https://blog.p2pfoundation.net/richard-douthwaite-on-spending-instead-of-lending-money-into-circulation/2011/11/22 Researching, documenting and promoting peer to peer practices Tue, 22 Nov 2011 14:56:04 +0000 hourly 1 https://wordpress.org/?v=5.5.15 https://blog.p2pfoundation.net/richard-douthwaite-on-spending-instead-of-lending-money-into-circulation/2011/11/22/comment-page-1#comment-486883 Tue, 22 Nov 2011 14:56:04 +0000 http://blog.p2pfoundation.net/?p=21158#comment-486883 The late Richard Douthwaite expressing the obvious!! The idea of using tax to tackle inflation can be found in Chartalism, or rather its modern incarnation of Modern Monetary Theory. However, my work on Transfinancial Economics goes beyond this to a situation in which we can be ABSOLUTELY CERTAIN that inflationary pressures cannot cause serious economic problems. Thus, REAL CONFIDENCE in the creation of new money can be undertaken via advanced stage TFE in which Electronic Transaction Monitoring, or ETM is phased in… and this would lead to a highly accurate understanding of the real economy in “real-time.”Also, such an approach would become increasingly essential in a finite world as we would get an accurate daily account of the amounts of resources used in products, and services….

]]>