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