----- Original Message -----
Sent: Wednesday, February 12, 2003 8:35
AM
Subject: [SOCIAL CREDIT] Real Demand,
Compensated Price, Social or Consumer Dividend
Bill Ryan has indicated
that Social Credit
proposes to better match real demand to
productive capacity in any nation
willing
to modestly reform its
economic practice.
There is no hint that SC would
reduce real
demand -- rather it would
raise monetized
demand to the level of our
capacity to pro-
duce all
needs.
Moreover it would raise that
capacity to levels
that would ensure that
people now poor would
enjoy the real equivalent of a living wage or
better.
Bill also indicated
that the primary
mechanisms
to raise productive capacity
and raise monetized
demand by people who are
now poor would be
the mechanisms we call a
compensated price
and a consumer dividend.
Similar to Bill's information
is the following ency-
clopedia
entry:
Social
Credit, an economic plan in Canada, based on
the theories of Clifford Hugh Douglas. The
central idea
is that the problems fundamental
to economic depression
are those of unequal
distribution owing to lack of purcha-
sing power. To solve these
difficulties Douglas proposed
a system of issuing to every
citizen dividends, the amount
of which would be determined by
an estimate of the nation's
real wealth; the establishment
of a just price for all goods
would be the result.
The program became highly
influential in Alberta during the
depression years, and the Social
Credit party, led by William
Aberhart, won a
resounding victory in the provincial elections
of 1935.
The program included
distribution of a social dividend of
$25
a month, but
it proved impossible to put this scheme
into practice. Attempts to tax banks and to enter on
currency schemes
were declared unconstitutional by
the courts in Canada.
Nevertheless, the party remained
in power in Alberta until
defeated in 1971. In the federal
parliament, the party re-
tained 6 seats until 1980, when it lost them
all.
Now I would like to contrast
and compare all
the above -- Ryan's and the
encyclopedia --
with my thoughts of
yesterday:
SOFTER
MONEY, KINDER LAW,
GREATER
FAITH IN EACH OTHER
o My personal friends and
our government frequently
ask for more money to solve acute
problems.
o Our government recently said all the money they
need
is really MY money or OUR money but NOT its
money
-- not, that is, government's
money.
o My friends and I don't really have any money. So I
wonder if our government is right -- maybe it does
have money but cannot find it ?
o Asking
around, some of my friends have heard that
the
government's budget does not all have to come
out of
taxes we pay and money we
lend it when we
(and larger lenders) buy government notes and
bonds.
o We heard that the central bank by practice (and
law
if Congress enacts one) can trust the government
and
so advance it spending
money against bonds
whose coupons government would
own and
whose principal would only be
sold to buyers
if necessary to
prevent serious inflation.
The decision of whether or when to sell these
special
bonds would be left to the Congress in session
when
the sale might take place.
o Now, considering the President's
recent idea and fore-
cast that hydrogen power was on
its way, we pray the
Congress and the American people
will authorize
a special hydrogen budget that will be
a trial for
spending that resembles WW II spending and
applies
the principle of special bond financing.
o
We further pray Congress and the people will
observe
the results of the above trial. If
success is achieved,
in that serious inflation
does not follow the spending,
the next trial, or
possibly the first, will be to finance
the fifty
states in these present hours of need.
o In reasonably short
order, we want these special
bonds to be used to
ensure that poeple looking for
work are NOT denied
the chance to earn a living
because government is
looking to me and my friends
for money that special
bonds may provide. I and
my freinds don't have it and
we are sure that
government does.
It seems to me that SC in the
1930's needed
money it tried to raise from a tax on banks.
In contrast, I suggest the money needed for
SC goals can come from special bond financing
similar to that which financed the arsenal of
democracy in the 1940's.
The SC program for a just or
compensated
price appears to me to be
related to cost price
with profit margins (over
cost) to be varied for
good reason -- but not varied
by producers
for reasons of their own --
like rapid growth
from sales and retained
earnings or high
dividends to greedy
owners.
My own ideas on pricing goals
and policies
include reward for cost-plus
pricing and
subsidized competition to
combat near-
monopoly and oligopoly price abuse.
The Alberta Social Credit
Party is alive and
policies, goals and objectives
all speak of
a practical centrist agenda
suitable to any
modern nation. It is
very light on debtless
money and silent on taxless,
indexed-sav-
ings fiat money.
I hope this discussion forum
can develop
several agendas so that
if we attract a
constituency they will know
what we want.
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