[GJM] MORE CLEARER INFORMATION ON INFLATION CONTROLS IN TRANSFINANCIAL ECONOMICS (FEB 2008)

[Zack Johnson]

 Robert, you again fail to explain how, in a modern industrial economy,
where government spending is approaching half of all spending, if
government stops taxing, but continues to spend, how the economy would
not rapidly devolve into inflationary chaos.

Your apparent belief in magic is not ameliorated by this insipid little
essay.

Zack


  ----- Original Message -----
  From: "robert searle"
  To: discussion at globaljusticemovement.net
  Subject: [GJM] MORE CLEARER INFORMATION ON INFLATION CONTROLS IN
  TRANSFINANCIAL ECONOMICS (FEB 2008)
  Date: Mon, 11 Feb 2008 13:53:21 +0000 (GMT)


  Dear All,

  The following comes from my present essay
  (changed yet again to include more on inflation
  data)on Transfinancial Economics. It is to do with
  more light on super-flexible controls to control
  inflation levels, and valuation of currency. I also
  exclude from the data below my old idea of part
  registration of products, and services which was the
  outcome of woolley thinking unfortunately!!!

  Regards,

  Robert Searle


  3.Advanced Computer Programming for the Direct
  Super-Flexible Controls over Inflation.


  In TFE there is the realization for the need to
  develop advanced computer programming to directly
  control levels in inflation. It is not our intention
  to go into too much detail as this can be a somewhat
  technical subject.

  It must also be stressed that we are not discussing a
  command economy but rather a capitalist one in which
  there is little government intervention. What follows
  is essentially "simplistic", and is only a brief
  presentation on super-flexible electronic controls
  over inflation.

  Since money in the main exists as electronic data
  transmitted from one bank account to another it can be
  tracked, and controlled. This concept is central to
  the proper understanding of Transfinancial Economics.


  A.Mandatory Registration for Businesses instead of
  Income Tax Declarations.


  Most products,services, and indeed, "fixed" incomes
  could be subjected to a mandatory super-flexible price
  registration which is notably indexed linked
  electronically to inflation for businesses. In other
  words, most people running large, or small commercial
  enterprises would have to declare the trade costs, and
  retail prices of their products.Details about their
  profits, and other sources of income would be
  unnecessary unlike the present income tax regime.

  The data concerned ofcourse goes onto authorized
  computer systems that simultaneously deal with
  transactions. Such work could be undertaken by banks,
  or some other commercial body. Alternatively, an
  independent public authority could be created possibly
  working with the private sector. The tax authorities
  themselves though could be replaced by a National
  Inflation Control Authority.

  Unlike the present income tax system there is no huge
  bureaucracy, or much form filling (or online
  registration ofcourse)and compliance on inflation
  legislation using electronic techniques could be
  directly used to ensure efficiency.



  B.Comprehensive Electronic Price Index.


  Anyway,a special comprehensive electronic National
  Inflation Price Index (NIPI)notably listing the
  average prices of cars, phones, books,and the like
  would be necessary. This would also allow separate
  registration for features that create added value to
  goods which ofcourse, affect the overall retail price.

  In such a special comprehensive Price Index services,
  and "fixed" incomes (excluding profits) could be
  included, and be part of the inflation control
  legislation replacing income taxation. Ofcourse, this
  special electronic Price Index, or NIPI would also
  include charges for most kinds of services, and listed
  data on "fixed" incomes.


  C. Registered Products/Services, and the Price
  Ceiling.

  Registered prices of goods, and services would be
  allowed to fall, and notably rise. In the latter
  instance, prices can go up several times over in real
  terms, and go beyond the inflation rate until the
  Price Ceiling is reached. This is important to
  understand.

  If for whatever reason certain prices go beyond the
  Price Ceiling they are automatically fined, and would
  appear on a statement. Yet, this is extremely unlikely
  because of the comprehensive nature of NIPI.

  However, if the inflation pressures become such fines
  could be waived, or if imposed for a time be
  electronically re-created if there are genuine reasons
  for doing so. This can be undertaken instantaneously
  right across the country.

  In other words, we have an example of electronic
  super-flexibility unimaginable compared with incomes
  policy, which can directly deal with any inflationary
  problems at a touch of button..and even if things went
  wrong this would be easily rectified electronically.





  D. Electronic Inflation Adjustment (EINA), and
  Self-Adjusting Prices of Registered Products/Services.



  With modern technology the degree of elasticity, and
  changes in prices of registered products, and services
  would be possible.In other words, they would
  self-adjust naturally. This is vital in a capitalist
  system.

  At first though NIPI would have to be successfully
  instituted from central government but afterwards due
  to the comprehensive nature of it (a point worth
  repeating) it is unlikely that prices would go above
  the Price Ceiling. Thus, prices can rise, and fall
  freely with virtually no kind of state interference.

  This brings us to another very important aspect of our
  subject.How is the value of currency maintained during
  a transaction? To understand this we could take a
  simple example, if Mr. Z buys (without using cash)a
  registered product B and if it is above a certain
  amount of "inflation" say 10% (registered on computers
  ofcourse)then this is balanced out when the bank
  interprets it in monetary terms. In other words, after
  an inflation check it electronically creates the 10%
  with new non-repayable money. In other words, an
  instant, and automatic Electronic Inflation
  Adjustment, or EINA.


  E.Coins, and Paper.


  Anonymous cash transactions would still be possible,
  as this now makes up a virtual non-existant portion of
  the entire monetary supply. Thus, it would have
  little, or no affect on inflation.


  F.Possible Exemptions.

  Certain products, and indeed, services could be exempt
  from mandatory price registration (notably goods with
  no obvious value). However, serious price distortions
  may occur.If so, they could be subjected to a
  temporary, or permanent price registration.




  G. Other Methods for Electronic Super-Flexible
  Controls over Inflation.



  One method to control inflation using direct
  electronic techniques is the use of subsidies made of
  new non-repayable money (as opposed to earned money,
  or tax ofcourse). This would mean that businesses
  would be paid to keep their prices to certain levels
  (similiar to the idea of Compensated Price found in
  Social Credit "movement"). Ofcourse, something akin to
  an unpopular inflation tax could be used if the price
  starts to rise (ie. profits automatically, and
  progressively deducted).


  H. Excess Accounts.

  These are bank accounts that have huge sums of money
  indexed linked electronically to inflation.
  However,the account holder be it a company, or
  individual finds it increasingly difficult to spend
  funds simply because there is a lack of the relevant
  products, investment opportunities, services, and
  other resources available. As such these accounts
  develop excess monies (ie. electronic data ofcourse)
  which do not loose their value but remain dormant.


  I.A Tax, and Interest Free Economy desirable for a
  Market Economy.


  Though at first businesses might not like the
  introduction of super-flexible inflation controls they
  would be able to expand as never before because there
  is NO taxation, and indeed, NO interest on loans.

  Furthermore, it opens them up to the possibility of
  commercial grants, and hence, greater profits. At the
  same time, there would always be non-repayable finance
  for them to become sustainable (ie. reduce waste,
  re-cycling, and simple, and/or complex technologies
  utilising clean renewable energies). This last aspect
  could occur on a voluntary, or mandatory basis.

  Please note that the above is subject to further
  research, and development with the aid of specialist
  economists, and computer experts...............
















































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