Money Enough for Pensions and TIVO Too!
John Gelles
Money Enough for Pensions and TIVO Too!
If you focus on SUPPLY of
the things that pensioners buy and the goodies workers want today--like TIVO
television and all the rest (for a high middle class standard of living), you
will realize there will be no shortages, and no reason for pessimism over the
future, IF we allow automation to SUPPLY all we need and MONEY REFORM to create
the purchasing power to buy the supply.
Our SYSTEMS of money and
accounting will have to be reformed to prevent old fashioned approaches to
SUPPLY that allow excessive unnecessary DEBT and TAXES to choke off full
automated production of future needs.
The moment we "privatize" taxes by
allowing what we pay in taxes to be held in trust as "savings" we will see that
nations can afford the "dollars" for every damn thing they produce.
We
can produce the stuff pensioners buy and workers want to own.
We WILL
produce the great supply required--and such production will create the
supply-backed money for the supply to be bought--WHEN we reform the money
system--NOT just tax nominal dollars away from consumers and investors.
Remember WW II: How did we pay for the planes, ships, guns, synthetic
rubber, aluminum, and steel? We paid for them by
PRODUCING them.
Too bad this was before David Brooks was born. Else he
would know our problem is not so much political posturing as stupidity in the
economics of his rival, Paul Krugman--a stupidity about wartime financing shared
by left and right together.
Look to Lincoln's greenbacks and you will
find the answers to social security, the war on Islamo-nihilism, and how to
finance investment in a re-industrialized American nation.
John Gelles
http://www.tiea.us
