Hamilton and Hayek

[John Gelles <jjgelles@xxxxxxxx>]

	Dear Greg

	You remind me, with your description of Hayekian principles,
	of how I felt on reading a very good essay on Hamilton:
	I found that I was a Hamiltonian. I am probably a Hayekian
	as well.

	I hope, one day, you will see that to free the individual
	from having to suck up to Congress, we have to wrest control
	of work and money from Congress and the Fed and return it
	to the individual by way of recognition that the right to
	life, liberty and the pursuit of virtue means microloans,
	carrying a debit balance on the books of the IRS -- what
	ought to be the people's bank.

	You and I have a problem -- you do not explain why people
	can remain out of work when it is their public money that
	is being used by politicians to maintain unemployment.
	You seem to think that if such people tried harder the
	money to bring back jobs and trade to places of high
	unemployment would materialize automatically. Hamilton
	knew and I know only a federal bank for growth and full
	and employment can make that money appear.

	Whenever I get this far down in a message to you I realize
	that others on the LIST need the same advice.  And so
	I go public with my private mail to you. I hope you
	forgive for me for it.

		Best John
    .--------------------.-----------------------------------------------.
    : John J Gelles      | 1. Special fed debt to finance required loans :
    : 5706 Loma Vista Rd | 2. Macroloans for infrastructure/ecology, etc.:
    : Ventura, CA 93003  | 3. Microloans for zero-unemployment           :
    : (805) 642-6675     | 4. Automation to carry loans & fight inflation:
    : jjgelles@xxxxxxxx  | 5. Rescue-loans/subsidies to fight deflation  :
    : -------------------| 6. Consumption/turnover taxes vice income tax :
    : Thinks of planning | 7. Laws in reserve for inflation emergency    :
    : what to do and how | 8. Traceable vice untraceable money/accounts  :
    : to do it  >---------^       URL     http://rain.org/~jjgelles/     :
    `--------------------^-----------------------------------------------'