It says that rising prices under usurious credit is not a result of growing volume, but because of escalating cost for capital, interest. And this is true of course. John Turmel calls this ‘shift B inflation’. Jct: John Turmel does not call “rising prices” due to interest “Shift B inflation.” Rising prices could be due to rising demand or lessened supply. Rising prices is a symptom, not the cause of Shift B inflation. I define inflation as a loss of purchasing power, okay? Not higher prices that could be due to honest scarcity or higher demand. Loss in buying power of my chips. My chips getting me less and less from the cage. So rather than more money chasing the goods, Shift A, I teach “same money chasing less (too-high-priced) goods after foreclosure,” Shift B. The opposite of Shift A. And both Shift A and Shift B have symptoms of higher prices, don’t they? So Shift B is not rising prices as they may define Shift A. Besides,how many times do I have to repeat that LETS mutual credit networks don’t manage the volume of time-based chips. The more Hours registered with the timebank, the more Hour chips issued to your account. It’s a function of the delivery of energy, no management of volume allowed by the UNILETS global cashiers.
Posted on: Fri, 26 Jul 2013 22:49:22 +0000
Trending Topics
Recently Viewed Topics
© 2015