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Concord Resolution
The (Gloucester, Manchester, Your Yami, My Yami
whatever)
Concord Resolution
Art. # Subject Page #
??? Public Money for Public Projects ???
To determine whether the Town (City, State, Nation) will borrow
public money
to fund duly authorized public works projects.
The Treasurer is authorized, with the approval of the Board of Selectmen
(or other appropriate body)
to borrow public money
by accessing national credit,
rather than the private bond market.
Loans are thus obtained at cost, rather than at exorbitant interest charges.
The Federal Reserve System will thus use national credit to create money as an asset.
The loan will preferably be repaid from proceeds of increased taxes on land and natural resources (while correspondingly reducing taxes on improvements and other assets).
For theoretical background, please see:
Gorga, C. "Concordian Economics: Tools to Return Relevance to Economics," Forum on Social Economics (May 2008).
Gorga, C. The Economic Process: An Instantaneous Non-Newtonian Picture, Lanham, Md. and Oxford: University Press of America, 2002.
Gorga, C. "The Productivity Standard: A True Golden Standard” (with Norman G. Kurland), in Dawn M. Kurland (ed.), Every Worker an Owner: A Revolutionary Free Enterprise Challenge to Marxism, Washington, D.C.: Center for Economic and Social Justice, 1987, pp. 83-86.
For much pertinent--and some impertinent--additional information, please see:
http://www.prosperityuk.com/prosperity/prosperity.html
See also:
June 9, 2008
The Federal Reserve System will thus use national credit to create money as an asset.
The loan will preferably be repaid from proceeds of increased taxes on land and natural resources (while correspondingly reducing taxes on improvements and other assets).