[GJM] Transfinancial Economics Project, and New Thinking on Electronic Controls over Inflation

Thu Dec 6 05:52:59 MST 2007

 Radu Seserman,

      Like many people you do not understand TFE, and
this shows in your communication. 

--- radu Seserman <radu_seserman at yahoo.com> wrote:

> 
Prices and inflation cannot be controlled or
> imposed. They can be influenced by adjusting the
> supply/demand. That is what central banks do when
> they move interest rates. If you want to improve the
> current system you should find a simple and
> self/natural adjusting system.

Answer. In TFE there is a huge amount of price
flexibility which would be impossible with the old
incomes policy. Yet, it can still be a largely
natural, and self-adjusting system with hardly much
intervention from some kind of a central authority. 

Moreover, business would love it because there is NO
taxation, and NO interest on any loans. Inflation
registration of products, and services would have
little in the way of bureaucracy unlike the rediculous
tax forms that exist....!

 No system can lead to
> a more just society if it does not limit the assets
> one individual can own. Our problem is that a small
> number of individuals control/own most of the
> assets. That control gives them the  power to
> dictate prices and wages and helps them accumulate
> even more. Taxation and bankruptcy are the only ways
> I can think of working against them, so as bad as
> they are from an individual perspective thety help
> our society.

Answer. It is unlikely that the rich are suddenly
going to disappear. This is NOT the main problem at
present. Rather we need to develop a more advanced
system of capital in which the rich would admitedly
get richer, but also the poor would get richer through
the new financial empowerment of specific NGOs, and
democractic governments. 

> 
> Please do not forget that the tag price you pay on a
> good you purchase is only a component of what you
> are really paying. What other components are?
> waiting time to get the product, favors or bribes to
> the supplier. I lived under the communism and price
> controls did not work, though helped develop a black
> market that in size probably was comparable to the
> "legal" economy.

Answer. Ofcourse the so-called price controls did not
work in the Soviet System simply because they did not
have advanced  computer programming concepts which
would easily allow (if "uncontrolled") for any amount 
of price flexibility. This in TFE would NOT lead to
serious price devaluation, and hyperinflation. 

Obviously, you do not really understand, and moreover,
your thinking on the subject is clearly dominated by
past experiences, and old paradigm economics.
Furthermore,we are living in the 21st Century in which
the Soviet Union as it was does NOT exist. 

I do not think you have read the present internet
essay which can be found at this link

http://kheper.net/essays/Transfinancial_Economics.html

Thank you for your interest....................

R.Searle

> 
> Radu Seserman
> 
> "Be the change you wish to see in the world." M.
> Gandhi
> "Learn from yesterday, live for today, hope from
> tomorrow." A. Einstein
> 
> 
> 
> robert searle <dharao4 at yahoo.co.uk> wrote: 
> --- Steve Consilvio  wrote:
> 
> > Robert,
> > 
> > This is an easy problem to fix.  Simply require
> all
> > manufacturers to  
> > print the price of the item on the product being
> > sold.  Consumers  
> > will "report" retailers that charge less or charge
> > more; tampering  
> > with the price will be obvious, and a databank
> with
> > the correct  
> > pricing is easy to post on-line.  I am not sure
> why
> > you would even  
> > need an "inflation control authority," if you are
> > already doing  
> > everything else correctly.
> 
> 
> 
> 
>               What you are saying is true to a
> point.
> However, the whole picture is more complex as
> economic
> data suggests especially  in connection with incomes
> policies of the recent past. 
> 
> With highly flexible controls via computers we have
> a
> better, and more effective way of enforcing any
> breaches in inflation legislation directly, and
> quickly. A system with no direct registration of
> most
> products (or alternatively only on raw materials to
> make products as indicated in the previous email.
> This
> would be a better idea) via electronic means is less
> easier to tackle effectively. This is certainly true
> 
> if it involved the authorized transmission of huge
> sums of non-repayable money without currency
> devaluation, and rapid inflation.............
> 
> 
> > 
> > I believe in some countries "fair trade pricing"
> (as
> > it is usually  
> > called) exists.  It seems to me a precept of a
> > normal society that  
> > the same good should cost the same price for
> > everyone, everywhere;  
> > unfortunately we are not a normal society.  As
> much
> > good as fixed  
> > pricing provides (fixed by the manufacturer, not
> the
> > government,) it  
> > does nothing to address the cause and effect of
> > inflation, which lies  
> > elsewhere.  An ICA would only be treating the
> > symptoms of the  
> > problem, and would not address a cure to the
> source
> > in anyway.   
> > Calling it "inflation control," when it does
> nothing
> > of the sort,  
> > would be the perfect name for a bureaucratic
> > boondoggle.
> 
> 
> 
> 
> 
>    The ICA would not be another "bureaucratic
> boondoggle" such as the American IRS as the work
> with
> inflation checks of transactions would be largely
> automatic on bank computers. Moreover, the pricing
> would be in the main fixed by manufacturers rather
> than governments. This would make the process of
> market capitalism efficient, and "natural".
> 
> 
> 
> 
> > 
> > BTW, I call the current system "financial Jim
> Crow."
> >  Rather than  
> > charging Blacks and White different prices, people
> > pay different  
> > prices for all sorts of invented reasons (coupons,
> > age, volume, day  
> > of the week, etc.)  In a land where all men are
> > created equal, nobody  
> > is treated equally.  We have made "buying and
> > selling" as confusing  
> > and as difficult as it could be.  The subprime
> > meltdown, of course,  
> > is the latest dramatic example of financial Jim
> > Crow.  If everyone  
> > were paying the same interest rate (as terrible as
> > interest is) the  
> > system would work much better than charging
> > different people  
> > different rates for the same thing.
> 
> 
> 
> 
> 
>           Ofcourse, degrees of subjectivity can
> certainly come into pricing of products. 
> 
> 
> > 
> > As I have mentioned previously, Transfinancial
> > Economics shares a lot  
> > of similarity with my own ideas, some of which I
> > abandoned because  
> > they did not really get to the root of the
> problem. 
> > The problem is  
> > that we refuse to count honestly.  Any system
> based
> > on 2+2=5 will  
> > fail.  There are an infinite number of wrong
> > answers, and until we  
> > accept that 2+2=4, nothing will work.  Of course,
> we
> > are free to try  
> > an infinite number of combinations instead.
> (2+2=6,
> > 2+2=7, etc)   
> > Afterall, what we believe is what we want to be
> > "true," and people  
> > are willing to believe anything, and have always
> > eager to believe  
> > that an easy gain is possible.  The more absurd
> the
> > claim (2+2=1  
> > million,) the more people want it to be true.
> > 
> > The economy is a zero sum game.  We need
> principles
> > before policies.
> 
> 
> 
>       Yes, principles before policies if possible in
> most cases..............
> > 
> > peace,
> > steve
> > 
> > 
> > On SundayDec 2, 2007, at 2:00 PM, discussion- 
> > request at globaljusticemovement.net wrote:
> > 
> > > Dear All,
> 
=== message truncated ===>
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