tag:blogger.com,1999:blog-7530776363222965313.post1042745284150769457..comments2023-10-07T13:16:34.756+02:00Comments on Simon Thorpe's Ideas on the Economy: Money Creation without Debt is possibleSimon Thorpehttp://www.blogger.com/profile/02605233720415886802noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7530776363222965313.post-89450129608719044222014-11-19T23:46:45.348+01:002014-11-19T23:46:45.348+01:00Hello Simon, I agree with your development of supp...Hello Simon, I agree with your development of support for: positive money, citizens income and flat transaction tax - but I believe people should also be able to provide themselves with accommodation which they can own (at every stage of life) - planning law currently favours rentier landlords who buy up properties - forcing people into rent paying cash cows, whilst landlords keep all the assets and asset growth.<br /><br />I am pushing in Britain, that youngsters should be able to live in a cardboard or canvass shelter - rent FREE, to be able to keep their earnings, instead of giving the capital to someone else. Britain, FREE from rent and FREE from tax payer supported social housing or housing benefit payments - would discourage investment of money in buy-to-let property, would see all the rentier owned properties come onto the market, and property prices would find a fairer level for all.<br /><br />Do you agree that people should be free to live in a boat, cabin, caravan, tent, trailer or van - if it gave them control of their money, to save and put into their own lives - rather than keeping commercial money lenders, big builders, building land investors and fluctuating property prices AGAINST the average persons interests?Simon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-63298189407168563812012-05-19T11:41:43.836+02:002012-05-19T11:41:43.836+02:00 The effect of printing Central bank money depends... The effect of printing Central bank money depends entirely on what the money is used for. If the money is given to commercial banks, they can do precisely what they want with it. It can be used for speculating on currencies, creating housing bubbles, you name it.<br /><br />If however the money is used intelligently there is no need for there to be inflation. First, if the money is used to pay off government debt, the "money" disappears in a puff of smoke. The fictitious central bank money simply cancels out the fictitious commercial bank money that was lent. In that case there is no inflation. There is maybe one risk, which is that since the commercial bank will be less extended, they may feel in a position to start pumping lots of fresh money into the system. For that, it would be worth setting a more stringent limit on the minimum reserve level (or preferably remove their ability to create money altogether).<br /><br />The other use is stimulating the economy by building houses, transport systems, energy etc. This will also have no effect, because demand is stimulated at the same time as demand. I'll get back on this....Simon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-580945722744476042012-05-18T16:12:25.294+02:002012-05-18T16:12:25.294+02:00Can you discuss how quantitative easing will affec...Can you discuss how quantitative easing will affect the actual currency? for your case the Euro and how to balance the accounts after each printing. Thanks<br />JamesSimon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-41333734281978025212012-05-17T19:31:43.146+02:002012-05-17T19:31:43.146+02:00This is what Rep. Wright Patman said about the un-...This is what Rep. Wright Patman said about the un-democratic money creation … in 1941!:<br /><br />http://www.michaeljournal.org/feddebunked.htmSimon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-8599826118019549262012-05-17T10:50:26.738+02:002012-05-17T10:50:26.738+02:00 Hi Michael,
Well, I suppose that it does have s... Hi Michael, <br /><br />Well, I suppose that it does have some links to what you might call communism. And in general, I go out of my way to try and avoid being labelled. For instance, my proposition of replacing the current tax system by a flat rate FTT is good for business and for citizens. The only people who would lose would be speculators. So, in that case, it really is neither left wing or right wing - just sensible and simple.<br /><br />As for this latest proposal, it's true that debt free money creation by central banks under the control of a democraticly elected governments is an option that never gets discussed. The question is why. Is it because it's stupid? Or is it because there are massive vested interests who would lose their power? I suspect that it's the latter....Simon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.comtag:blogger.com,1999:blog-7530776363222965313.post-69317032262248456862012-05-17T10:39:46.331+02:002012-05-17T10:39:46.331+02:00Good Lord, man! This is downright communism!
You ...Good Lord, man! This is downright communism!<br /><br />You know I'm kidding. Bless you. This again is a perfect solution. Tag my little bit on about national debt abolishment and there's only one reason not to implement it: greed.Simon Thorpehttps://www.blogger.com/profile/02605233720415886802noreply@blogger.com