Randall Garrett

Summary

Randall Garrett Damned If You Don't

Larchmont nodded. "Now, as I understand it, our banking system is the vital nerve network of our economy. And our system is built on credit—faith, if you will. Destroy that faith—even a small percentage of it—and you destroy the system.
"If your machine were to go on the market, there would be no more faith in the present utilities system. Their stocks would be worthless long before your machine actually put them out of business. And that would hit our banking system the same way a nerve gas hits the nervous system. And the victim—the American economy—would die.
Source: Gutenberg

Randall Garrett Damned If You Don't

Dr Artomonov continued, "while we do not have the unstable setup of money-based capitalism, and while we do not need to worry about such antiquated and dangerous things as fluctuating stock markets, we would still find your machine a threat. Communism is based on the work of the people; our economy is based on the labor of the working man. It is thus stable, because every man must work.
"But we, too, have a vast, power network, the destruction of which would cause the unemployment of millions of our citizens.
Source: Gutenberg

Randall Garrett Damned If You Don't

Sam Bending felt as if the thing were snowballing on him. Where would the State and Federal Governments get that money? Taxes? Don't be silly. How can you collect sales taxes when sales are dropping off because of unemployment? How can you get income taxes from depleted incomes? How can you charge luxury taxes when no one is buying luxuries?
Certainly essentials like food, rent, and clothing couldn't be taxed. People would buy as cheaply as possible, which would force down prices. Which would—
"Where would it go from there?" Sam asked Condley in a shaken voice.
Source: Gutenberg

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