Comments on: Four Arguments on Sacred Economics https://blog.p2pfoundation.net/four-arguments-on-sacred-economics/2013/02/01 Researching, documenting and promoting peer to peer practices Fri, 01 Mar 2013 07:33:49 +0000 hourly 1 https://wordpress.org/?v=5.5.14 By: Warren https://blog.p2pfoundation.net/four-arguments-on-sacred-economics/2013/02/01/comment-page-1#comment-512838 Fri, 01 Mar 2013 07:33:49 +0000 http://blog.p2pfoundation.net/?p=29300#comment-512838 The Treasury could, today, do the following:

1. Issue demurrage currency sufficient to pay the entire federal budget;
2. Pay down the public debt with the revenue stream from the demurrage, thereby lowering the price level;
3. Issue zero interest bonds to pay down the public debt; these bonds would appreciate in value. Investors would buy them because all the appreciating non-demurrage currency would vanish into mattresses by Gresham’s Law; the proceeds from these bond sales could further pay down the public debt.
4. The demurrage currency would circulate with a high velocity and furnish plenty sufficient aggregate demand to give everyone a decent job.

]]> By: Todd S. https://blog.p2pfoundation.net/four-arguments-on-sacred-economics/2013/02/01/comment-page-1#comment-506070 Fri, 01 Feb 2013 15:15:50 +0000 http://blog.p2pfoundation.net/?p=29300#comment-506070 Quite a nice rundown of the book. I’m definitely adding this to my (perpetually growing) reading list. One quibble though, and it hardly relates to the analysis itself but I think unfairly denigrates a man who may very well have been in agreement with the ideas express here: The simplistic interpretations of Darwin’s theme of survival of the fittest that once ruled popular thinking. ‘Survival of the fittest’ is Herbert Spencer’s theme, not Darwin’s. Darwin postulated that it was the species who best adapt to change that survive.

]]>