Friday, June 21, 2013

Labor: the New Gold Standard

Today, while much of America tilts beyond chronic recession into early depression, it is time to begin an orderly national transition from dollars to HOURS.  This profound heresy becomes perhaps inevitable, since dollars have become tokens of unrepayable debt.  And, bluntly, they're a tool with which speculators gamble our jobs and homes.  

By contrast, HOURS are as steady as the clock, because minutes neither expand nor contract.  HOURS when properly issued represent basic labor that produces real goods and services.

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