[GJM] CONTROLLED "HYPERINFLATION, " BUSINESS UNDERSTANDING, AND PRICE PSYCHOLOGY IN TRANSFINANCIAL ECONOMICS (MARCH 2008).

[Zack Johnson]

 "Fantastic as it may seem 'hyperinflation' in TFE if
it were ever to happen could be directly controlled
without damaging, or indeed destroying the
economy. The main reason for this is that virtually
all products, and services when paid for, and go
through the bank computer would be subjected to an
instant inflation adjustment (ie. an electronic
inflation check). This means the value of money
rises at the same rate as inflation on prices."
---------------------------------------------------

So, in your system you would be marking down
account balances as transactions occur.  This is
tantamount to taxation to counteract government
spending.  In your system you have not eliminated
taxation but shifted it into another form.  You really
are a confused little fellow, aren't you?

Zack


  ----- Original Message -----
  From: "robert searle"
  To: discussion at globaljusticemovement.net
  Subject: [GJM] CONTROLLED "HYPERINFLATION, " BUSINESS UNDERSTANDING,
  AND PRICE PSYCHOLOGY IN TRANSFINANCIAL ECONOMICS (MARCH 2008).
  Date: Tue, 4 Mar 2008 14:33:23 +0000 (GMT)

  Dear All,

  It must be remembered that the previous posts
  concerning inflation controls in TFE are drafts. They
  are just ideas being thrown around. These "ideas" may
  not always be correct yet they are attempts to
  understand, and remedy a very important subject using
  existing concepts, and modifying them in an electronic
  context.

  Fantastic as it may seem "hyperinflation" in TFE if it
  were ever to happen could be directly controlled
  without damaging, or indeed destroying the economy.
  The main reason for this is that virtually all
  products, and services when paid for, and go through
  the bank computer would be subjected to an instant
  inflation adjustment (ie. an electronic inflation
  check). This means the value of money rises at the
  same rate as inflation on prices. If left unchecked
  both consumers, and producers would be dealing with
  astronomical sums of money. Yet, no devaluation of
  currency!!!

  However, such a situation could be avoided, and SLOW
  DOWNED before it ever reached the "hyperinflation"
  status. There are two key electronic methods of price
  subsidization (ie new non-repayable money to
  discourage price rises, and/or even part payment for
  the inflated portion on the profit on some registered
  product)and/or inflation "taxation". Incidently, I
  have gone off the notion of lowering the electronic
  Price Ceiling as this could prove to
  counter-productive in the long-run.

  Anyway, so far as one can see if "hyperinflation" were
  ever to arise in TFE certain novel strategies could be
  implemented electronically.

  1. Price Override.

  This is when prices rise, and are continually
  marked down several times automatically by the banks
  transction/inflation control computers. This would be
  a gradual process. It is very much like an inflation
  "tax" or rather deduction but the purchasing power of
  such money is still maintained in relation to the
  entire economy.

  2. "Hyerinflation" Control.

  To some extent this may appear to be an
  emergency situation. In TFE this is not so because one
  method to deal with this is a general education of the
  public, and especially businesses. The latter could
  deal with hyperinflated money to a limited extent.
  Yet, the profits, and retail prices are
  instantaneously interpreted by bank computers into
  their higher inflated counterparts (as opposed to
  their hyper-inflated figures ofcourse). Such an
  approach would require new business understanding ,
  and pricing psychology for it to be understood, and
  accepted.

  Thus, hyperinflation and the damage, and destruction
  it would cause to the economy would no longer be
  possible. Yet, in TFE such hyperinflated pricing
  should still be avoided with the aid of "old", and
  "new" electronic strategies of direct super flexible
  controls over inflation levels. Again, it should be
  repeated this would SLOW DOWN the process towards
  possible controlled "hyperinflation"

  A Wikipedia article on hyperinflation might of
  interest. It makes the important point that the worst
  case scenarios of it was when PAPER MONEY was in use
  as opposed to the electronic transmissions of it from
  one account to another.

  http://en.wikipedia.org/wiki/Hyperinflation

  Robert Searle

  Please note more detailed versions of the above are
  still in development...

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