Common Questions

Does DCM mean that more money will be created, than is the case now?
No, not really. When more money is needed, DMC firstly requires it to be created and distributed in a different way. It is more to do with how it is created, and how it is distributed, than with the amount created, although the amount is also important of course.
When is more money needed in society then?
When total personal incomes are too little to allow all the desirable consumer goods available to be sold and consumed only one of two things may be done to correct this. One way is to create more money as debt. The DMC way is to create more money and distribute in as a national dividend.
Who would get the national dividend?
Every person would get an equal share of it, irrespective of any other consideration.
How could we know how much additional money should be created?
By measuring the national economy. This would be done in the same way that all companies measure their performances by doing such as Profit and Loss Accounts and Comprehensive Balance Sheets. Much of this statistical information is already available.
If a shortage of purchasing power almost permanently exists, why isn’t it more obvious?
It is very obvious in depressions, and noticeable in recessions, of course, but at other times it is usually masked by increasing consumer, industrial and government debt.
How much does the money supply usually increase each year?
At the link https://tradingeconomics.com/australia/money-supply-m3 we are told that the amount of money in Australia, for instance, increased in the 57.5 years from March, 1965 to August, 2022 from $10.36 billion to $2,773.39 billion. That’s an increase of 26,775 % in these 57.5 years. The average increase in dollar terms was $48.05 billion per annum from the base year, and 463.8%.
https://fred.stlouisfed.org/series/MABMM301AUM189S gives Australian M3 money supply (notes, coins and bank deposits) in June 2016 as $1,884 billion, increasing by $145 B to $2,029 billion in June 2017, increasing by $36 B to $2,065 by June 2018, and by $81 B to $2,146 billion in June 2019, with a further increase of $182 B to $2,328 billion in June 2020.
The average increase in these four years was $111 billion per year. If 23 million Australians got an equal share, each would have received $4,826 annually, and each family of four persons $19,304. If we can achieve DMC we will be well rewarded indeed.
Why was the money supply increased so much?
Because there was no alternative. When our incomes are insufficient to buy enough consumer goods to keep the system running, we have to go into debt to the banks who are licenced to create all of our money for us. Sometimes it is not consumer debt, but corporate or government debt which is likely to filter down to us. Nevertheless, we have to pay all these debts off either as consumer loans, or in increased prices or taxes.
Why won’t our incomes buy the consumer production that our efforts produce?
The prices of all the consumer products we use include the incomes of all those who participated in their production, plus overheads, capital, and historic costs too. Today’s prices include today’s wages at the factory, and also some of yesterday’s wages from when we built the factory. X won’t buy X+Y, as it were.
Why isn’t everyone talking about DMC and the issuing of a National Dividend?
Basically, because those who own the right to create our money either own the mass media (or its mortgage) and DMC means transferring the ownership of money creations from the banks to the people. We can’t learn of it, or even discuss it, in the major media.
If the mass media won’t speak of it, how do we get the message out?
We now have the social media. Once sufficient people understand it, in the longer term, DMC will be unstoppable. Even politicians will eventually support it, although of course, they will be the last to do so. The poor things are media whipped just now.
How do we best promote DMC?
Recommending this website to all your friends is a good place to start. Personal initiative empowers the social media.
How important do you think DMC will be to the world?
It is probable that ultimately, political democracy will not be able to survive unless economic democracy is achieved. Elites with the power to create all of our money, and backed by all that it will buy, will not be successfully resisted forever.