[PFMPE] What IS Free Enterprise?

Precepts of truly free enterprise and trade. In the wake of Rothschild, Alan Greenspan tells the truth, the whole truth, and nothing but the truth.

http://www.perfecteconomy.com/pg-what-is-free-enterprise.html

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"The study of money, above all other fields... is one in which complexity is used to disguise truth or to evade truth, not to reveal it."

John Kenneth Galbraith

Under natural conditions, prosperity is limited only by our willingness to process natural resources into production. A person working by their self acquires all they produce, and no less than what they produce. The cost of their production is only the effort of production. No more can be acquired than is produced.

No beneficial potential for a cooperative association exists, if that person sacrifices the product of their toil for less, in commerce with others. To preclude acquisition equal to production then, is to preclude free enterprise.

Under natural conditions, no instability is imposed upon commerce, because no impediment to production exists, but availability of natural resources.

Production and trade suffer no threat in true free enterprise. The sum of production is decided solely by the merits of production and willingness to toil over resources. The costs of production are the efforts of production.

Under true free enterprise alone, is full prosperity realized. Under true free enterprise alone is prosperity comprised of unimpeded effort, delivering undiminished production to consumption, for the product of equal toil.

No instability therefore characterizes true free enterprise. Consumption and possession are qualified by production of equal wealth. There is no obstacle to work. Maximum desirable prosperity is realized in the full breadth of production, rewarded by equal production, altogether rendered from unimpeded toil. The efforts of production are completely free of impediment, manipulated value, unnatural obstacle, redundant cost, or distractions of any kind beyond the efforts of production itself.

Under natural conditions, fair trade between two parties is essentially comprised of an exchange of assented equivalents. Each party, by free and unimpeded standards, determines what quantity and quality of toil is the acceptable equivalent of theirs.

There is no qualifiable concept of justified "profit" beyond production, for if trade is determined to be fair, it has been determined to be an exchange of equivalents. If a "fair" proportion of "profit" were to be applied coequally to the equivalents, the "profit" of each would cancel the other's. There is no such thing then as fair "profit," because across the breadth of any system, coequal "profit" cancels the corresponding "profit," everywhere equivalents are "fairly" exchanged.

As all wealth can only be shared from the pool of production, the concept of unearned profit precludes free enterprise, and the rewards of free enterprise, from others. Unearned profit increases the wealth of the undeserving, leaving a remaining pool of wealth from which receivings can only be diminished, by the same degree, from what others have produced.

Free enterprise therefore is the innate desire of all true contributors to prosperity, because it is the singular case by which they receive according to their doings.

A currency may emulate — and thus preserve and facilitate — fair exchange of free enterprise, if it does not diminish what we reap from our efforts of production. Any instrument inconsistent with coequal trade and acquisition of wealth equivalent to production, conflicts with free enterprise.

A qualifying medium of exchange then must represent the value of toil across time. Money cannot represent the value of toil, if it decreases in value, or if ever more of a circulation must be devoted to servicing debt.

At all times then, the circulation of free enterprise is equal to the remaining value of what it finances; and in every case, the subjects of the circulation acquire for their toil, the undiminished product of an equal measure of toil.

By a circulation which sustains free enterprise, a $100,000 home with a hundred year lifespan, costs $1,000 per year or $83.33 per month to own. At any time it is sold, its just cost is its remaining value, expressed in the original units of value.

By paying the producer the costs of producing the home, and by the possessor assuming a corresponding debt of no more, unimpeded production, and coequal acquisition of wealth without extrinsic cost are wrought. We pay for our consumption with an equal measure of production.

If however, debt obligations are further comprised of unearned profit in the form of "interest," then the circulation is not merely a medium of exchange; and the necessity of a circulation becomes compulsory to further borrowing. The further borrowing necessary to maintain a circulation multiplies the profit of any entity given such a power to usurp free enterprise. Merely to maintain the circulation vital both to sustaining commerce and to paying obligations exceeding the circulation, the subjects of a system itself the intended instrument of the greatest possible magnitude of unearned profit, must re-borrow what they pay against principal and interest as subsequent debts, perpetually increased so much as periodic interest.

In a system of unearned profit derived thus from the entirety of commerce by "interest," debt is multiplied by ever greater increments in proportion to a given circulation, or the commerce which can be sustained by it. As the costs of the original circulation are multiplied in proportion to commerce, the costs of servicing ever greater debt infringe to ever greater degrees upon solvency, the capacity to afford just wages, the cost of end product to consumers, and the capacity of consumers to afford production under the ever-mounting debt they too bear.

Where then a society fails to maintain a circulation itself, by the singular obligatory standards which deliver instead a circulation which is solely a medium of exchange, and where it gives power instead to agencies which multiply the public debt and the agency's profit, by interest, free enterprise is given up; and the society condemns itself to ever greater costs, instability resulting from ever more marginal solubility, and ultimately — because multiplication of debt by the nature of the currency is irreversible — to collapse under insoluble debt.

The mere existence of "interest" makes the process irreversible. One thing increasing in proportion to another eventually exceeds it. Ultimately the costs of servicing debt, multiplied perpetually and by ever greater increments in proportion to commerce, exceed the capacity of commerce to withstand debt. Debt is ultimately multiplied to the magnitude of insolvent debt.

We can easily understand what kind of men would impose such a system on an unassenting public. We can easily understand how and why they would strive to make populations desolate of their own production. We can understand all the possessions, powers, and events which shall evolve from their inception of usury, and which shall be necessary to perpetuating such a huge, oppressive graft.

In the wake of Rothschild, and in the strict tradition of non-disclosure incumbent to history's usurers, Alan Greenspan tells the truth, the whole truth, and nothing but the ostensible truths incumbent to perpetuating usury. What, after all, is the nature of "economy"; and why after all is it, that under the "central banking" systems of the world, debt is multiplied in proportion to commerce and the circulation, that consequently, true producers cannot acquire the full measure of their work, and the productive capacities of the world itself are perched at the brink of insoluble debt?

Why, under the central banking systems imposed on unassenting populations everywhere about the world, is there even the possibility of instability or obstacle to work, production and commerce, if any such system is a quest for rectitude? What ostensibly comprehensive data is necessarily spun into the illusion we are served in the midst of obstacles, impediments, and inconsistency — and a history of service comprised of denied recession; callous denial of unemployment; disregard for all underemployment; perpetual multiplication of the cost of all we produce, in proportion to the wages of production; the threat and experience of depression; and multiplication of world debt to the brink of insolubility under a system which can only multiply debt further?

What calamity, difficulty, impediment, obstacle, or threat is to be explained under true free enterprise?

mike montagne — PEOPLE For Mathematically Perfected Economy

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