Dan Sullivan, from Saving Communities, talks on LVT and farming on his stay in Sweden in November 2014. Sullivan brings in a wide array of keen observations in terms of methodology and socio-economic consequences. Labor efficient and land inefficient firms vs land efficient ones. The different types of farmers. The different type of farms. The different interests among farm owners. Incentives and penalties. Land trusts. Appealing assessments. And much more. The video quality is only 240p, but the sound is clear.
The folks from Saving Communities get everything right, especially from a moral standpoint, with a tiny observation in terms of banking operations, issue which can be tackled via asset side discipline reforms instead of full reserve banking, which has a regressive effect (doesn’t discriminate between lending for wealth creation and lending for wealth extraction) unlike the former. But I won’t get into that here – instead, I will quote their view on Money as a Common Medium and conclude this post with their Call To Action.
“Money is a common medium of exchange, without which modern production and exchange methods are impossible. Government, which demands money in taxes or as payment against necessary privileges, violates its charge if it forces taxpayers to resort to privately created money, and further violates its charge if it guarantees the value of privately created money or credit. Government’s demand for money requires that it issue enough money to satisfy the demand for money, and that newly issued money be distributed in a way that is fair to all citizens.
Government should issue enough money to maintain stable prices, with neither significant inflation nor deflation. However, it is even more important that government issue money directly into circulation rather than lending it to banks or granting banks the privilege of lending money they do not actually have.
Once money is rightfully issued, the exchange of that money is private matter, and the money itself is morally private property until it is redeemed by government.”
Justice Begins with You
“Each of us has an obligation, not only to advocate justice, but to be personally just toward ourselves and toward those with whom we interact. In this regard, charity without justice can be a device for sustaining injustice. That is, if you demand justice and another thing, you will get the other thing, and only the other thing.
In the aggregate, there is no such thing as ‘more than fair.’ That is, it is impossible to be more than fair to some without being less than fair to others, or to yourself. In every human interaction, other than that of punishment or restraint against those who had violated the rights of others, all parties should come out ahead. That is the minimum standard of justice.”