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In a Nutshell It's Wealth That Must be Monetized
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John Gelles
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Nov 02, 2009 12:06 PST
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In a Nutshell It's Wealth That Must be Monetized
The whole mess from 1929 until yesterday stems from our habit of
limiting money to debt (loans that create deposits).
IF we understood that monetary systems of production must limit money
ONLY to maintain affordable prices for necessities, (relying on high
savings to prevent spending ahead of the stocking of shelves where money
is spent,) THEN every nation would subsidize full employment and
production of their best version of what people need and have money
enough to buy -- because they've all found work.
Until this deficit in demand and money is corrected, we are doomed to
repeat many of the woes of yesteryear.
Long unreadable posts make things worse not better.
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