[GJM] #27 Dirk Bezemer, Michael S. Rozeff and John Gelles On The Inner Structure Of TOP (The Optimum Policy)

[wesburt at juno.com]

Dear  Dirk J. Bezemer, Michael S Rozeff, John Gelles, and other old
friends on my copy list,
On 25 January I had the good fortune to be accepted, once again, as a
non-posting subscriber to Gang 8 and on 26 January Dirk Bezemer raised a
question I have been trying  unsuccessfully to answer since 1969.  That
is, Why does the US public use the wrong policy (TWP) in its public
sector for developing its human assets and the optimum policy (TOP) in
its private sector for developing its capital assets?  Neither faith nor
reason justifies such a mixed policy, since TWP is only a 50% application
of TOP.  That is to say, that the US fully capitalizes 12 years of public
education for each child but leaves 17 years of subsistence for each
child to deplete the earned income of every parenting family. 
Also on 26 January, Michael S. Rozeff on Distribution at LewRockwell.com 
reminded us that the "Laws of Nature and of Nature's God," by which the
Founders of the USA justified our Declaration Of Independence, are the
essential foundation of our Constitutional Republic.  Such laws never
fail to operate on our human affairs; regardless of whether we know these
laws, obey these laws, or deny these laws.  If such laws are violated at
the lowest level of human affairs (local governments in the public sector
or corporations in the private sector of our global economy), how can the
thirty centuries old principle of Subsidiarity be applied by higher
levels of governance to correct these violations of law at the local
level?
On 29 January John Gelles pointed to one cause of endless useless
discussion on questions of political economy by Raleigh Meyers, Wes Burt
and everyone else on list Cyber-soc.  Everyone will find it difficult to
be brief on a critical topic if the Great Satan or the US establishment
has declared that critical topic to be politically incorrect.  So much
debate from three days in January 2007.
Please find below, from each of these well qualified authors, a brief
excerpt to convey the sense of their political opinions on the moral
condition of the United States, and the trend of that condition relative
to other industrial nations.  
Following the three excerpts, I will try again, as I approach my eighty
third birthday, to briefly show that the human life cycle, unchanged over
the last 10,000 years, defines the optimum policy for creating and
preserving stable sustainable human societies.  The optimum policy has
only one definition, but that definition has been taboo for thirty
centuries.
~~~~~~~~~~~~~ Excerpt 1 of 3 ~~~~~~~~~~~~~~~~~~~
On Fri, 26 Jan 2007 Dirk Bezemer d.j.bezemer at rug.nl posted to gang8 on
the subject "credit, debt, rents -Dirk's progress," in part, as follows:
"Another piece of the puzzle was later provided by Werner's study of 
Japan, showing the pivotal role of banks in directing growth potential -
either into production, or into assets. This is relevant to all monetised
capitalist economies, not just the post-communist ones. I was, and still
am, impressed by the 1:1 relation between real-sector credit creation
and GDP growth, and between financial-credit creation and asset price
rises. "
~~~~~~~~~~~~ Skip to last paragraph ~~~~~~~~~~~~~~
"The road goes on. Here is my next question. Is not Gunnar's idea of
Final Demand Inflation (= whatever is not used to pay labour and
capital) the same as what you, Patten and the Classicals call rents?"

