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	<title>Comments on: Give the Money to People, Not the Banks</title>
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	<link>http://www.richardccook.com/2009/05/11/give-the-money-to-people-not-the-banks/</link>
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		<title>By: jeepndesert</title>
		<link>http://www.richardccook.com/2009/05/11/give-the-money-to-people-not-the-banks/#comment-14</link>
		<dc:creator>jeepndesert</dc:creator>
		<pubDate>Sun, 29 Nov 2009 23:01:56 +0000</pubDate>
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		<description>if there is $400 trillion in circulation and you create a 3-6% inflation rate through giving 6 billion people a monetary dividend, you&#039;re giving everyone $167-333/month.

while better than the current inflationary fiat where the dividend goes to the banksters, it is still a globalist wealth redistribution scheme based on inflation.

wealth redistribution should be done at the local, state, or national level with valid agrarian justice principles, not inflation. the currency should remain inflation-neutral so people who save aren&#039;t having their labor stolen from them through inflation.

interesting point here is that an inflation-neutral currency can be managed when combined with a valid-funded georgist dividend by subtracting/adding from the dividend to control for inflation/deflation. you eliminate the biggest causes of inflation, fractional reserve banking, and you help control the other biggest cause of inflation, increasing population competiting for limited natural resources and land, with valid georgist land value/sales tax and citizen dividend policy to make land and natural resources more affordable to all.</description>
		<content:encoded><![CDATA[<p>if there is $400 trillion in circulation and you create a 3-6% inflation rate through giving 6 billion people a monetary dividend, you&#8217;re giving everyone $167-333/month.</p>
<p>while better than the current inflationary fiat where the dividend goes to the banksters, it is still a globalist wealth redistribution scheme based on inflation.</p>
<p>wealth redistribution should be done at the local, state, or national level with valid agrarian justice principles, not inflation. the currency should remain inflation-neutral so people who save aren&#8217;t having their labor stolen from them through inflation.</p>
<p>interesting point here is that an inflation-neutral currency can be managed when combined with a valid-funded georgist dividend by subtracting/adding from the dividend to control for inflation/deflation. you eliminate the biggest causes of inflation, fractional reserve banking, and you help control the other biggest cause of inflation, increasing population competiting for limited natural resources and land, with valid georgist land value/sales tax and citizen dividend policy to make land and natural resources more affordable to all.</p>
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		<title>By: jeepndesert</title>
		<link>http://www.richardccook.com/2009/05/11/give-the-money-to-people-not-the-banks/#comment-13</link>
		<dc:creator>jeepndesert</dc:creator>
		<pubDate>Sun, 29 Nov 2009 22:35:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.richardccook.com/?p=676#comment-13</guid>
		<description>i probably should retract some of the criticisms due to the fact i calculated the dividend wrong using 6 trillion people rather than 6 billion people. a dividend that would cause an additional 3-6% rate of inflation on $400 trillion for 6 billion people would be $2,000-4,000/year rather than $2-4/year, which would be more substantial of $166/month than the $0.17-0.33/month.

