New development model

[Richard Moore]

Greetings,

It's been two months since we set up the credit-bank-model forum. At that time, I thought I had already completed the development model. It turned out to be a much deeper problem than I first imagined. There was the problem of taxes to deal with, and many other subtle problems arose as I thought more about how the process would unfold. Also, in order to make the model understandable, I had to develop lots of diagrams to illustrate the economic flows at the the different stages of development. The result is a 26-page document:

http://groups.google.com/group/credit-bank-model/files

CouponDevelopmentModel.pdf

The name of the process has changed, because the use of coupons seems to be the most reliable way to minimize taxes. Please take a look when you get the time. You feedback is eagerly sought before trying to circulate the document to wider circles. 

many thanks for your patience,

richard