RE: No Financial Inclusion Today! No Financial Inclusion Tomarrah! Or For Eternity, Even
August 10, 2019 at 7:07 pm
(August 10, 2019 at 6:33 pm)mascale Wrote: So there is an Old and a New Testament around which any can discard a lot. Nixon had proposed fixed percentage wage-price, usury-based, guidelines. Senator McGovern would offer $1000.00 per, acceptable publically even to action-actor, famous John Wayne. With basis in ancient Greece, then simple Euclidean Geometry could be applied. The upside-down right triangle becomes fixed percentage pay raises. That fits into a rectangle, with lines parallel to the bottom and the top, clear across-the-box. Pre-Keynes, the need for equal-amount players in the market-place: Had not been known at all. Keynes arithmetic would fill up the right, empty side, of the box: With public works spending, for the widely left-out. The concept of "Pay-it-back-later," does not apply even in a Trump Economy, however. Some lies cannot be blamed on the White House. The raises--percentage to the diagonal, equal clear across the box: Are the little dots that make up lines, each infinite in number. Total Net Debt approaching $70 or $80 tril. levels is probably close enough. That being the source of money--the Total Credit Market--then "Tree-god-growth" looks more like arithmetic, and not a deity.
"Crow, James Crow: Shaken, Not Stirred."
(Beer can still be left on the hearth, awaiting the Sumer(?)!)
I confess to knowing very little about economics. I don't know Keynes' arithmetic at all.
It seems to me that Matthew 20-based systems would have to be very simple -- not Democrat-style plans where you can apply for means-tested rebates if you jump through the proper hoops.
If the source of money is just credit and debt, invented by banks, it seems that redistributing that would be possible, if the moral will was there. That's a big if.