The result was nomination withdrawn JulesH 19:09, 10 July 2007 (UTC) reply
The bulk of this article is bizarre
original research that is totally non-encyclopedic and violates
WP:NPOV
Bigdaddy1981 06:29, 9 July 2007 (UTC)
Per below, I'll withdraw my AfD nomination and add a Disputed tag to the article.
Bigdaddy1981
17:13, 9 July 2007 (UTC)
reply
MartinDK, It is no conflict of interest if the writer of an article is in the best position to write an article. It is rather important in these matters that people should know what they are talking about. Perhaps you can suggest the name of somebody who has unequivocably read all the books and papers. As regards 'origianal research' is The Cpaitalist Manifesto (1958) 'original research' and therefore to be rejected?. Or The New Capitalists (1961)? Or Two-Factor Theory (1967)? Or Democracy and Economic Power (1987). Or Binary Economics (1999)? Or Seven Steps to Justice (2002)? Or Capital Homsesteading (2002/4? Or The Modern Universal Paradigm (2007)? Or The Universal Partadigm (2007)? Published works are published works and if publication is grounds for supppression then all books can be suppressed. Book burners, rejoice! I also notice that you are trying to suppress any reference to a very clear account of binary economics at www.binaryeconomics.net. I invite all people concerned with this matter to go to that website before they take any decision. What do you mean by "self-published sources?" All the books referred to above have publishers.
And why do you attack the Kelsos? Is it a crime to simply propose that workers should own shares in corporations? Is it a crime to want to see everybody owning shares and to see everybody having some form of productive capacity? Is it a crime to want to use interest free loans for prodcutive capacity (so that the effective cost is halved?
Rodney Shakespeare
MartinDK with regard to your comments on monetary theory. I am sorry but you do not understand the subject. The 100% reserves proposal (Friedman, Fisher, Simons and others)STOPS the banks creating money out of nothing (they have to use depositiors' money or their own capital). There is then a new supply of central bank-issued interest-free loans going THROUGH the banks (i.e. they administer it and charge administration cost). The central bank intersst-free supply is directed (by the banks) at the development and spreading of productive capacity and the associated consuming capacity. It cannot be inflationary because, over time, all the lent money (secured on productive capacity) is repaid and cancelled. It is not helpful when people like yourself attempt to put out gross distortions about a subject because they do not understand what has been clearly written.
Thankyou for saying that the 100% requirement as proposed by Friedman et al. stops the banks from creating new money. We are making some, although slow, progress. But you still have not grasped that what is proposed is the use of existing money (deposits -- with permission -- and bank capital) plus loans (from the central bank) which start as newly-created money but are then directed solely at the development and spreading of productive capacity and are then repaid and CANCELLED. The overall effect is that, over time, there need be no overall increase in the money supply and, due to the huge diminution in the role of interest (as opposed to administration cost) no continual pressure to increase the money supply (which is what happens at present thereby causing continual inflation). I also note that you say the 100% reserve is not an original idea and has been discarded. As a separate idea it may have been discarded but binary economics links it with the central bank-issued interest-free loan supply for the development and spreading of productive capacity -- and that is one of the original aspects of binary economics. But, of course, as soon as I use the word "original" up jumps the I Don't Like it Brigade to twist the meaning of Wikipedia's rules on the meaning on originality to try to stop the whole article. Also it would be generally preferable if people who know nothing about binary economics did not pontificate on content (as opposed to matters of style etc). Rodney Shakespeare.
The result was nomination withdrawn JulesH 19:09, 10 July 2007 (UTC) reply
The bulk of this article is bizarre
original research that is totally non-encyclopedic and violates
WP:NPOV
Bigdaddy1981 06:29, 9 July 2007 (UTC)
Per below, I'll withdraw my AfD nomination and add a Disputed tag to the article.
Bigdaddy1981
17:13, 9 July 2007 (UTC)
reply
MartinDK, It is no conflict of interest if the writer of an article is in the best position to write an article. It is rather important in these matters that people should know what they are talking about. Perhaps you can suggest the name of somebody who has unequivocably read all the books and papers. As regards 'origianal research' is The Cpaitalist Manifesto (1958) 'original research' and therefore to be rejected?. Or The New Capitalists (1961)? Or Two-Factor Theory (1967)? Or Democracy and Economic Power (1987). Or Binary Economics (1999)? Or Seven Steps to Justice (2002)? Or Capital Homsesteading (2002/4? Or The Modern Universal Paradigm (2007)? Or The Universal Partadigm (2007)? Published works are published works and if publication is grounds for supppression then all books can be suppressed. Book burners, rejoice! I also notice that you are trying to suppress any reference to a very clear account of binary economics at www.binaryeconomics.net. I invite all people concerned with this matter to go to that website before they take any decision. What do you mean by "self-published sources?" All the books referred to above have publishers.
And why do you attack the Kelsos? Is it a crime to simply propose that workers should own shares in corporations? Is it a crime to want to see everybody owning shares and to see everybody having some form of productive capacity? Is it a crime to want to use interest free loans for prodcutive capacity (so that the effective cost is halved?
Rodney Shakespeare
MartinDK with regard to your comments on monetary theory. I am sorry but you do not understand the subject. The 100% reserves proposal (Friedman, Fisher, Simons and others)STOPS the banks creating money out of nothing (they have to use depositiors' money or their own capital). There is then a new supply of central bank-issued interest-free loans going THROUGH the banks (i.e. they administer it and charge administration cost). The central bank intersst-free supply is directed (by the banks) at the development and spreading of productive capacity and the associated consuming capacity. It cannot be inflationary because, over time, all the lent money (secured on productive capacity) is repaid and cancelled. It is not helpful when people like yourself attempt to put out gross distortions about a subject because they do not understand what has been clearly written.
Thankyou for saying that the 100% requirement as proposed by Friedman et al. stops the banks from creating new money. We are making some, although slow, progress. But you still have not grasped that what is proposed is the use of existing money (deposits -- with permission -- and bank capital) plus loans (from the central bank) which start as newly-created money but are then directed solely at the development and spreading of productive capacity and are then repaid and CANCELLED. The overall effect is that, over time, there need be no overall increase in the money supply and, due to the huge diminution in the role of interest (as opposed to administration cost) no continual pressure to increase the money supply (which is what happens at present thereby causing continual inflation). I also note that you say the 100% reserve is not an original idea and has been discarded. As a separate idea it may have been discarded but binary economics links it with the central bank-issued interest-free loan supply for the development and spreading of productive capacity -- and that is one of the original aspects of binary economics. But, of course, as soon as I use the word "original" up jumps the I Don't Like it Brigade to twist the meaning of Wikipedia's rules on the meaning on originality to try to stop the whole article. Also it would be generally preferable if people who know nothing about binary economics did not pontificate on content (as opposed to matters of style etc). Rodney Shakespeare.