The Price System - Part 1 - with BahArnie and Wallace Klinck
Published: 3 months ago
Douglas Social Credit
Credit creation (new money) only ever comes in the form of debts Industry operates on loans
Loans are paid off and the 'new money' is removed from circulation
Flow of Incomes does not equal the Flow of Prices - this anomaly is made up by 'new debts' or 'increased market share'
Loans are a 'promise to pay back' from future earnings Industry
Automation, Robotics and Advanced Control are part of the Community's Inheritance or Capital, and so belong to everyone as a Right