[GJM] Fwd Austrian Scholars Conference/ "Real" Taxation, and Inflation Deduction in TFE (March 08)

[robert searle]

Dear Rodney,

       Thank you for your "support" on the last email
on inflation controls. I would be very suprised if Mr.
Johnson would ever come up with anything  new, or
"revolutionary". Instead it would be some sort of
"regurgitation" of something which already exists.
However, he has been a worthy "adversary".

The point to understand about TFE at present is that
it is still in development. But using electronic
controls in clever ways is the way forward as far as I
am concerned. 

Taxation as we would understand it would not exist.
But a tax, or rather an instant Inflation Deduction
would probably have to be undertaken by bank
inflation/transaction computers on the hyperinflated
portion of a registered product, or service. This
ensures that money in real terms, and its inflated
value (as opposed to its hyperinflated "value") would
be retained. 

Ofcourse, a "real" tax would be on money in real terms
plus its inflated, and its "hyperinflated" portion to
a certain extent. In one sense inflation deduction in
TFE is not a form of tax at because.............

a)... the hyperinflated portion is destroyed, and not
used for social, economic, and political projects.

b)... is concerned essentially with reducing, or
rather eliminating
the possibility of hyperinflated pricing from the
market place altogether. 

As for the Austrian School I did have an email from
Timothy Terrell on my present TFE essay (to be
updated), and said he would give a reply if it were
published as paper in some journal.This may yet
happen. Whether I will inform him about it is another
matter!!

Regards,

Robert Searle 


--- Rodney Shakespeare
<rodney.shakespeare1 at btinternet.com> wrote:

> Robert,
> The Austrian school  believes in a 'free market'
> which,  in practice, 
> results in high concentrations of capital ownership.
>  The Austrians 
> essentially think that if gold or similar is used as
> the curency poverty 
> will be eliminated -- which is codswallop.
> 
> Binary economics believe in spreading capital
> ownership and in social and 
> economic justice.  The Austrians (as like many other
> schools) hate binary 
> economics  because of its policy to spread ownership
> and to eliminate social 
> and economic justice.
> 
> The (Austrian) Timothy Terrell paper on binary
> economics is substantially 
> inaccurate  -- you can read about it in the
> Productiveness section at 
> www.binaryeconomics.net -- and is part of the
> Austrian hatred of binary 
> economics.
> 
> Binary economics cannot be accused of being
> inflationary, nor of not 
> promoting markets, nor of not promoting productive 
> efficiency, nor of not 
> addressing social and economic injustice.
> 
> Rodney
> ----- Original Message ----- 
> From: "robert searle" <dharao4 at yahoo.co.uk>
> To: <discussion at globaljusticemovement.net>
> Sent: Tuesday, March 04, 2008 5:53 PM
> Subject: [GJM] Fwd: 2008 Austrian Scholars
> Conference
> 
> 
> > Note: forwarded message attached.
> >
> > Dear All,
> >
> >    This may be of interest. The Austrian school is
> a
> > great believer in capitalism,and has  no time for
> any
> > kind of price controls...even the electronic
> > super-flexible controls of Transfinancial
> Economics,
> > or TFE in research,and development. Furthermore,
> they
> > do not seem to regard Binary Economics with much
> > respect either.................
> >
> >
> > Regards,
> >
> >
> >     
>
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