WHAT IS FREE ENTERPRISE?
The study of money, above all other fields... is one in which complexity is used to disguise truth or to evade truth, not to reveal it.
John Kenneth Galbraith
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Imagine that you are designing the first combustion engine:
A prototype finally starts. It sputters; it coughs. It stumbles.
You envisioned smooth delivery of power — efficient power. Your very initial objective was to achieve full possible power. So is an engine to cough? Is an engine barely to run?
No one would ever have built a decent engine if we exclaimed only how wonderful all the "running" amidst all the first sputtering.
Imposition of a central banking system on true free enterprise runs quite the opposite course. It takes a free running engine and irreversibly multiplies its debt until it can run no more. That it ran in the first place, that it ran for some time, and that it improved its production at times even faster than usury imposed ever greater oppression is no testament to the ostensible merits of usury; nor does it prove the subject commerce can sustain itself against the multiplying costs of debt forever.
In fact commerce is finite; and a system which can only multiply debt in proportion to commerce can only eventually exceed the capacity of finite commerce to support infinite, irreversible multiplication of debt in proportion to a circulation. Indeed, as ever more of such a circulation must be dedicated to servicing the multiplying debt, ever less of the circulation remains to sustain commerce.
The inherent collapse of a central banking system therefore approaches at an ever escalating rate, as the subject commerce struggles against all the malignant consequences of servicing perpetual multiplication of debt in proportion to the potential commerce which can survive to do so.
Sunday, April 20, 2008
WHAT IS FREE ENTERPRISE?
Under natural conditions, we prosper according to our capability and willingness to process available resources into production.
In the minds and hearts of most of us then, "free enterprise" does not convey a privilege of destruction or unfairness. If free enterprise were a matter of leveraging position or evading universal, reciprocal rules however written or unwritten, mankind would be locked in illimitable, self imposed turmoil forever, paying ever accumulating costs of his own iniquity.
So it is then, that we are.
Nothing can be more adverse to the freedom to prosper than a process which can only multiply debt upon us until our commerce collapses under insoluble debt.
Usury and free enterprise therefore are mutually exclusive.
"To find the players in all the corruption of the world, 'Follow the money.' To find the captains of world corruption, follow the money all the way."
mike montagne — founder, PEOPLE For Mathematically Perfected Economy™, author/engineer of mathematically perfected economy™ (1979)
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