Movement for Non-Credit Money

Author: Stojan Nenadović from Serbia

Today money is put into circulation in the form of credits.
Such credit money is always in short supply.
An increase in money in circulation is necessary as much because of increase in production, as because of making up for the money lost due to slow down of velocity of money in circulation.
Required additional quantity of money in circulation is definitive (final), because it is intended to stay in circulation permanently. It cannot be credit money , which is in circulation temporarily, because credits must be returned.
If the rate of increase in quantity of credit money in circulation is such that it creates such an inflation where the rate of increase in quantity of credit money in circulation is greater than the price increase rate, then the difference in these rates is really a non-credit money, which functions as the required additional quantity of money in circulation.
If all the necessary additional quantity of circulation money where immediately emitted as non-credit money, i.e. gift, inflation would disappear.
Movement for non-credit money proposes that the National Parliament issues a Money Law, containing the following:

1. Banks can allow credits only if correct by the amount of collected savings.
2. The creation of new money by allowing credits above the amount of saving is prohibited.
3. Required additional quantity of money in circulation which is printed in the Money Printing Institution, is deposited to the account of the Pension Fund.
4. Money is put into circulation by paying pensions from the account of the Pension Fund.

Such a mode of money emission secures an endless price stability,
without inflation and deflation.
Contributions for pensions are thus cancelled and production is less burdened.
By selling goods to pension beneficiaries, producers secure profits, as pure accumulation for production increase (without having to take credits).

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