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salvation through inflation the economics of social credit phần 9

các giá trị tiền ước tính của tất cả các tài sản bên trong biên giới của quốc gia. Máy và năng suất lớn Douglas lập luận rằng "việc sử dụng tăng năng lượng cơ học và máy móc. . . có xu hướng hợp đồng diện tích phân phối tiền lương. "g Tại sao điều này lại là sự thật? Một số người được giải phóng từ một loại dịch vụ thay thế của một | Conclusion 235 credit masters will issue fiat money every month to all citizens except wealthy ones. This is the National Dividend. The credit masters will also provide all business loans. These loans will go only to government-registered companies. These loans will be interest-free. Meanwhile private banks will have to charge at least 25 percent. This will pressure private companies to register with the government to get access to the cheap interest-free government credit i.e. social credit. Most businesses will register with the government. They will be given money they need to begin production and complete it. Prices and wages will be regulated by the credit masters. So will profits. This is the Just Price. What will the National Dividend and the Just Price do market prices They will raise them. If the government sets price control ceilings this will create shortages. It will lead to black markets for the price-controlled goods. Furthermore as the money value of consumer goods rises so will the money value of capital goods. This will increase the national capital base. This will require further issues of National Dividend fiat money which will raise prices again which will increase the monetary value of the nation s capital and so forth. An inflationary spiral is inevitable unless the credit masters decide not to take any more inventories of the nation s capital. But then how will technological progress be capable of adding to value of capital and therefore also increase size of the National Dividend Douglas never even raised this question. Neither have the other credit reform inflationists. The system was offered as scientific. It is not scientific it is merely inflationist. An illusion of science is conveyed by the very incoherence of Major Douglas language. Most people do not expect to be able to understand scientists. 7. Prices and Price Controls Irvington New York Foundation for Economic Education 1992 . 236 SALVATION THROUGH INFLATION Incoherence I have .