What is money for (ezra pound) cogito, credo, petam wikipedia electricity generation


Both the Douglas social crediters and modern Catholics POSTULATE the JUST PRICE as a necessary part of their systems. The valid complaint against Douglas is that be didn’t invent and set up machinery for ENFORCING the just price. static electricity human body A priest recently reported to me that the English distributists had about got round to realising that they had no mechanism for instituting and enforcing just price.

There is nothing new in creating money to distribute wealth. If you don’t believe the Emperor Tching Tang issued the first national dividend in B.C. 1766 you can call it something else. It may have been an emergency dole, but the story will at least clear up one muddle. The emperor opened a copper mine and issued round coins with square holes and gave them to the poor ‘and this money enabled them to buy grain from the rich,’ but it had no effect on the general shortage of grain.

The term inflation is used as a bogey to scare people away from any expansion of money at all. electricity song youtube Real INFLATION only begins when you issue MONEY (measured claims) against goods or services that are undeliverable (assignats of the French Revolution issued against state lands) or issue them in excess of those WANTED. That amounts to saying: two or more tickets for the same seat at the same time, or tickets in London for a theatre performance tonight in Bombay, or for a dud show.

[Silvio] Gesell, the South American monetary reformer, saw the danger of money being hoarded and proposed to deal with it by the issue of ‘stamp scrip.’ This should be a government note requiring the bearer to affix a stamp worth up to 1% of its face value on the first day of every month. Unless the note carries its proper complement or monthly stamps it is not valid.

This is a form of TAX on money and in the case of British currency might take the form of ½d. or 1d. per month on a ten shilling note and 1d. or 2d. on a pound. There are any number of possible taxes, but Gesell’s kind of tax can only fall on a man who has, in his pocket, at the moment the tax falls due, 100 times, at least, the amount of the tax.

Gesell’s kind of money provides a medium and measure of exchange which cannot be hoarded with impunity. It will always keep moving. Bankers could NOT lock it up in their cellars and charge the public for letting it out. It has also the additional benefit of placing sellers of perishable goods at less of a disadvantage in negotiating with owners of theoretically imperishable money.

I am particularly keen on Gesell, because once people have used stamp scrip they HAVE a clear idea about money. They understand tickets better than men who haven’t used stamp scrip. electricity facts history I am no more anxious than anyone else to use a new kind of stamp, but I maintain that the public is NOT too stupid to use postage stamps and that there is no gain in pretending that they are too stupid to understand money.

… And if the national bills issued be bottomed (as is indispensable) on pledges of specific taxes for their redemption within certain and moderate epochs, and be of proper denominations for circulation, no interest on them would be necessary or just, because they would answer to every one of the purposes of metallic money withdrawn and replaced by them.

I say ‘when the state issues it,’ because when states are weak or incompetent or their issue inadequate, individuals and congeries of men or localities HAVE quite properly taken over this activity (or have retained it from pre-statal eras), and it is better, it is in fact necessary, that the function of the measure of exchange should be carried on than that it stop or break down altogether.

For example J. Q. Adams, one of the American founders, had some nice socialist or statal ideas about reserving the national wealth for educational and ‘higher purposes’. His proposals were UNTIMELY. electricity will not generally cause Jackson opened the land: settlers could go and take quite a bit each, free and gratis. It was timely and useful. BUT no provision was made to prevent the settlers transferring this land WHEN THEY HAD NO FURTHER USE FOR IT and didn’t want to work it themselves. Hence the U.S. land has fallen into great ownership.

If you don’t like the guild idea, go get results with some other, but don’t lose your head and forget what clean men are driving at. And don’t lie to yourselves and mistake a plough for a mortgage and vice versa. electricity problem in up It is useless to talk of economics or to listen to talk about economics or to read books on the subject until both reader and writer know what they mean by the half-dozen simplest and most necessary terms most frequently used. An Economic System

OWNERSHIP is the right which every citizen has to enjoy and dispose of the portion of goods guaranteed him by the law. “The right of ownership is limited, as are all other rights by the obligation to respect the rights of others. It cannot be prejudicial to the safety, nor to the liberty nor to the existence, nor to the ownership of other men like ourselves Every possession, every traffic, which violates this principle is illicit and immoral.

The perspective of the damned XIXth century shows little else than the violation of these principles by demoliberal usuriocracy. The doctrine of Capital, in short, has shown itself as little else than the idea that unprincipled thieves and antisocial groups should be allowed to gnaw into the rights of ownership. This tendency ‘to gnaw into’ has been recognised and stigmatised from the time of the laws of Moses and he called it neschek. And nothing differs more from this gnawing or corrosive than the right to share out the fruits of a common co-operative labour.

Moreover, imperialism is an immense accumulation of money capital in a few countries, which, as we have seen, amounts to 4 or 5 thousand million pounds sterling in securities. Hence the extraordinary growth of a class, or rather a Stratum, of rentiers, i.e, persons who live by “clipping coupons” who take absolutely no part in any enterprise, and whose profession is idleness. k electric share price forecast The exportation of capital, one of the most essential economic bases of imperialism, still further isolates this rentier stratum from production, and sets the seal of parasitism on the whole country living on the exploitation of the labour of several overseas countries and colonies.

Very well! That is from Lenin. But you could quote the same substance from Hitler, who is a Nazi (note the paragraph from ‘Mein Kampf’ magnificently isolated by Wyndham Lewis in his ‘Hitler’) – ‘The struggle against international finance and loan capital has become the most important point in the National Socialist programme; the struggle of the German nation for its independence and freedom.’

You could quote it from Mussolini, a Fascist, or from C. H. Douglas, who calls himself a democrat and his followers the only true democrats. You could quote it from McNair Wilson who is a Christian Monarchy man. You could quote it from a dozen camps which have no suspicion they are quoting Lenin. 76 gas station locations The only people who do not seem to have read and digested this essay of his are the British Labour Party and various groups of professing communists throughout the Occident.