nonetheless, i still disagree with the premise of creating free lunches out of inflationary monetary policy. while it is better than inflationary monetary policy given to the bankers, it is still an inflationary wealth redistribution scheme not based on valid justification like georgism. monetary policy should be inflation-neutral. if you want to redistribute wealth, you do it through valid agrarian justice, not inflation snake oil.</description>
		<content:encoded><![CDATA[<p>i probably should retract some of the criticisms due to the fact i calculated the dividend wrong using 6 trillion people rather than 6 billion people. a dividend that would cause an additional 3-6% rate of inflation on $400 trillion for 6 billion people would be $2,000-4,000/year rather than $2-4/year, which would be more substantial of $166/month than the $0.17-0.33/month.</p>
<p>nonetheless, i still disagree with the premise of creating free lunches out of inflationary monetary policy. while it is better than inflationary monetary policy given to the bankers, it is still an inflationary wealth redistribution scheme not based on valid justification like georgism. monetary policy should be inflation-neutral. if you want to redistribute wealth, you do it through valid agrarian justice, not inflation snake oil.</p>
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	<item>
		<title>By: jeepndesert</title>
		<link>http://www.richardccook.com/2009/05/11/give-the-money-to-people-not-the-banks/#comment-12</link>
		<dc:creator>jeepndesert</dc:creator>
		<pubDate>Sun, 29 Nov 2009 19:16:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.richardccook.com/?p=676#comment-12</guid>
		<description>eliminate fractional reserve banking and use 1:1 ratios for savings and loans, and you would have a very stable currency and would likely have to add to the citizen dividend to prevent deflation. some might argue loans wouldn&#039;t be as available, but i&#039;m sure we could come up for a solution for that without having to distort the means of exchange with chronic manipulation of the currency.</description>
		<content:encoded><![CDATA[<p>eliminate fractional reserve banking and use 1:1 ratios for savings and loans, and you would have a very stable currency and would likely have to add to the citizen dividend to prevent deflation. some might argue loans wouldn&#8217;t be as available, but i&#8217;m sure we could come up for a solution for that without having to distort the means of exchange with chronic manipulation of the currency.</p>
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	<item>
		<title>By: jeepndesert</title>
		<link>http://www.richardccook.com/2009/05/11/give-the-money-to-people-not-the-banks/#comment-11</link>
		<dc:creator>jeepndesert</dc:creator>
		<pubDate>Sun, 29 Nov 2009 09:28:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.richardccook.com/?p=676#comment-11</guid>
		<description>if there is $400 trillion of the equivalent of world bank dollars in circulation, to pay everyone an international dividend of $2-4/year would cause a yearly rate of 3-6% inflation on top of normal inflation caused by economic growth. the world dollars would devalue quickly. to give up national sovereignty of monetary policy to something like the united nations wouldn&#039;t go over well in developed nations for $2-4/year and high inflation.

by implementing a national or state georgist citizen dividend paid with land value taxes and what is left over from a sales tax, you can negate the 3-6% inflation rate by subtracting $2-4/year from the citizen dividend, resulting in usury-free and inflation currency, a fair system of taxation, and real economic growth by ending land slavery. you would still need to use consumer price indexes and consider money market influences, but that is the cost of providing a robust means of exchange with democratic and local oversight while avoiding centralization of power at a global level. you can always start a private, non-profit international organization to promote georgism nation-wide and world-wide, which i would highly encourage and support.

what you&#039;re describing is fantasy, a complete distortion of georgism though i appreciate seeing the influence, all for high inflation, centralized power into the world bank, an unmanageable, practically undemocratic, and easily corrupted world government bureacracy, to manipulate the economy as a whole, as the united nations distributes a small bag of peanuts to every person in the world.

however, thanks for the implied idea of using the citizen dividend of georgism as a tool to manage a constitutional, usury-free, and inflation-neutral fiat currency where national sovereignty and standard of living is not compromised. i&#039;d rather try to restore and keep our own constitutional standards before we even dare to form something strife with corruption at the global level.</description>
		<content:encoded><![CDATA[<p>if there is $400 trillion of the equivalent of world bank dollars in circulation, to pay everyone an international dividend of $2-4/year would cause a yearly rate of 3-6% inflation on top of normal inflation caused by economic growth. the world dollars would devalue quickly. to give up national sovereignty of monetary policy to something like the united nations wouldn&#8217;t go over well in developed nations for $2-4/year and high inflation.</p>
<p>by implementing a national or state georgist citizen dividend paid with land value taxes and what is left over from a sales tax, you can negate the 3-6% inflation rate by subtracting $2-4/year from the citizen dividend, resulting in usury-free and inflation currency, a fair system of taxation, and real economic growth by ending land slavery. you would still need to use consumer price indexes and consider money market influences, but that is the cost of providing a robust means of exchange with democratic and local oversight while avoiding centralization of power at a global level. you can always start a private, non-profit international organization to promote georgism nation-wide and world-wide, which i would highly encourage and support.</p>
<p>what you&#8217;re describing is fantasy, a complete distortion of georgism though i appreciate seeing the influence, all for high inflation, centralized power into the world bank, an unmanageable, practically undemocratic, and easily corrupted world government bureacracy, to manipulate the economy as a whole, as the united nations distributes a small bag of peanuts to every person in the world.</p>
<p>however, thanks for the implied idea of using the citizen dividend of georgism as a tool to manage a constitutional, usury-free, and inflation-neutral fiat currency where national sovereignty and standard of living is not compromised. i&#8217;d rather try to restore and keep our own constitutional standards before we even dare to form something strife with corruption at the global level.</p>
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