[GJM] Addition to Environment text at www.binaryeconomics.net

[Rodney Shakespeare]

Dear Mukhtar,
It has been pointed out to me that your email refers to "debt-free" money i.e. 'printed' non-repayable money.  

I had assumed that this was a mistake and "interest-free" issuance (i.e. repayable loans to be cancelled) was intended because debt-free isssuance is generally unacceptable to Muslims because of its perceived inflationary consequences.

Your article is a little unclear about this matter but there can be some debt-free issuance in counter-inflationary circumstances (as set out in Seven Steps to Justice, 2002) and/or in circumstances of completely stopping the banking system from creating new money (as in James Robertson, Creating New Money) but this needs to be spelt out clearly and any loose reference to a general "debt-free" issuance will usually provoke the response of "Funny money".

GJM members might like to have a look at www.simpol.org.uk/forum/index.php?board=6.0 "Proposed additional text for this policy" where an attempt is being made by Peter Challen to reach agreement with Simpol.  

GJM members are invited to comment (on GJM Discussion) on Peter's work in Simpol.

Rodney Shakespeare.


----- Original Message ----- 
From: "Dr.Muhammad Mukhtar Alam" <mukhtaralam2000 at yahoo.com>
To: "Discussion Forum for Global Justice" <discussion at globaljusticemovement.net>
Sent: Friday, May 23, 2008 12:50 PM
Subject: Re: [GJM] Addition to Environment text at www.binaryeconomics.net


Dear Rodney,

The attached paper has addressed the hurdles in realising the ideals of binary economics..creation of debt free money..I hope u will appreciate the same.

With warm regards

Dr.Muhammad Mukhtar Alam


--- On Fri, 23/5/08, Rodney Shakespeare <rodney.shakespeare1 at btinternet.com> wrote:

> From: Rodney Shakespeare <rodney.shakespeare1 at btinternet.com>
> Subject: [GJM] Addition  to Environment text at www.binaryeconomics.net
> To: "Discussion Forum for Global Justice" <discussion at globaljusticemovement.net>
> Date: Friday, 23 May, 2008, 4:28 PM
> Dear All,
> The text on ENVIRONMENT at www.binaryeconomics.net has now 
> been considerably extended by the addition of the text of
> the London Global Table submission to the United Nations
> Development Programme.
> 
> Rodney
> Shakespeare._______________________________________________
> Discussion mailing list
> Discussion at globaljusticemovement.net
> http://globaljusticemovement.net/mailman/listinfo/discussion_globaljusticemovement.net


      Meet people who discuss and share your passions.. Go to http://in.promos.yahoo.com/groups/bestofyahoo/


--------------------------------------------------------------------------------


> _______________________________________________
> Discussion mailing list
> Discussion at globaljusticemovement.net
> http://globaljusticemovement.net/mailman/listinfo/discussion_globaljusticemovement.net
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://globaljusticemovement.net/pipermail/discussion_globaljusticemovement.net/attachments/20080523/b18d1e9a/attachment.html