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its a simple matter of Distributism instead of Debt Money should be paid into existence for useful work and basic human needs. In an energy-based economics, the monetary unit would be sensibly based upon Kilowatt hour and Calorie values for Embodied energy. http://letthemconfectsweeterlies.blogspot.com/2018/07/redefining-fiscal-conservatism.html …
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Hi, John quite possibly correct.MMT does not allow for the possibility that a differing political stance can be both sincere and correct if not one’s own personal choice. On energy Basis for money, it will, of course, seem alien #shockofnew http://letthemconfectsweeterlies.blogspot.com/2018/06/embodied-energy-cost-of-opportunity.html …
If you look at my Git Hub forks you will see my ingredients, Particularly if you can understand the Voucher systems for discounting and promotions and make the connection between those and the Self Credit Vouchers https://github.com/tonefreqhz
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and then understand Lagom puts the Voucher programability client side into the Currency. of choice, Complementary, Local, Club or even Fiat or supra National. This is the webinair I did for our dev team 2 years ago.
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If you look at the Bastiat discussion you will note that Proudhon basically says Credit can be done another way, thats what
@ProfessorWerner says too and @ProfSteveKeen is I think the furthest along with showing how things currently work -
with his Brilliant Minsky.
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Minsky is now much improved after funding from@KingstonUni & my @Patreon campaign https://www.patreon.com/ProfSteveKeen . Better Godley Tables, faster performance, Bookmarks to organise 100,000×100,000 pixel canvas. If only I had time to write a manual…
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(2) Wherefore of all modes of getting wealth this is the most unnatural Book I, 1258b.4 http://letthemconfectsweeterlies.blogspot.com/2017/09/money-does-not-initiate-economic.html …
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Have you read Benthams In defence of Usury, the Bogus treatise upon which the Usury mistake was institutionalised into modern political economy, it is based upon an un-requited correspondence Bentham tried to have with Adam Smith which he then published. https://www.econlib.org/library/Bentham/bnthUs.html …
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I don’t make assumptions. I try to describe reality. Banks are dominant features of our economies. They are ot intermediaries.@scientificecon
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It is clear from a thorough reading of Bentham that he did not distinguish between money someone had earned and money lent into being from nothing (big difference) Bastiat and Proudhon discussed the matter fully see here… http://letthemconfectsweeterlies.blogspot.com/2017/05/the-bastiat-proudhon-debate-on-interest.html …
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A TRILOGY IN FOUR PARTS.
USURY HELL´S FUEL MANS OPPRESSOR
BOURGOISE RESOLUTION AND
GLOBALISATION UN ENTANGLED.
USURY HELL´S FUEL MANS OPPRESSOR
BOURGOISE RESOLUTION AND
GLOBALISATION UN ENTANGLED.
1 thought on “MMT Billy and Murph’ mutual Fluff fest and the Usury Elephant in the room. A Twitter Discourse on Money,Debt and Interest #LabourAnti-Semitism”