salvation through inflation the economics of social credit phần 9 doc

... of. funds, but 244 SALVATION THROUGH INFLATION different kind of break from the one he hypothesized in his critique of bank credit. The A + B Theorem has nothing to do analytically with the credit ... democratization of investing. 19. Why doesn’t the “problem” of the A + B Theorem also exist beyond the day of Social Credit reform? 20. How can any economic...

Ngày tải lên: 09/08/2014, 19:22

... separate the value of the collateral from the monetary effects of the credit on the collateral. In this respect, Social Credit is the representative example of all other fiat money credit reforms ... the issue of money. The Target of His Criticism The failure of capitalism, Douglas said, is the failure of fi- nancial credit to match the output o...

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... debate on Social Credit. They want out. What is the difference between the value of the tickets in the first example and their value in the second? The seats are physically the same. The tickets ... tickets do not. 152 SALVATION THROUGH INFLATION Major Douglas’ Confusion: Money and Credit The problem for Social Credit is that Douglas confused the issue of...

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... View, the First Report of the Christian Doctrine of Wealth Committee of the Congregational Church of Scot- land.s2 29. Fahay The Rulers of Russia (3rd cd.; Dublin: Regina Publications, 196 7), ... 73-75 incoherent, 236-37 294 SALVATION THROUGH INFLATION Fascism, 194 , 198 ,237 fiat money, xi (see also money) Final Judgment, 125,210,220 finance credit, 243 fina...

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... Aborted ( 198 9) Political Polytheism ( 198 9) The Hoax of Higher Critici.$m ( 199 0) The Judeo-Chtitian Tradition ( 199 0) lbols of Dominion: The Case Laws of Exodus ( 199 0) Victim’s Rights ( 199 0) Westminster’s ... ( 199 1) Christian Reconstmction ( 199 1), with Gary DeMar The Cease Theorem ( 199 2) Political~ Incorrect ( 199 3) Rapture Faer: Why D@ensationali....

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... to the problem of price inflation to turn the power of money creation over to the politicians rather than the central bankers. The politicians of the French Revolution des- troyed the value of ... 193 3- 194 9. In the early 198 0’s, the fringe of the far left in Europe and the U.S. also began to study these connections. A European perspective was presented by...

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... blueprint. The Opportunity of a Lifetime In 193 5, .in the middle of the Great Depression, the Social Credit League won 89% of the seats in the legislature of the Western Canadian province of Alberta. ... book, Credit- Power and Democracy ( 192 0). Philip Mairet was one of the early partisans of Social Credit. He compiled The Douglas Manual in 19...

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... offset the effects of the second law of thermody- namics. We produce increasing order out of the apparent disor- der of our environment. 8 The standard physical explanation of this is that the ... openly followed the monetary theory of the self-taught16 economist, J. A. Hobson, who argued, as Douglas summarized him, for the inadequacy of the money available i...

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... by the State, then the State has become the true owner. The tools of production are in the hands of the State. Thk is the essence of socialism. Decapitalization Through Mass Inflation During the ... Nott, 193 4), p. 104. 3. See Appendix A below. 174 SALVATION THROUGH INFLATION participate in the profits of the firm. Whether the firm makes a profit...

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... restrain the accumulation of power in the hands of an elite? The Premise of Inflationism Social Credit is one more scheme in a long list of fiat money inflation schemes which stretch back to the ... earlier. This is the issue raised by Professor Mises in 191 2,01 by Professor Knight in 192 1 F* and by Pro- fessor Hayek from 193 1 through the 197 0’s. ss (Hay...

Ngày tải lên: 09/08/2014, 19:22