[GJM] The Modern Universal Paradigm

[John Hermann]

Re: Previous email from Rodney Shakespeare  [ was Re: [GJM] Public apology  ]

Hi Rodney,

I could not find the draft article "The Modern Universal Paradigm" that you 
mentioned, however did find on the GJM website your paper entitled "The 
Universal Paradigm & Islamic Endogenous Loans". This is a very well written 
paper, and from a cursory reading I find myself in complete agreement with 
its thrust.

For some time I have recognised that the primary economic problem is 
unearned income. Two big manifestations of this tendency are land 
speculation (a subject which preoccupies the followers of Henry George) and 
monetary saving for the sole purpose of acquiring ever more interest income 
(the destructive effects of which have been recognised by the many 
varieties of monetary reform). These two cancers within our economic system 
are inextricably linked.

Attached is my recent short article "Debt and the Growth Imperative", which 
might be of interest. I have also recently developed a mathematical model 
of debt growth, and a paper outlining this model may be accessed from the 
ERA web site [ era.org.au ].

Best regards,
John
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