[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[CHOMSKY] Individuals as "Personal mini-banks" (fwd)Individuals as "Personal mini-banks"




Greetings to all.

I'm new to this list. I have no formal training but I consider myself to
be an amateur economist with a special interest in the philosophy of
value, price and money.

Here is a political and economic strategy for ensuring everyone has
enough money for living (independent of employment income) and without
using taxes:

I believe it is both theoretically possible and politically essential
to view every individual as operators of their own personal mini-banks.
Each person would be able to cover their essential living costs by
being allowed to issue a finite number of "loans" per year to businesses in
return for their products and services.

My question is:

Are there any important theoretical and/or technical difficulties to
regulating an economy with hundreds of millions of banks instead of with
just hundreds banks?

Politically, it would help in the creation of a Open Society ( Re:
Sir Karl Popper)

I would like to hear your comments and criticisms. I'll be
be away from my computer until Sunday or Monady.

regards.

Harry Veeder


[end of message ... text also available at <url:http://www.reference.com/cgi-bin/pn/go?choice=message&table=05_1997&mid=1415401&hilit=CHOMSKY> ]
--------------------------------

Article-ID: 05_1997&1347685
Score: 82
Subject: Re: [CHOMSKY] Banking, Economics, and Equity