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

[Zack Johnson]

 It's a question you have never answered, Robert.  Your chief proposal is
to end taxation, and to let government continue spending, isn't it?  So
please explain why that would not immediately lead to inflationary
chaos.  The historical record is filled with numerous examples of
governments that did just that, the most recent being Zimbabwe, which has
the highest rate of inflation in the world.  We can think of the Weimar
hyperinflation of the early 1920s, among others.  Usually, the failure to
collect taxes was due to compelling circumstances, such as an already
collapsed economy.  But you propose to stop collecting taxes in a
normally functioning economy. Utter insanity, it would appear.

Zack

  ----- Original Message -----
  From: "robert searle"
  To: "Zack Johnson"
  Subject: Re: [GJM] MORE CLEARER INFORMATION ON INFLATION CONTROLS IN
  TRANSFINANCIAL ECONOMICS (FEB 2008)
  Date: Mon, 11 Feb 2008 17:38:45 +0000 (GMT)


  Zack Johnson,

  Obviously you have not read the information
  presented properly or else you would not have come up
  with this kind of question.



  R.Searle



  --- Zack Johnson
  wrote:

  > 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
  >
  === message truncated ===

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