[lbo-talk] Nevada TP: What just might get me to vote

[Carrol Cox]

I didn't read the whole of Peter's post, but it sounds like the schemes
embodied in Pound's Cantos and in the various economists Pound drew on.
A recur5rent line in the Cantos is something like, "So the government
could pay dividiends." Not only does the state not need taxes, but it
can pay a dividenc. I never got around to exploring the details of this,
though there are, I believe, two or three books o the economics of the
Cantos.

Carrol

Doug Henwood wrote:
> 
> On Jun 15, 2010, at 11:36 PM, Peter Ward wrote:
> 
> > By the way, the alleged need for taxes is a fraud (and most didn't
> > pay federal income tax prior to 30s). With a publicly controlled
> > money supply we can pay for public
> > goods by creating money to pay for it or rebating all interest, not
> > just the Fed's own interest as now..."Inflation!", you say: right
> > now money gets created out of thin air by the
> > Fed and invested in financial institutions, which in turn create
> > more money out of thing air--creating much more nefarious
> > "stealth" inflation.
> 
> Oh, that explains it.
> 
> Doug
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