decades was halted abruptly at $1,200 Billion, and stayed at that level for nine years as shown in Fig2-3.gif at the URL below. M1 of $1,200 Billion is more than adequate to run our $10,000 Billion GDP economy as illustrated by a technically valid macro model, Fig4-3.gif, backed up by Wassily Leontief's 42 industry Input/output table, 1966, to show how the "real" economy (250% of GDP) works. That deficiency of purchasing power is not a monetary problem, it is a moral problem which Japan and Europe solved after World War II. Notice, Keith, that cswriter1 responded to your inquiry by asking, "Is this social credit concept different from technocracy?" And [EMAIL PROTECTED],com answered: "Yes." They are indeed different policies from the same philosophy, but they have this in common with all other policies of the 20th century, none of them presented the public with a technically valid model of an industrial economy, such as Fig4-3, to inform the public interest. If anyone has a better model than Fig4.3, by all means let's use it to inform our discussion. Kind regards, Wes Burt To further explore "The Optimum Policy" illustrated at URL <http://www.epie.org/cyber-soc/default.htm> please join me at list <[EMAIL PROTECTED]>. --------- Forwarded message ---------- From: Keith Wilde <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] Date: Sun, 31 Aug 2003 08:23:48 -0700 Subject: Re: RE: [SOCIAL CREDIT] "Fungibility" Message-ID: (deleted by Wes Burt) Wes, It seems to me that both you and Michael are so wrapped up in preaching your own brands of economic reform that you have not paid any attention to the fundamental concept and precept of Social Credit which are, as I understand them: 1, --Social wealth accumulates (or can, if conditions permit) by virtue of natural human strivings, mainly via embodied technology and culture; 2. --The vehicle for equitable sharing of this accumulation is NOT via taxation and government spending, but rather via monetary policy. I invite corrections from the Social Credit experts. Keith ---- Original Message ----- From: <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Cc: <[EMAIL PROTECTED]> Sent: Saturday, August 30, 2003 5:54 PM Subject: Fw: RE: [SOCIAL CREDIT] "Fungibility" > Hi folks, > > In the forwarded message below, Bill Ryan chides Michael > Bindner for his opinion that the benefits of a social dividend > must be deferred "until the debt is paid off and the scope > of government reduced." This exchange reminds me of > "The Screwtape Letters," 1943, by C. S. Lewis, Professor > of Medieval and Renaissance Literature at Cambridge > University, in which the Senior Devil "Screwtape" chides > his nephew "Wormwood" about the hazards of being > too specific when teaching human beings what they > should never think about. In this age of reason, only > one thing remains that the congregations of our Judaic, > Christian, Islamic, and Protestant tradition are forbidden > to think about: namely, the "geometric relationship" > between the fixed costs of acquiring a productive asset, > the fixed cost of sustaining the asset when in production, > and the variable costs of production over the useful life > of that productive asset. Unfortunately, that "geometric > relationship" occurs twice in every human enterprise, first > in the capital asset at 90 degrees and again in the human > asset at 270 degrees in the macro model, Fig4-3.gif But the > "geometric relationship" remains invisible until we view it > in the micro model, FIG7-9D.GIF and Fig8.1.gif > ~~~~~~~~ (Balance of post deleted by WesBurt) ~~~~~~~ --^---------------------------------------------------------------- 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 --^----------------------------------------------------------------
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