[GJM] 1. Re: [Radical Economics] Transfinancial Economics - not clear to me, part II (robert searle)

[Muhammad Mukhtar Alam]

I am with you Steve..

Steve Consilvio <steve at behappyandfree.com> wrote:  Robert,

Because of a mailbox full error and other issues, I missed the 
beginning of this discussion any many recent posts.

I am intrigued that you think you can contain inflation by adjusting 
prices with a computer model. In fact, it seems somewhat 
contradictory. If you can control prices from the computer then there 
would be no inflation automatically. Your "central command" could 
simply send a subsidy to any entity that is "losing" money, but the 
business itself, based on what I understand of your theory, would not 
be in a position to "raise" prices on its own. If it could act 
independently, then you would not be able to "control" it. Do you see 
the contradiction I am describing?

Hence, inflation could not exist with price controls. Profit and loss 
could, however, which I think is what you are trying to "even out." 
Presumably, and rightly so, you think if you can "even out" the 
problems within a business then you can even out the choices they 
make in regard to wages, the environment, etc.

On a side note, what you are describing is what the Puritans tried to 
accomplish when they controlled things in Boston during the 1600's in 
their economic philosophy and centralized control of life. Of course, 
they didn't have computers. Their efforts lost out to the desire for 
mercantilism, and it is mercantilism (greed systems) which enslaves 
us today. The ability to "count faster" with a computer doesn't 
really change anything.

Your recent post (I guess it is a few weeks ago now) that religion is 
not needed to create a peaceful and balanced society is wide of the 
mark, imo. For trade to be based on mutual benefit, rather than on 
self-gain, requires a philosophical underpinning. As mentioned 
previously regarding your idea of bribing the powerful: if you can 
bribe people to do the right thing, then you can bribe them to do the 
wrong thing, too. People who are willing to give and take bribes lack 
character, (in the church and out.) Before people will have the 
courage to do the right thing they first need to know what is the 
right thing. Principles will forever be more important than policies.

peace,
steve consilvio
www.behappyandfree.com



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