Bill, You say this:- "And Rodney Shakespeare take note: Increasing corporate dividends through distributed ownership schemes will also add to the numerator what it adds to the denominator, so therefore cannot be the ultimate solution to the "gap" between "prices" and "purchasing power."
Please note that the Seven Steps proposals contain interest-free money for wide ownership purposes and a first secure income AND, in the ensuing counter- inflationary situation, debt-free money for a second secure income which would both keep a stable level of prices AND provide consuming power. Rodney Shakespeare. ------------------------------ By "interest-free money" I presume you mean interest free loans. Regarding the decreasing ratio of A to A + B, "interest-free money for wide ownership purposes" would add equally to both the numerator and the denominator of the ratio. As such it could be quite inflationary, not deflationary, as you assume. Your false assumption is that if loans are for "productive" purposes they cannot be inflationary. That is because even though they are "interest free," they are loans that will have to be amortized through sales, which is an impossibility for the economy as a whole if A is falling in respect to A + B. There are good arguments for distributing ownership. Addressing the problem revealed by A + B is not one of them. _____________________________________________________________ Get 25MB, POP3, Spam Filtering with LYCOS MAIL PLUS for $19.95/year. http://login.mail.lycos.com/brandPage.shtml?pageId=plus&ref=lmtplus ==^================================================================ This email was sent to: archive@mail-archive.com 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 ==^================================================================
