Dear Mark,
Great show
with Brian Lamb on CSPAN today --- 25 Feb 05.
Have you ever
commented on money? Why there is not enough to
go round? Conventional monetary reform** asks that we add to
credit money (the kind in use everywhere) some
supplementary fiat money of the kind they use in
Guernsey and Jersey.
I have long
championed supplementary money --- call it/them greenbacks
if you would recall how
Lincoln fought the Civil War how Roosevelt used them
in WW II, (printing greenbonds instead
of cash**). You might insist
that--- IF a fiat
money supplement (FMS) were all that good
--- we would long ago have been made it standard:
- Since we
have not, it must be it won't work.
- (Of
course it has worked for more than a century
in Jersey and Guernsey.)
The reason is
as follows: Credit money, which we do use,
which is a weak form of fiat money, (because it
reflects actual debt instead of actual wealth), is satisfactory ---
(if you accept unemployment, poverty and
national decay):
- That is,
it is satisfactory to the established
political order.
But FMS requires far more
government planning than credit money
with central bank fiddling of short term
interest rates.
- Since
government financial planning is harder
--- we avoid it --- even when it is costing
us our future as free people. And , of
course, we do use government planning in less
important matters and invariably screw them
up.
- Would we
screw FMS up, as
well? I think not: all it is, is
appropriating and spending that portion of
the budget with the highest urgency as
privileged to spend debt-free money. (It is
easily corrected, if Congress has misgivings,
by later offering a like amount in bonds for
sale. This will remove the fiat money
supplement from circulation as though it were
never tried---although it may mean a higher
interest rate.)
In
other words, because FMS will not compute
itself, the way bank loans (with the help of
loan officers) do, it is shunned.
- Yet it is
the only tax free method of paying to stay
free. By shunning
FMS, national debt
intrudes and high taxes are levied to
deal with it. These divide people from
their government and are counterproductive to
essential growth in the private sector.
- If we did
use FMS private
saving would do better what taxes do so
badly.
Perhaps you
can take an interest in this subject --- or perhaps
you already have. You make much sense in other areas
of concern. This would give you the means to finance
change before its too late.
John Gelles www.tiea.us