Dirk

~~~~~~~~~~~~~ Excerpt 2 of 3 ~~~~~~~~~~~~~~
On Fri, 26 Jan 2007 Michael S. Rozeff  posted his article "The Living
Dead"  on  Distribution at LewRockwell.com  to explore and lament the
systemic defect in American public policy by writing, in part:
"The absence of law means an absence of a moral and ethical basis for the
products of the American political machine. Those who think there is (a
moral and ethical basis) and defend this insane machine delude themselves
as they attempt to delude others. I challenge anyone to show that
American political life does anything except constantly flout the Ten
Commandments, which are what should be the true source of law, justice,
and order. Instead, madness, which is a variety of death that disregards
truth and reality, spreads like an infection."
~~~~~~~~~~~~~~ Skip to last paragraph ~~~~~~~~~~~~~~~~
"While it is late in the game, it is not too late for Americans to reject
U.S. pretensions to creating a world international order. It is not too
late to reject the longstanding prejudices and desires of our
establishment elite to run the world. For decades, we have been listening
to a constant barrage of rhetoric from the internationalists among us
claiming to support and propel American values to all corners of the
globe. But their constant global interference has been anti-American.
They have departed drastically from the fundamental
Washingtonian-Jeffersonian principle of neutrality and non-interference.
Do we want other nations to interfere in our land? Do they have that
right? Then why should we interfere in theirs?"
January 26, 2007
Michael S. Rozeff [send him mail] is a retired Professor of Finance
living in East Amherst, New York.
Copyright © 2007 LewRockwell.com
Michael S. Rozeff Archives 
http://www.lewrockwell.com/rozeff/rozeff-arch.html
~~~~~~~~~~~~ Excerpt 3 of 3 ~~~~~~~~~~~
On 29 January, John Gelles writes with becoming brevity to list
Cyber-soc:
Whose fault is it that I cannot find any connection between Meyers, 
Burt and anything else I read on Cyberspace forum?
 
I once knew a critic who insisted that forums of the CS type had to 
enforce brevity and "making a point". If they did not, writers would 
talk only to themselves. Autism would triumph. It would be as though the 
Internet and the web had never happened.
 
John Gelles
~~~~~~~~~~~~~~~~ End three excerpts ~~~~~~~~~~~~~~
Dirk is by far the youngest member of this fore some, but perhaps only
the young are able to think out side the matrix.  Michael is a retired
academic who is always eloquent and concise on any aspect of his
Libertarian ideology.  John Gelles is a retired lawyer whose faith is
founded on more money and more government as the only solution for what
ails us.  John may be a closet World Citizen, but he is my oldest friend
in this fore some.  Wes Burt was a productive mechanical engineer who
moved to the marketing department in 1953 and got caught up in a topic
which everyone else knew was taboo.  Only the wrong policy (TWP) is
politically correct for public disclosure, the optimum policy (TOP) is
taboo for all except those few with a need to know.
So what was omitted from the Ten Commandments at MT. Sinai?  Why was the
Law not restored by Jesus at the beginning of the Christian Era?  What
was omitted from the Constitution and Bill Of Rights of the USA?  What
was restored in Japan and West Europe in 1946 to enable their economic
miracles, and then forgotten by 1971, and never mentioned in the EU
Constitution?  The essential requirement that the expense of developing
our human assets should be as fully capitalized as the expense of
developing our capital assets.
As Adam Smith knew so well in 1776, both a nation's capital assets and
its human assets require a long and expensive period of sustained
development to bring each new productive asset into production.  Defects
of omission in the development period cannot be successfully corrected
later on during the asset's productive period.  So the optimum policy is
to do it right the first time, and bring each asset into production
debt-free and fully competitive with the current population of productive
assets.  
This presentation was completed in 1994 by the several figures posted on
Dr. W. Curtiss Priest's web site in the signature below.  The imbalance
between present day investment in capital and human assets in the US is
well illustrated by showing the characteristic life cycle of each type of
asset on attached Figure 17i.gif.  Briefly stated, the part of the law
missing from various founding documents of Western Civilization was
mentioned in our oldest history book as the first tithe, 1913 B.C., a
local tax rate of 10% paid by Abraham to Melchizedek, King of Salem, to
operate a "school system to teach the knowledge of God" and conduct other
essential functions of local government in the city of Salem.  The second
tithe was introduced 442 years later by Moses to compensate the next
higher level of government, and the third tithe was not a tax, but an
exhortation of each household to spend the third 10% of income on
community building and sharing with the poor.  If you happen to open your
oldest history book to check out the financial structure found in the US
private sector, be sure to run the numbers on the census taken of the
Twelve Tribes and the census taken twice of the Levites to confirm that
the ruling tribe received an average income of four times the average
income of the Twelve Tribes.  And our average $50,000/year society today
still pays it members of Congress only $200,000/year (four to one) for a
job which requires an average expenditure of $1,000,000/year to get
reelected every two or four years.
Of course, if the first tithe is evaded or diverted from its proper
purpose, then debt and poverty become the characteristic of any society
that tolerates such a violation of the law.  Again Dirk, Michael, and
John I do believe that debate on the Internet is moving toward a day when
several of us may dare to discuss the politically incorrect topic, and
restore the law to our democracy.  It better happen soon, or I'll miss
the debate.
Kind regards,
Wes Burt
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

               TOP and TWP are cognoscible on
                Dr. W. Curtiss Priest's web site at:
       <http://www.epie.org/cyber-soc/default.htm>
                 TOP is GOOD --- TWP is EVIL
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