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Searle88
07-30-2007, 05:03 AM
Dear All,

I think readers will find the following research, and development project of some interest. It deals with a new understanding of capital, and the world. It is concerned with Transfinancial Economics....



kheper.net/essays/Transfinancial_Economics.html

The subject matter represents a quantum leap in society, economics, and politics.

R. Searle.

fsk
07-30-2007, 10:35 AM
It seems like nonsense to me.

There are too many people who benefit from the current corrupt financial system and taxation system.

Why would the people who think they control the government voluntarily switch to a fair monetary system?

jonahtrainer
07-30-2007, 11:04 AM
Dear All,

I think readers will find the following research, and development project of some interest. It deals with a new understanding of capital, and the world.

The subject matter represents a quantum leap in society, economics, and politics.


I do not see anything 'new' or a 'quantum leap' in this paper. It is a bunch of the same old welfare state arguments. The author seems to have no significant understanding of Austrian economics.

I do agree with the paper in that our current monetary system is unjust and unfair. However, the arguments propounded in the paper to 'solve' this injustice and unfairness are, in substance, the exact same policies we currently employ!

The author would do well to read What Government Has Done To Our Money (http://www.mises.org/store/What-Has-Government-Done-to-Our-MoneyCase-for-a-100-Percent-Gold-Dollar-P224C18.aspx) by Rothbard.

The U.S. Constitution is already on point with this issue. It does not endorse any particular medium of exchange as legal tender but does prohibit making anything but Gold or Silver legal tender (Art. 1 Sec. 10. Clause 1). The reason we have our current unfair and unjust monetary system is because we have strayed from the advice of the Founding Fathers and the U.S. Constitution. What would fix our current monetary system is less government involvement, not more as argued by this paper.


On the other hand, real genuine socialism which confessedly has a more just, and fairer understanding of capital may gradually manifest itself fully. There may even come a time when everything may become free on demand without exchange of money at all.


Is money, more important than the genuine needs of humanity? For instance, if millions of children are starving, and there is little earned money to buy food to save lives... would it be morally right to allow them to die, or would it be more noble to have a system in which new unearned finance could be created? This could fully deal with such a situation as opposed to the limited approach of using aid, or charity funds (ie. earned money)which may not be enough to do the "job" properly? This, ofcourse is one of a number of examples that could be cited. Money, or humanity? We have just given the former a higher value, and purpose in the world.

If there are millions of children starving then it would be more human and charitable to allow them to starve and not force someone to perform charity against their will because that freedom will ultimately allow a system where more children are fed and clothed at a lower price. Ironically, the true compassionates are those who advocate the free market system.

Yes, we may have to rethink monetary policy when there are widely available Star Trek replicators but until then I think the Founding Father's advice is sound. The advocates of the free market are the compassionate, fair and just ones. The free market provides more goods and services for more people at a lower cost. As has been proven time after time throughout history wealth equality under a socialist system provides equality of poverty. The less government intervention into the monetary system the better.

Searle88
09-09-2007, 05:43 AM
Brief Rebuttal of Criticisms.


The following points should be noted.

i) In TFE there can be more, OR less government intervention. In Decentralized TFE there can be greater social, economic, and political work undertaken by NGOs, and individuals. In Centralized TFE we have the reverse when big government takes on most if not all such responsibility. It really depends on what society wants at the end of the day.

ii) TFE recognizes the existence of the present capitalist system but regards it as an evolutionary phase towards fair distribution of wealth for all. This does not mean the equality of poverty, but the equality of riches. However, how poor, or rich something, or someone is to a large extent a relative, and subjective question.

iii)TFE recognizes the reality of capitalism, and has the means to ENHANCE it as never before in human history but in a way which allows for mass sustainability and paradoxically massive profits (subsidized by new unearned money).

iv) TFE is a humane approach to the bourgeoning development, and "progress" of the human race.

v) With TFE NGOs concerned with social, economic, and politcal reforms would become much more vocal,and powerful to ensure that a vibrant democracy is fully in place.

vi) TFE is new in that it suggests advanced computer technology can be developed to control inflation en direct, and in a way largely acceptable to competative capitalism. This process would be largely automatic when the proper programmes are in place.


R.Searle